20,233 Shares of Sunbelt Rentals Holdings, Inc. Common Stock $SUNB Purchased by Candriam S.C.A.

Candriam S.C.A. bought a new stake in Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 20,233 shares of the company’s stock, valued at approximately $1,497,000.

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

Sunbelt Rentals Holdings, Inc. Common Stock Stock Performance

Shares of SUNB stock opened at $83.29 on Thursday. The company’s fifty day simple moving average is $76.17 and its 200-day simple moving average is $74.86. 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 current ratio of 0.94, a quick ratio of 0.87 and a debt-to-equity ratio of 1.08. The company has a market cap of $34.13 billion and a PE ratio of 43.38.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) last released its quarterly earnings results on Wednesday, September 9th. The company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.19. The firm had revenue of $3.12 billion for the quarter. The company’s quarterly revenue was up 11.2% on a year-over-year basis. As a group, equities research analysts anticipate 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 firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 18th were paid a dividend of $0.30 per share. 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. This represents a $1.20 annualized dividend and a yield of 1.4%. Sunbelt Rentals Holdings, Inc. Common Stock’s payout ratio is presently 62.50%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SUNB shares. Bank of America lifted their price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock from $62.00 to $71.00 and gave the company an “underperform” rating in a research report on Thursday, September 10th. Weiss Ratings upgraded Sunbelt Rentals Holdings, Inc. Common Stock from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 30th. Morgan Stanley reaffirmed an “overweight” rating on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Monday, September 21st. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $97.00 price objective on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Wednesday, September 16th. Finally, KeyCorp boosted their target price on Sunbelt Rentals Holdings, Inc. Common Stock from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, September 10th. Nine research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Sunbelt Rentals Holdings, Inc. Common Stock currently has an average rating of “Hold” and a consensus price target of $85.72.

About Sunbelt Rentals Holdings, Inc. Common Stock

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.