Nykredit A S Takes Position in Sunbelt Rentals Holdings, Inc. Common Stock $SUNB

Nykredit A S purchased a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 225,676 shares of the company’s stock, valued at approximately $16,543,000. Nykredit A S owned 0.06% of Sunbelt Rentals Holdings, Inc. Common Stock at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SUNB. Councilmark Asset Management LLC increased its holdings in shares of 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 valued at $750,000 after purchasing an additional 150 shares during the period. Legacy Financial Advisors Inc. acquired a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock during the second quarter worth approximately $411,000. Finally, Live Oak Private Wealth LLC acquired a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock during the second quarter worth approximately $4,088,000.

Analyst Ratings Changes

SUNB has been the subject of a number of research analyst reports. Barclays increased their target price on shares of Sunbelt Rentals Holdings, Inc. Common Stock from $82.00 to $90.00 and gave the stock an “overweight” rating in a research report on Monday, June 22nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Tuesday, June 30th. KeyCorp reiterated an “overweight” rating and issued a $85.00 target price on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Wednesday, June 24th. Weiss Ratings cut shares of Sunbelt Rentals Holdings, Inc. Common Stock from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday. Finally, Wells Fargo & Company started coverage on Sunbelt Rentals Holdings, Inc. Common Stock in a report on Monday, August 17th. They set an “overweight” rating and a $96.00 target price on the stock. 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 stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $83.67.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Up 4.1%

Shares of SUNB opened at $68.69 on Friday. The company has a market capitalization of $28.16 billion and a price-to-earnings ratio of 92.82. Sunbelt Rentals Holdings, Inc. Common Stock has a 12-month low of $61.03 and a 12-month high of $86.68. The firm’s 50-day moving average price is $74.87. 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 (NYSE:SUNB) last announced its quarterly earnings results on Tuesday, June 23rd. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. The business had revenue of $2.75 billion for the quarter. During the same period last year, the company posted $0.76 EPS. Equities research analysts expect that Sunbelt Rentals Holdings, Inc. Common Stock will post 4.18 EPS for the current year.

Sunbelt Rentals Holdings, Inc. Common Stock Announces Dividend

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

Insider Activity at Sunbelt Rentals Holdings, Inc. Common Stock

In related news, COO John Washburn sold 3,351 shares of the stock in a transaction that occurred 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 sale, the chief operating officer directly owned 72,394 shares in the company, valued at $5,067,580. This represents a 4.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is owned by insiders.

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.