Robeco Institutional Asset Management B.V. Acquires New Stake in Sunbelt Rentals Holdings, Inc. Common Stock $SUNB

Robeco Institutional Asset Management B.V. bought a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,282 shares of the company’s stock, valued at approximately $680,000.

A number of other hedge funds have also made changes to their positions in SUNB. State Street Corp purchased a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the second quarter valued at approximately $440,999,000. Metropolis Capital Ltd boosted its stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock by 2.9% in the third quarter. Metropolis Capital Ltd now owns 3,644,072 shares of the company’s stock worth $270,053,000 after acquiring an additional 101,593 shares during the last quarter. James Hambro & Partners LLP increased its position in shares of Sunbelt Rentals Holdings, Inc. Common Stock by 1.7% during the third quarter. James Hambro & Partners LLP now owns 1,195,451 shares of the company’s stock worth $88,488,000 after purchasing an additional 20,294 shares in the last quarter. Montrusco Bolton Investments Inc. purchased a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock during the third quarter worth approximately $51,832,000. Finally, Broad Run Investment Management LLC purchased a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock during the second quarter worth approximately $51,353,000.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Bank of America increased 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 report on Thursday, September 10th. Sanford C. Bernstein restated an “outperform” rating and set a $97.00 price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Wednesday, September 16th. 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. Wells Fargo & Company assumed coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Monday, August 17th. They set an “overweight” rating and a $96.00 price objective for the company. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Monday, September 21st. Eight analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $87.33.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Performance

NYSE:SUNB opened at $79.50 on Tuesday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.87 and a current ratio of 0.94. The stock has a market capitalization of $32.57 billion and a P/E ratio of 41.40. The company has a 50 day moving average price of $74.74 and a 200 day moving average price of $74.36. Sunbelt Rentals Holdings, Inc. Common Stock has a fifty-two week low of $61.03 and a fifty-two week high of $86.68.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) last released its quarterly earnings results on Wednesday, September 9th. The company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.19. The firm had revenue of $3.12 billion for the quarter. The business’s revenue was up 11.2% compared to the same quarter last year. Equities research analysts forecast 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 declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 18th were given a dividend of $0.30 per share. This is a drop from Sunbelt Rentals Holdings, Inc. Common Stock’s previous quarterly dividend of $0.75. This represents a $1.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, September 18th. Sunbelt Rentals Holdings, Inc. Common Stock’s dividend payout ratio is currently 62.50%.

Sunbelt Rentals Holdings, Inc. Common Stock Company Profile

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.