Stock Traders Purchase High Volume of Call Options on Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB)

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) was the recipient of some unusual options trading activity on Friday. Stock traders acquired 2,242 call options on the company. This is an increase of 472% compared to the average daily volume of 392 call options.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SUNB. Citigroup dropped their price target on Sunbelt Rentals Holdings, Inc. Common Stock to $90.00 and set a “buy” rating on the stock in a research report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Tuesday, June 30th. KeyCorp reiterated an “overweight” rating and set a $85.00 target price on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Wednesday, June 24th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $96.00 target price on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Tuesday, July 21st. Finally, Royal Bank Of Canada raised shares of Sunbelt Rentals Holdings, Inc. Common Stock from an “underperform” rating to a “sector perform” rating and set a $80.00 price target on the stock in a research report on Friday, June 19th. Eight investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $84.00.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Down 1.6%

Shares of NYSE:SUNB traded down $1.20 during midday trading on Friday, reaching $72.46. 9,023,438 shares of the company traded hands, compared to its average volume of 3,610,325. The company has a quick ratio of 0.83, a current ratio of 0.90 and a debt-to-equity ratio of 0.95. Sunbelt Rentals Holdings, Inc. Common Stock has a 12 month low of $61.03 and a 12 month high of $86.68. The company has a market capitalization of $29.70 billion and a price-to-earnings ratio of 97.92. The business’s fifty day moving average price is $75.93.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) last issued its earnings results on Tuesday, June 23rd. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.73 by $0.01. The company had revenue of $2.75 billion during the quarter. During the same period in the prior year, the company posted $0.76 EPS. Analysts forecast that Sunbelt Rentals Holdings, Inc. Common Stock will post 4.18 earnings per share for the current year.

Sunbelt Rentals Holdings, Inc. Common Stock Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Friday, July 10th. Sunbelt Rentals Holdings, Inc. Common Stock’s dividend payout ratio (DPR) is 405.41%.

Insider Buying and Selling at Sunbelt Rentals Holdings, Inc. Common Stock

In other Sunbelt Rentals Holdings, Inc. Common Stock news, COO John Washburn sold 3,351 shares of the stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $70.00, for a total transaction of $234,570.00. Following the completion of the transaction, the chief operating officer directly owned 72,394 shares of the company’s stock, valued at approximately $5,067,580. This represents a 4.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.16% of the stock is owned by corporate insiders.

Institutional Trading of Sunbelt Rentals Holdings, Inc. Common Stock

Institutional investors and hedge funds have recently bought and sold shares of the company. LM Advisors LLC bought a new position in Sunbelt Rentals Holdings, Inc. Common Stock in the 2nd quarter valued at $1,391,000. Crow s Nest Holdings LP purchased a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the second quarter worth $16,832,000. Highlander Partners L.P. purchased a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the second quarter worth $11,222,000. TD Waterhouse Canada Inc. bought a new stake in Sunbelt Rentals Holdings, Inc. Common Stock during the second quarter valued at $5,245,000. Finally, First Eagle Investment Management LLC bought a new stake in Sunbelt Rentals Holdings, Inc. Common Stock during the second quarter valued at $136,000.

Sunbelt Rentals Holdings, Inc. Common Stock Company Profile

Sunbelt Rentals Holdings, Inc is a major equipment rental company that provides a broad range of rental solutions to construction, industrial, municipal and specialty markets. The company’s business centers on short- and long-term rental of equipment used for earthmoving, aerial access, material handling, power generation, climate control, pumps and general tools, supporting customers who need flexible access to capital-intensive assets without the expense of ownership.

In addition to physical equipment, Sunbelt Rentals offers complementary services designed to keep projects running efficiently.