50,016 Shares of Sunbelt Rentals Holdings, Inc. Common Stock $SUNB Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 50,016 shares of the company’s stock, valued at approximately $3,662,000.

Other institutional investors have also recently made changes to their positions in the company. First Command Advisory Services Inc. increased its holdings in Sunbelt Rentals Holdings, Inc. Common Stock by 165.1% in the third quarter. First Command Advisory Services Inc. now owns 835 shares of the company’s stock worth $61,000 after purchasing an additional 520 shares in the last quarter. Machina Capital S.A.S. acquired a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the 3rd quarter valued at about $2,694,000. AMG National Trust Bank bought a new stake in Sunbelt Rentals Holdings, Inc. Common Stock in the 3rd quarter valued at about $1,526,000. Keybank National Association OH bought a new stake in Sunbelt Rentals Holdings, Inc. Common Stock in the 3rd quarter valued at about $510,000. Finally, Narwhal Capital Management bought a new stake in Sunbelt Rentals Holdings, Inc. Common Stock in the 3rd quarter valued at about $6,795,000.

Sunbelt Rentals Holdings, Inc. Common Stock Trading Down 2.0%

Shares of SUNB stock opened at $81.62 on Friday. The company has a market capitalization of $33.44 billion and a PE ratio of 42.51. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.87 and a current ratio of 0.94. The business’s fifty day moving average is $76.47 and its 200 day moving average is $74.90. Sunbelt Rentals Holdings, Inc. Common Stock has a 52-week low of $61.03 and a 52-week high of $86.68.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) last issued its quarterly earnings data on Wednesday, September 9th. The company reported $1.18 EPS for the quarter, topping the consensus estimate of $0.99 by $0.19. The business had revenue of $3.12 billion for the quarter. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. On average, equities research analysts anticipate that Sunbelt Rentals Holdings, Inc. Common Stock will post 4.21 EPS for the current fiscal year.

Sunbelt Rentals Holdings, Inc. Common Stock Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 18th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Friday, September 18th. This is a decrease from Sunbelt Rentals Holdings, Inc. Common Stock’s previous quarterly dividend of $0.75. Sunbelt Rentals Holdings, Inc. Common Stock’s dividend payout ratio (DPR) is currently 62.50%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SUNB. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $97.00 target price on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Wednesday, September 16th. Morgan Stanley reaffirmed an “overweight” rating on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Monday, September 21st. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $80.00 price objective on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Thursday, September 17th. Weiss Ratings raised Sunbelt Rentals Holdings, Inc. Common Stock from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 30th. Finally, Bank of America boosted their price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock from $62.00 to $71.00 and gave the company an “underperform” rating in a research report on Thursday, September 10th. Nine equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $85.72.

About Sunbelt Rentals Holdings, Inc. Common Stock

Sunbelt Rentals Holdings, Inc. provides equipment rental and related services to customers in construction, industrial, commercial, infrastructure, government and other markets. Its offerings include general construction equipment and tools, as well as specialty solutions such as aerial work platforms, climate control, power generation, pumps, trench safety and scaffolding. The company serves customers through a network of rental locations across the United States, Canada, the United Kingdom and Ireland.