Sunbelt Rentals Holdings, Inc. Common Stock $SUNB Shares Sold by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR cut its position in Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) by 97.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,598 shares of the company’s stock after selling 114,348 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Sunbelt Rentals Holdings, Inc. Common Stock were worth $190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of SUNB. State Street Corp bought a new position in Sunbelt Rentals Holdings, Inc. Common Stock in the 2nd quarter valued at $440,999,000. Metropolis Capital Ltd increased its holdings 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 purchasing an additional 101,593 shares during the period. Cooke & Bieler LP bought a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the third quarter worth $153,350,000. James Hambro & Partners LLP increased its holdings in shares of Sunbelt Rentals Holdings, Inc. Common Stock by 1.7% in 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 during the period. Finally, Broad Run Investment Management LLC purchased a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the second quarter worth $51,353,000.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Performance

Sunbelt Rentals Holdings, Inc. Common Stock stock opened at $83.62 on Friday. Sunbelt Rentals Holdings, Inc. Common Stock has a fifty-two week low of $61.03 and a fifty-two week high of $86.68. 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 cap of $34.26 billion and a P/E ratio of 43.55. The firm’s fifty day moving average price is $75.01 and its 200-day moving average price is $74.57.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) last announced its earnings results on Wednesday, September 9th. The company reported $1.18 earnings per share (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% compared to the same quarter last year. On average, equities research analysts expect that Sunbelt Rentals Holdings, Inc. Common Stock will post 4.21 earnings per share for the current fiscal year.

Sunbelt Rentals Holdings, Inc. Common Stock Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 18th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.4%. This is a decrease from Sunbelt Rentals Holdings, Inc. Common Stock’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, September 18th. Sunbelt Rentals Holdings, Inc. Common Stock’s dividend payout ratio is presently 62.50%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group raised Sunbelt Rentals Holdings, Inc. Common Stock from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $78.00 to $93.00 in a research note on Wednesday, September 16th. Bank of America upped their target price on Sunbelt Rentals Holdings, Inc. Common Stock from $62.00 to $71.00 and gave the stock an “underperform” rating in a research note on Thursday, September 10th. Weiss Ratings cut Sunbelt Rentals Holdings, Inc. Common Stock from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday, September 28th. Morgan Stanley reissued an “overweight” rating on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Monday, September 21st. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $97.00 price objective on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Wednesday, September 16th. Eight analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $87.33.

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.