Metropolis Capital Ltd Acquires 101,593 Shares of Sunbelt Rentals Holdings, Inc. Common Stock $SUNB

Metropolis Capital Ltd raised its holdings in shares of Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) by 2.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,644,072 shares of the company’s stock after buying an additional 101,593 shares during the period. Sunbelt Rentals Holdings, Inc. Common Stock comprises approximately 7.4% of Metropolis Capital Ltd’s investment portfolio, making the stock its 6th biggest position. Metropolis Capital Ltd owned approximately 0.89% of Sunbelt Rentals Holdings, Inc. Common Stock worth $270,053,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SUNB. Parkside Financial Bank & Trust acquired a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the second quarter worth about $25,000. Allworth Financial LP acquired a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock during the second quarter valued at approximately $30,000. MassMutual Private Wealth & Trust FSB acquired a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock during the third quarter valued at approximately $31,000. Versant Capital Management Inc raised its holdings in shares of Sunbelt Rentals Holdings, Inc. Common Stock by 90.4% during the third quarter. Versant Capital Management Inc now owns 916 shares of the company’s stock valued at $67,000 after acquiring an additional 435 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock during the second quarter valued at approximately $83,000.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Up 1.5%

Shares of SUNB stock traded up $1.11 during trading on Tuesday, hitting $76.90. 1,129,828 shares of the company were exchanged, compared to its average volume of 4,223,454. The business’s 50-day simple moving average is $74.81 and its 200 day simple moving average is $74.82. Sunbelt Rentals Holdings, Inc. Common Stock has a twelve month low of $61.03 and a twelve month high of $86.68. The firm has a market capitalization of $31.51 billion and a price-to-earnings ratio of 40.02. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.87 and a current ratio of 0.94.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) last released its quarterly earnings data on Wednesday, September 9th. The company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.19. The company had revenue of $3.12 billion during the quarter. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. As a group, analysts forecast that Sunbelt Rentals Holdings, Inc. Common Stock will post 4.21 EPS for the current fiscal year.

Sunbelt Rentals Holdings, Inc. Common Stock Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 18th were issued a dividend of $0.30 per share. The ex-dividend date was Friday, September 18th. This represents a $1.20 annualized dividend and a dividend yield of 1.6%. This is a decrease from Sunbelt Rentals Holdings, Inc. Common Stock’s previous quarterly dividend of $0.75. Sunbelt Rentals Holdings, Inc. Common Stock’s dividend payout ratio is presently 62.50%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SUNB. Sanford C. Bernstein restated an “outperform” rating and issued a $97.00 price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Wednesday, September 16th. Weiss Ratings cut 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. JPMorgan Chase & Co. boosted their target price on shares of Sunbelt Rentals Holdings, Inc. Common Stock from $71.00 to $79.00 and gave the company an “underweight” rating in a research note on Thursday, September 10th. Bank of America increased their target price on Sunbelt Rentals Holdings, Inc. Common Stock from $62.00 to $71.00 and gave the company an “underperform” rating in a report on Thursday, September 10th. Finally, Wells Fargo & Company began coverage on Sunbelt Rentals Holdings, Inc. Common Stock in a report on Monday, August 17th. They issued an “overweight” rating and a $96.00 target price for the company. Eight equities research 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average 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.