StoneX Group Inc. Buys New Holdings in Sunbelt Rentals Holdings, Inc. Common Stock $SUNB

StoneX Group Inc. acquired a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 6,502 shares of the company’s stock, valued at approximately $472,000.

A number of other hedge funds and other institutional investors have also modified their holdings of SUNB. Parallel Advisors LLC increased its position in Sunbelt Rentals Holdings, Inc. Common Stock by 6.2% during the third quarter. Parallel Advisors LLC now owns 2,774 shares of the company’s stock worth $203,000 after purchasing an additional 162 shares during the last quarter. Heritage Family Offices LLP acquired a new stake in Sunbelt Rentals Holdings, Inc. Common Stock during the third quarter worth $73,000. Alta Advisers Ltd purchased a new stake in Sunbelt Rentals Holdings, Inc. Common Stock in the third quarter valued at $224,000. Chicago Partners Investment Group LLC acquired a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock in the 3rd quarter valued at $219,000. Finally, Ascent Group LLC increased its position in shares of Sunbelt Rentals Holdings, Inc. Common Stock by 3.0% during the 3rd quarter. Ascent Group LLC now owns 96,614 shares of the company’s stock worth $7,073,000 after purchasing an additional 2,832 shares during the last quarter.

Analyst Upgrades and Downgrades

SUNB has been the topic of a number of research analyst reports. KeyCorp boosted their price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, September 10th. Wells Fargo & Company assumed coverage on Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Monday, August 17th. They set an “overweight” rating and a $96.00 target price on the stock. Royal Bank Of Canada reiterated a “sector perform” rating and set a $80.00 price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Thursday, September 17th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $97.00 target price on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Wednesday, September 16th. Finally, Bank of America boosted their price target on shares of 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. Nine research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Sunbelt Rentals Holdings, Inc. Common Stock currently has an average rating of “Hold” and a consensus target price of $85.72.

Sunbelt Rentals Holdings, Inc. Common Stock Trading Down 2.0%

NYSE:SUNB opened at $81.62 on Friday. Sunbelt Rentals Holdings, Inc. Common Stock has a 12 month low of $61.03 and a 12 month high of $86.68. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.94 and a quick ratio of 0.87. The business’s fifty day moving average price is $76.47 and its 200 day moving average price is $74.90.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) last released its quarterly earnings data on Wednesday, September 9th. The company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.19. The business had revenue of $3.12 billion during the quarter. The company’s quarterly revenue was up 11.2% on a year-over-year basis. Analysts anticipate 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 announced 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 represents a $1.20 dividend on an annualized basis and a dividend yield of 1.5%. This is a decrease from Sunbelt Rentals Holdings, Inc. Common Stock’s previous quarterly dividend of $0.75. The ex-dividend date was Friday, September 18th. Sunbelt Rentals Holdings, Inc. Common Stock’s payout ratio is presently 62.50%.

About Sunbelt Rentals Holdings, Inc. Common Stock

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.