Sunbelt Rentals Holdings, Inc. Common Stock $SUNB Stock Position Raised by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. grew its holdings in Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) by 20.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 86,541 shares of the company’s stock after acquiring an additional 14,733 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Sunbelt Rentals Holdings, Inc. Common Stock were worth $6,546,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. State Street Corp purchased a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock during the second quarter worth about $440,999,000. Broad Run Investment Management LLC purchased a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the 2nd quarter valued at approximately $51,353,000. Montrusco Bolton Investments Inc. purchased a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the 3rd quarter valued at approximately $51,832,000. Anchor Capital Advisors LLC purchased a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the 2nd quarter valued at approximately $44,923,000. Finally, Envestnet Asset Management Inc. acquired a new stake in Sunbelt Rentals Holdings, Inc. Common Stock in the 2nd quarter worth approximately $26,298,000.

Sunbelt Rentals Holdings, Inc. Common Stock Price Performance

Shares of SUNB opened at $75.77 on Tuesday. The business’s 50-day moving average is $74.81 and its two-hundred day moving average is $74.82. 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 quick ratio of 0.87, a current ratio of 0.94 and a debt-to-equity ratio of 1.08.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) last issued its quarterly earnings data 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 company had revenue of $3.12 billion during the quarter. The firm’s revenue was up 11.2% on a year-over-year basis. On average, sell-side analysts forecast that Sunbelt Rentals Holdings, Inc. Common Stock will post 4.21 EPS for the current fiscal year.

Sunbelt Rentals Holdings, Inc. Common Stock Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 18th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, September 18th. This is a drop from Sunbelt Rentals Holdings, Inc. Common Stock’s previous quarterly dividend of $0.75. This represents a $1.20 dividend on an annualized basis and a yield of 1.6%. Sunbelt Rentals Holdings, Inc. Common Stock’s dividend payout ratio is presently 62.50%.

Analyst Ratings Changes

SUNB has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Sunbelt Rentals Holdings, Inc. Common Stock from $71.00 to $79.00 and gave the stock an “underweight” rating in a research report on Thursday, September 10th. The Goldman Sachs Group upgraded shares of Sunbelt Rentals Holdings, Inc. Common Stock from a “neutral” rating to a “buy” rating and upped their price target for the company from $78.00 to $93.00 in a research note on Wednesday, September 16th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $97.00 price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Wednesday, September 16th. Bank of America lifted their price objective on shares of Sunbelt Rentals Holdings, Inc. Common Stock from $62.00 to $71.00 and gave the stock an “underperform” rating in a research note on Thursday, September 10th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Tuesday, June 30th. Eight investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $87.33.

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.