Raiffeisen Bank International AG Takes $2.38 Million Position in Sunbelt Rentals Holdings, Inc. Common Stock $SUNB

Raiffeisen Bank International AG bought a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) in the 2nd quarter, Holdings Channel.com reports. The firm bought 31,792 shares of the company’s stock, valued at approximately $2,378,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nykredit A S bought a new stake in Sunbelt Rentals Holdings, Inc. Common Stock in the second quarter valued at approximately $16,543,000. TD Waterhouse Canada Inc. bought a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the second quarter worth approximately $5,245,000. Live Oak Private Wealth LLC bought a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the second quarter worth approximately $4,088,000. denkapparat Operations GmbH bought a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the second quarter worth approximately $1,114,000. Finally, Syon Capital LLC purchased a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the second quarter worth $536,000.

Insider Activity at Sunbelt Rentals Holdings, Inc. Common Stock

In related news, COO John Washburn sold 3,351 shares of Sunbelt Rentals Holdings, Inc. Common Stock 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. The trade was a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.16% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. 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 decreased 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 reaffirmed a “hold” rating on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Tuesday, June 30th. Weiss Ratings cut Sunbelt Rentals Holdings, Inc. Common Stock from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday. Finally, Royal Bank Of Canada raised Sunbelt Rentals Holdings, Inc. Common Stock from an “underperform” rating to a “sector perform” rating and set a $80.00 price target for the company in a research report on Friday, June 19th. 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. Based on data from MarketBeat, Sunbelt Rentals Holdings, Inc. Common Stock has a consensus rating of “Hold” and an average target price of $83.67.

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

Shares of SUNB opened at $68.69 on Friday. 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 current ratio of 0.90 and a quick ratio of 0.83. The company’s 50-day moving average is $74.87. The company has a market cap of $28.16 billion and a price-to-earnings ratio of 92.82.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) last released its quarterly earnings results on Tuesday, June 23rd. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. The company had revenue of $2.75 billion during the quarter. During the same period in the prior year, the firm posted $0.76 earnings per share. On average, research analysts forecast that Sunbelt Rentals Holdings, Inc. Common Stock will post 4.18 EPS for the current fiscal 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 given a $0.75 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $3.00 annualized dividend and a dividend yield of 4.4%. Sunbelt Rentals Holdings, Inc. Common Stock’s dividend payout ratio is currently 405.41%.

Sunbelt Rentals Holdings, Inc. Common Stock Company 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.