8,932 Shares in Sunbelt Rentals Holdings, Inc. Common Stock $SUNB Bought by Munich Reinsurance Co Stock Corp in Munich

Munich Reinsurance Co Stock Corp in Munich bought a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 8,932 shares of the company’s stock, valued at approximately $652,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Councilmark Asset Management LLC lifted its stake in Sunbelt Rentals Holdings, Inc. Common Stock by 1.5% in the 2nd quarter. Councilmark Asset Management LLC now owns 10,020 shares of the company’s stock worth $750,000 after purchasing an additional 150 shares in the last quarter. Legacy Financial Advisors Inc. purchased a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock during the second quarter valued at about $411,000. Live Oak Private Wealth LLC bought a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the second quarter worth about $4,088,000. Nykredit A S bought a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the second quarter worth about $16,543,000. Finally, TD Waterhouse Canada Inc. purchased a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the second quarter worth about $5,245,000.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Performance

NYSE SUNB opened at $68.69 on Friday. The firm’s 50 day moving average is $74.87. Sunbelt Rentals Holdings, Inc. Common Stock has a fifty-two week low of $61.03 and a fifty-two week high of $86.68. The company has a market cap of $28.16 billion and a P/E ratio of 92.82. The company has a current ratio of 0.90, a quick ratio of 0.83 and a debt-to-equity ratio of 0.95.

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

Sunbelt Rentals Holdings, Inc. Common Stock Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Friday, July 10th. Sunbelt Rentals Holdings, Inc. Common Stock’s dividend payout ratio (DPR) is 405.41%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SUNB shares. Citigroup dropped their price target on Sunbelt Rentals Holdings, Inc. Common Stock to $90.00 and set a “buy” rating for the company in a research note on Wednesday, June 24th. KeyCorp reaffirmed an “overweight” rating and set a $85.00 price objective on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Wednesday, June 24th. Sanford C. Bernstein reiterated an “outperform” rating and set a $96.00 target price on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Tuesday, July 21st. 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 target price for the company in a report on Friday, June 19th. Finally, Wells Fargo & Company assumed coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Monday, August 17th. They issued an “overweight” rating and a $96.00 price target on the stock. Eight 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 stock. According to data from MarketBeat, Sunbelt Rentals Holdings, Inc. Common Stock has an average rating of “Hold” and a consensus price target of $83.67.

Insider Activity

In related news, COO John Washburn sold 3,351 shares of Sunbelt Rentals Holdings, Inc. Common Stock stock in a transaction dated Wednesday, July 8th. The shares were 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. The trade was a 4.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.16% of the company’s stock.

About Sunbelt Rentals Holdings, Inc. Common Stock

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.