8,932 Shares in Sunbelt Rentals Holdings, Inc. Common Stock $SUNB Acquired by Munich Reinsurance Co Stock Corp in Munich

Munich Reinsurance Co Stock Corp in Munich purchased a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 8,932 shares of the company’s stock, valued at approximately $652,000.

Other large investors also recently bought and sold shares of the company. Nykredit A S bought a new position in Sunbelt Rentals Holdings, Inc. Common Stock in the 2nd quarter valued at $16,543,000. TD Waterhouse Canada Inc. bought a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock during the second quarter worth $5,245,000. Live Oak Private Wealth LLC purchased a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock during the second quarter valued at $4,088,000. Raiffeisen Bank International AG purchased a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock during the second quarter valued at $2,378,000. Finally, denkapparat Operations GmbH bought a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the second quarter worth about $1,114,000.

Sunbelt Rentals Holdings, Inc. Common Stock Price Performance

SUNB stock 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 50-day moving average price of $74.87. The company has a market capitalization of $28.16 billion and a P/E ratio of 92.82. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.83.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) last issued its 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 for the quarter. During the same quarter last year, the firm posted $0.76 EPS. On average, 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 firm also recently declared a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend was Friday, July 10th. Sunbelt Rentals Holdings, Inc. Common Stock’s dividend payout ratio is presently 405.41%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SUNB shares. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $96.00 price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Tuesday, June 30th. JPMorgan Chase & Co. reduced their target price on shares of Sunbelt Rentals Holdings, Inc. Common Stock from $74.00 to $71.00 and set an “underweight” rating on the stock in a research report on Wednesday. KeyCorp reaffirmed an “overweight” rating and set a $85.00 price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Wednesday, June 24th. Finally, Barclays boosted their price target 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. Eight research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $83.67.

Insider Activity

In other news, COO John Washburn sold 3,351 shares of the stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $70.00, for a total transaction of $234,570.00. Following the transaction, the chief operating officer directly owned 72,394 shares in the company, valued at approximately $5,067,580. This trade represents a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.16% of the company’s stock.

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.