Sunbelt Rentals Holdings, Inc. Common Stock $SUNB Stock: Metropolis Capital Ltd Raises Position

Metropolis Capital Ltd grew its position in Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) by 2.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,644,072 shares of the company’s stock after acquiring an additional 101,593 shares during the quarter. Sunbelt Rentals Holdings, Inc. Common Stock makes up about 7.4% of Metropolis Capital Ltd’s investment portfolio, making the stock its 6th largest holding. Metropolis Capital Ltd’s holdings in Sunbelt Rentals Holdings, Inc. Common Stock were worth $270,053,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp acquired a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock during the 2nd quarter valued at about $440,999,000. James Hambro & Partners LLP grew its stake 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 in the last quarter. Montrusco Bolton Investments Inc. acquired a new position in Sunbelt Rentals Holdings, Inc. Common Stock in the third quarter worth approximately $51,832,000. Broad Run Investment Management LLC acquired a new position in Sunbelt Rentals Holdings, Inc. Common Stock in the second quarter worth approximately $51,353,000. Finally, Anchor Capital Advisors LLC acquired a new position in Sunbelt Rentals Holdings, Inc. Common Stock in the second quarter worth approximately $44,923,000.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SUNB. Weiss Ratings lowered shares of Sunbelt Rentals Holdings, Inc. Common Stock from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, September 28th. Citigroup decreased their target price on shares of Sunbelt Rentals Holdings, Inc. Common Stock to $90.00 and set a “buy” rating for the company in a research report on Wednesday, June 24th. The Goldman Sachs Group upgraded shares of Sunbelt Rentals Holdings, Inc. Common Stock from a “neutral” rating to a “buy” rating and increased their price target for the stock from $78.00 to $93.00 in a research note on Wednesday, September 16th. Bank of America raised 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 report on Thursday, September 10th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $97.00 target price on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Wednesday, September 16th. Eight equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Sunbelt Rentals Holdings, Inc. Common Stock currently has a consensus rating of “Hold” and an average target price of $87.33.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Performance

SUNB traded up $1.11 during trading on Tuesday, hitting $76.90. The stock had a trading volume of 1,129,828 shares, compared to its average volume of 4,223,454. The firm has a market cap of $31.51 billion and a PE ratio of 40.02. The company has a current ratio of 0.94, a quick ratio of 0.87 and a debt-to-equity ratio of 1.08. Sunbelt Rentals Holdings, Inc. Common Stock has a 12 month low of $61.03 and a 12 month high of $86.68. The company has a 50 day simple moving average of $74.81 and a 200-day simple moving average of $74.82.

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, beating analysts’ consensus estimates of $0.99 by $0.19. The firm had revenue of $3.12 billion for the quarter. Sunbelt Rentals Holdings, Inc. Common Stock’s revenue was up 11.2% compared to the same quarter last year. Analysts expect 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 disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 18th were paid a $0.30 dividend. The ex-dividend date 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 dividend yield of 1.6%. Sunbelt Rentals Holdings, Inc. Common Stock’s dividend payout ratio is presently 62.50%.

About Sunbelt Rentals Holdings, Inc. Common Stock

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.