Broad Run Investment Management LLC Acquires New Holdings in Sunbelt Rentals Holdings, Inc. Common Stock $SUNB

Broad Run Investment Management LLC acquired a new position in Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 702,078 shares of the company’s stock, valued at approximately $51,353,000. Sunbelt Rentals Holdings, Inc. Common Stock accounts for 7.9% of Broad Run Investment Management LLC’s holdings, making the stock its 3rd biggest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Anchor Capital Advisors LLC acquired a new position in Sunbelt Rentals Holdings, Inc. Common Stock during the 2nd quarter valued at about $44,923,000. California State Teachers Retirement System acquired a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the 2nd quarter worth approximately $32,415,000. Allianz Asset Management GmbH bought a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the second quarter valued at approximately $22,082,000. Giverny Capital Inc. bought a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the second quarter valued at approximately $18,431,000. Finally, Nykredit A S acquired a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock during the second quarter valued at approximately $16,543,000.

Sunbelt Rentals Holdings, Inc. Common Stock Trading Up 1.2%

SUNB stock traded up $0.84 on Tuesday, hitting $69.43. 10,677,149 shares of the company’s stock traded hands, compared to its average volume of 4,148,680. The firm has a market cap of $28.46 billion and a PE ratio of 93.82. Sunbelt Rentals Holdings, Inc. Common Stock has a 1-year low of $61.03 and a 1-year high of $86.68. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.83 and a current ratio of 0.90. The stock’s fifty day moving average is $74.79.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) last posted its quarterly earnings results on Tuesday, June 23rd. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.01. The business had revenue of $2.75 billion during the quarter. During the same quarter last year, the business posted $0.76 EPS. On average, equities research analysts anticipate that Sunbelt Rentals Holdings, Inc. Common Stock will post 4.18 earnings per share for the current fiscal year.

Sunbelt Rentals Holdings, Inc. Common Stock Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $3.00 annualized dividend and a dividend yield of 4.3%. Sunbelt Rentals Holdings, Inc. Common Stock’s dividend payout ratio (DPR) is currently 405.41%.

Insider Activity

In related news, COO John Washburn sold 3,351 shares of Sunbelt Rentals Holdings, Inc. Common Stock stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $70.00, for a total value of $234,570.00. Following the transaction, the chief operating officer directly owned 72,394 shares in the company, valued at $5,067,580. The trade was a 4.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.16% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on SUNB. JPMorgan Chase & Co. dropped their target price on Sunbelt Rentals Holdings, Inc. Common Stock from $74.00 to $71.00 and set an “underweight” rating on the stock in a report on Wednesday, September 2nd. Royal Bank Of Canada upgraded 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. Weiss Ratings downgraded Sunbelt Rentals Holdings, Inc. Common Stock from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, September 1st. Barclays upped their price objective on Sunbelt Rentals Holdings, Inc. Common Stock from $82.00 to $90.00 and gave the company an “overweight” rating in a report on Monday, June 22nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Tuesday, June 30th. Eight investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Sunbelt Rentals Holdings, Inc. Common Stock has a consensus rating of “Hold” and a consensus target price of $83.67.

Sunbelt Rentals Holdings, Inc. Common Stock 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.