TD Waterhouse Canada Inc. Invests $5.25 Million in Sunbelt Rentals Holdings, Inc. Common Stock $SUNB

TD Waterhouse Canada Inc. bought a new stake in Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) in the second quarter, HoldingsChannel reports. The fund bought 71,808 shares of the company’s stock, valued at approximately $5,245,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nykredit A S bought a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the 2nd quarter valued at approximately $16,543,000. Live Oak Private Wealth LLC bought a new position in Sunbelt Rentals Holdings, Inc. Common Stock in the 2nd quarter worth approximately $4,088,000. Legacy Financial Advisors Inc. acquired a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock during the second quarter valued at $411,000. Finally, Councilmark Asset Management LLC raised its holdings in Sunbelt Rentals Holdings, Inc. Common Stock by 1.5% during the second quarter. Councilmark Asset Management LLC now owns 10,020 shares of the company’s stock worth $750,000 after purchasing an additional 150 shares in the last quarter.

Insider Activity

In other news, COO John Washburn sold 3,351 shares of the business’s stock in a transaction 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 completion of the transaction, the chief operating officer owned 72,394 shares of the company’s stock, valued at approximately $5,067,580. The trade was a 4.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on SUNB. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Tuesday, June 30th. Citigroup decreased their target price on Sunbelt Rentals Holdings, Inc. Common Stock to $90.00 and set a “buy” rating for the company in a research report on Wednesday, June 24th. Weiss Ratings downgraded Sunbelt Rentals Holdings, Inc. Common Stock from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, September 1st. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $96.00 target price on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Tuesday, July 21st. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $85.00 price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Wednesday, June 24th. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $83.67.

Sunbelt Rentals Holdings, Inc. Common Stock Trading Up 0.1%

NYSE:SUNB opened at $68.69 on Monday. The firm has a 50-day moving average of $74.87. The firm has a market capitalization of $28.16 billion and a price-to-earnings ratio of 92.82. 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 quick ratio of 0.83, a current ratio of 0.90 and a debt-to-equity ratio of 0.95.

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, beating the consensus estimate of $0.73 by $0.01. The firm had revenue of $2.75 billion during the quarter. During the same quarter last year, the company earned $0.76 earnings per share. Sell-side analysts predict that Sunbelt Rentals Holdings, Inc. Common Stock will post 4.18 earnings per share for the current year.

Sunbelt Rentals Holdings, Inc. Common Stock Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Friday, July 10th. Sunbelt Rentals Holdings, Inc. Common Stock’s payout ratio is 405.41%.

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.