StoneX Group Inc. Makes New Investment in Sunbelt Rentals Holdings, Inc. Common Stock $SUNB

StoneX Group Inc. bought a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,502 shares of the company’s stock, valued at approximately $472,000.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp purchased a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the 2nd quarter valued at approximately $440,999,000. Metropolis Capital Ltd lifted its position in Sunbelt Rentals Holdings, Inc. Common Stock by 2.9% in the third quarter. Metropolis Capital Ltd now owns 3,644,072 shares of the company’s stock valued at $270,053,000 after purchasing an additional 101,593 shares during the period. Cooke & Bieler LP purchased a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the third quarter valued at approximately $153,350,000. Sumitomo Mitsui Trust Group Inc. acquired a new stake in Sunbelt Rentals Holdings, Inc. Common Stock in the third quarter valued at $92,910,000. Finally, James Hambro & Partners LLP grew its stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock by 1.7% during the 3rd quarter. James Hambro & Partners LLP now owns 1,195,451 shares of the company’s stock worth $88,488,000 after purchasing an additional 20,294 shares during the period.

Analyst Ratings Changes

Several equities research analysts have recently commented on SUNB shares. KeyCorp boosted 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. Sanford C. Bernstein reaffirmed 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 assumed 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. Morgan Stanley reiterated an “overweight” rating on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Monday, September 21st. Finally, The Goldman Sachs Group raised Sunbelt Rentals Holdings, Inc. Common Stock from a “neutral” rating to a “buy” rating and upped their target price for the company from $78.00 to $93.00 in a research note on Wednesday, September 16th. Nine analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $85.72.

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

SUNB stock opened at $81.62 on Friday. The stock’s fifty day simple moving average is $76.47 and its 200-day simple 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. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.87 and a current ratio of 0.94.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) last posted its quarterly earnings results on Wednesday, September 9th. The company reported $1.18 EPS for the quarter, beating the consensus estimate of $0.99 by $0.19. The business had revenue of $3.12 billion during the quarter. Sunbelt Rentals Holdings, Inc. Common Stock’s revenue was up 11.2% on a year-over-year basis. Equities analysts predict 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. Stockholders of record on Friday, September 18th were issued a dividend of $0.30 per share. 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 negative change from Sunbelt Rentals Holdings, Inc. Common Stock’s previous quarterly dividend of $0.75. Sunbelt Rentals Holdings, Inc. Common Stock’s payout ratio is currently 62.50%.

Sunbelt Rentals Holdings, Inc. Common Stock Profile

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.