Sunbelt Rentals Holdings, Inc. Common Stock $SUNB Shares Newly Bought by Roman Butler Fullerton & Co.

Roman Butler Fullerton & Co. acquired a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 8,800 shares of the company’s stock, valued at approximately $667,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust purchased a new stake in Sunbelt Rentals Holdings, Inc. Common Stock in the 2nd quarter worth approximately $25,000. Allworth Financial LP bought a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the second quarter worth approximately $30,000. MassMutual Private Wealth & Trust FSB bought a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the third quarter worth approximately $31,000. Versant Capital Management Inc increased its stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock by 90.4% in the third quarter. Versant Capital Management Inc now owns 916 shares of the company’s stock worth $67,000 after purchasing an additional 435 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the second quarter worth $83,000.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Performance

NYSE SUNB opened at $81.77 on Wednesday. The business has a 50 day simple moving average of $74.71 and a two-hundred day simple moving average of $74.40. Sunbelt Rentals Holdings, Inc. Common Stock has a 1-year low of $61.03 and a 1-year high of $86.68.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) last announced its earnings results on Wednesday, September 9th. The company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.19. The business had revenue of $3.12 billion for the quarter. The business’s revenue was up 11.2% compared to the same quarter last year. As a group, equities analysts anticipate that Sunbelt Rentals Holdings, Inc. Common Stock will post 4.21 EPS for the current year.

Sunbelt Rentals Holdings, Inc. Common Stock Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 18th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.5%. This is a negative change from Sunbelt Rentals Holdings, Inc. Common Stock’s previous quarterly dividend of $0.75. The ex-dividend date was Friday, September 18th.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SUNB. Morgan Stanley restated an “overweight” rating on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Monday, September 21st. KeyCorp increased their price target on Sunbelt Rentals Holdings, Inc. Common Stock from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, September 10th. Royal Bank Of Canada restated 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. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $97.00 price objective on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Wednesday, September 16th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Tuesday, June 30th. Eight research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Sunbelt Rentals Holdings, Inc. Common Stock has an average rating of “Hold” and an average target price of $87.33.

Sunbelt Rentals Holdings, Inc. Common Stock Company Profile

Sunbelt Rentals Holdings, Inc is an equipment rental company that provides construction, industrial, commercial and specialty equipment to businesses, government agencies and consumers. Its rental fleet includes aerial work platforms, earthmoving equipment, material-handling machinery, general tools, power-generation and climate-control equipment, pumps, trench-safety products, traffic and safety equipment, and temporary structures.

The company supports a range of applications, including construction and infrastructure projects, industrial maintenance, facility management, disaster response, utilities, entertainment and events.