68,618 Shares in Sunbelt Rentals Holdings, Inc. Common Stock $SUNB Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC bought a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 68,618 shares of the company’s stock, valued at approximately $5,133,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Broad Run Investment Management LLC bought a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the 2nd quarter worth $51,353,000. Anchor Capital Advisors LLC bought a new stake in Sunbelt Rentals Holdings, Inc. Common Stock during the second quarter valued at about $44,923,000. California State Teachers Retirement System bought a new stake in Sunbelt Rentals Holdings, Inc. Common Stock during the second quarter valued at about $32,415,000. Allianz Asset Management GmbH purchased a new position in Sunbelt Rentals Holdings, Inc. Common Stock in the second quarter valued at about $22,082,000. Finally, Giverny Capital Inc. purchased a new position in Sunbelt Rentals Holdings, Inc. Common Stock in the second quarter valued at about $18,431,000.

Insider Activity

In other news, COO John Washburn sold 3,351 shares of the firm’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $70.00, for a total value of $234,570.00. Following the completion of the transaction, the chief operating officer directly owned 72,394 shares in the company, valued at $5,067,580. This trade represents a 4.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.16% of the stock is currently owned by insiders.

Sunbelt Rentals Holdings, Inc. Common Stock Price Performance

Shares of SUNB opened at $72.62 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.94 and a debt-to-equity ratio of 1.08. The firm’s fifty day moving average is $74.70. Sunbelt Rentals Holdings, Inc. Common Stock has a 1-year low of $61.03 and a 1-year high of $86.68. The stock has a market capitalization of $29.76 billion and a price-to-earnings ratio of 98.13.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) last issued its earnings results on Wednesday, September 9th. The company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.19. The firm had revenue of $3.12 billion during the quarter. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. As a group, research analysts anticipate that Sunbelt Rentals Holdings, Inc. Common Stock will post 4.17 EPS for the current fiscal year.

Sunbelt Rentals Holdings, Inc. Common Stock Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 18th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, September 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.7%. Sunbelt Rentals Holdings, Inc. Common Stock’s dividend payout ratio is currently 405.41%.

Analyst Ratings Changes

Several analysts have commented on SUNB shares. Wells Fargo & Company started coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Monday, August 17th. They set an “overweight” rating and a $96.00 price target for the company. Citigroup cut their price objective on shares of Sunbelt Rentals Holdings, Inc. Common Stock to $90.00 and set a “buy” rating on the stock in a research report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Tuesday, June 30th. 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 research report on Friday, June 19th. Finally, Bank of America raised their target price 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 note on Thursday. Eight equities research 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 data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $86.11.

Sunbelt Rentals Holdings, Inc. Common Stock Profile

Sunbelt Rentals Holdings, Inc is an equipment rental company that provides tools, machinery and related services to construction, industrial, commercial, infrastructure, government and residential customers. Its rental fleet includes aerial work platforms, earthmoving and material-handling equipment, general tools, power-generation equipment, pumps, heating and cooling systems, and temporary structures.

The company also provides specialized solutions such as trench safety, climate control, event equipment, traffic management and temporary power.