Sunbelt Rentals Holdings, Inc. Common Stock $SUNB Position Boosted by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. increased its position in shares of Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) by 20.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 86,541 shares of the company’s stock after buying an additional 14,733 shares during the period. TD Waterhouse Canada Inc.’s holdings in Sunbelt Rentals Holdings, Inc. Common Stock were worth $6,546,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in SUNB. State Street Corp acquired a new stake in Sunbelt Rentals Holdings, Inc. Common Stock during the second quarter valued at $440,999,000. Broad Run Investment Management LLC purchased a new position in Sunbelt Rentals Holdings, Inc. Common Stock in the second quarter valued at $51,353,000. Montrusco Bolton Investments Inc. purchased a new position in Sunbelt Rentals Holdings, Inc. Common Stock in the third quarter valued at $51,832,000. Anchor Capital Advisors LLC purchased a new position in Sunbelt Rentals Holdings, Inc. Common Stock in the second quarter valued at $44,923,000. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the second quarter worth about $26,298,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Barclays increased their target price on shares of Sunbelt Rentals Holdings, Inc. Common Stock from $82.00 to $90.00 and gave the stock an “overweight” rating in a research note on Monday, June 22nd. The Goldman Sachs Group upgraded Sunbelt Rentals Holdings, Inc. Common Stock from a “neutral” rating to a “buy” rating and raised their target price for the company from $78.00 to $93.00 in a research report on Wednesday, September 16th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Tuesday, June 30th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $97.00 price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Wednesday, September 16th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Monday, September 21st. Eight investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Sunbelt Rentals Holdings, Inc. Common Stock currently has an average rating of “Hold” and a consensus price target of $87.33.

Sunbelt Rentals Holdings, Inc. Common Stock Trading Down 0.3%

Shares of NYSE:SUNB opened at $75.77 on Tuesday. The business’s 50 day moving average price is $74.81 and its 200-day moving average price is $74.82. 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 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 (NYSE:SUNB) last issued its quarterly earnings results on Wednesday, September 9th. The company reported $1.18 EPS for the quarter, topping the consensus estimate of $0.99 by $0.19. The company 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. Research analysts anticipate that Sunbelt Rentals Holdings, Inc. Common Stock will post 4.21 earnings per share for the current year.

Sunbelt Rentals Holdings, Inc. Common Stock Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 18th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend 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 1.6%. Sunbelt Rentals Holdings, Inc. Common Stock’s payout ratio is 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.