50,016 Shares of Sunbelt Rentals Holdings, Inc. Common Stock $SUNB Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) in the 3rd quarter, Holdings Channel.com reports. The firm bought 50,016 shares of the company’s stock, valued at approximately $3,662,000.

A number of other large investors have also bought and sold shares of the stock. State Street Corp purchased a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the second quarter worth $440,999,000. Metropolis Capital Ltd lifted its holdings in 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 buying an additional 101,593 shares during the period. Cooke & Bieler LP purchased a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the 3rd quarter valued at approximately $153,350,000. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Sunbelt Rentals Holdings, Inc. Common Stock during the 3rd quarter valued at $92,910,000. Finally, James Hambro & Partners LLP boosted its stake in 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 acquiring an additional 20,294 shares in the last quarter.

Sunbelt Rentals Holdings, Inc. Common Stock Price Performance

Shares of Sunbelt Rentals Holdings, Inc. Common Stock stock opened at $81.62 on Friday. The stock’s fifty day moving average is $76.47 and its 200 day moving average is $74.90. 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 has a one year low of $61.03 and a one year high of $86.68. The stock has a market cap of $33.44 billion and a P/E ratio of 42.51.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) last announced its quarterly earnings data on Wednesday, September 9th. The company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.19. The company had revenue of $3.12 billion for the quarter. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. Sell-side 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 company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 18th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.5%. This is a drop 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 currently 62.50%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on SUNB shares. Morgan Stanley reissued an “overweight” rating on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Monday, September 21st. The Goldman Sachs Group raised Sunbelt Rentals Holdings, Inc. Common Stock from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $78.00 to $93.00 in a research report on Wednesday, September 16th. Wells Fargo & Company initiated coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Monday, August 17th. They issued an “overweight” rating and a $96.00 price target on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $97.00 price objective on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Wednesday, September 16th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $80.00 price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Thursday, September 17th. Nine equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $85.72.

Sunbelt Rentals Holdings, Inc. Common Stock Company Profile

Sunbelt Rentals Holdings, Inc. provides equipment rental and related services to customers in construction, industrial, commercial, infrastructure, government and other markets. Its offerings include general construction equipment and tools, as well as specialty solutions such as aerial work platforms, climate control, power generation, pumps, trench safety and scaffolding. The company serves customers through a network of rental locations across the United States, Canada, the United Kingdom and Ireland.