Sunbelt Rentals Holdings, Inc. Common Stock $SUNB Shares Sold by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB cut its stake in Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) by 28.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,881 shares of the company’s stock after selling 8,090 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Sunbelt Rentals Holdings, Inc. Common Stock were worth $1,455,000 at the end of the most recent reporting period.

Several 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 position in Sunbelt Rentals Holdings, Inc. Common Stock in the second quarter valued at $25,000. Allworth Financial LP acquired a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock during the 2nd quarter valued at about $30,000. MassMutual Private Wealth & Trust FSB purchased a new position in Sunbelt Rentals Holdings, Inc. Common Stock during the third quarter worth approximately $31,000. Versant Capital Management Inc raised its holdings in shares of Sunbelt Rentals Holdings, Inc. Common Stock by 90.4% during the third quarter. Versant Capital Management Inc now owns 916 shares of the company’s stock valued at $67,000 after acquiring an additional 435 shares during the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in Sunbelt Rentals Holdings, Inc. Common Stock during the second quarter worth about $83,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on SUNB shares. Royal Bank Of Canada restated a “sector perform” rating and issued a $80.00 target price on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Thursday, September 17th. Sanford C. Bernstein reiterated an “outperform” rating and set a $97.00 price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Wednesday, September 16th. Wells Fargo & Company initiated coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Monday, August 17th. They issued an “overweight” rating and a $96.00 price objective on the stock. The Goldman Sachs Group upgraded shares of Sunbelt Rentals Holdings, Inc. Common Stock from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $78.00 to $93.00 in a report on Wednesday, September 16th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Monday, September 21st. 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 company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $87.33.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Performance

NYSE:SUNB opened at $78.61 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.87 and a debt-to-equity ratio of 1.08. Sunbelt Rentals Holdings, Inc. Common Stock has a 1 year low of $61.03 and a 1 year high of $86.68. The firm’s fifty day simple moving average is $74.53 and its 200 day simple moving average is $75.15. The firm has a market capitalization of $32.21 billion and a PE ratio of 40.94.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) last issued its earnings results on Wednesday, September 9th. The company reported $1.18 EPS for the quarter, topping the consensus estimate of $0.99 by $0.19. The firm had revenue of $3.12 billion during the quarter. Sunbelt Rentals Holdings, Inc. Common Stock’s revenue was up 11.2% compared to the same quarter last year. On average, sell-side 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 firm also recently announced 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 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend 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 presently 62.50%.

Sunbelt Rentals Holdings, Inc. Common Stock 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.