ASR Vermogensbeheer N.V. 13F: Cuts SUNB Stake by $32M

ASR Vermogensbeheer N.V. cut its stake in Sunbelt Rentals Holdings, Inc. (NYSE: SUNB) by 90.7% in a filing on October 16, 2026. The fund reduced its shares from 479,725 to 44,644, valuing its remaining investment at about $3.27 million.

What Changed in ASR Vermogensbeheer's Sunbelt Rentals Position

ASR Vermogensbeheer significantly reduced its holdings, selling off 435,081 shares. This marks a notable shift in their investment strategy regarding Sunbelt Rentals.

Other Institutional Activity in Sunbelt Rentals

Other funds have remained active as well. Dodge & Cox Inc. increased its stake by 1,662,017 shares, bringing its total to 54,761,610 shares worth approximately $4.16 billion. Vanguard Capital Management LLC also added 4,559,547 shares, totaling 30,658,847 shares valued at about $2.33 billion. Meanwhile, Blackrock Inc. notably boosted its holdings by 14,680,354 shares, now holding 15,155,059 shares worth around $1.15 billion, while Wellington Management Group, LLP slightly decreased its position by 163,838 shares.

Sunbelt Rentals Holdings, Inc. Stock Up 0.1%

The stock of Sunbelt Rentals recently traded around $76.59, which is above its 50-day moving average by 1.8% and its 200-day average by 3.2%. However, it is still below its 52-week high of $86.68 by about 11.6%. The current market position suggests some caution as the stock also trades below its mean target price of $88.57.

Recent Earnings

In its latest trailing twelve months, Sunbelt Rentals reported revenue of approximately $11.47 billion with an EPS of $3.31. The company's revenue growth year-over-year stood at 11.2%, while it posted a net margin of 12.1%. The next earnings report is expected on December 9, 2026.

Insider Buying and Selling at Sunbelt Rentals Holdings, Inc.

On October 1, 2026, Kyle Horgan, an officer at Sunbelt Rentals, bought 25 shares at an average price of $73.30, totaling about $1,863. This transaction occurred before ASR Vermogensbeheer's filing.

Analysts Set New Price Targets

On September 10, 2026, JP Morgan maintained an Underweight rating on Sunbelt Rentals with a target price of $79. Keybanc also maintained an Overweight rating, raising its target to $90 from $85. On September 17, Goldman Sachs upgraded its rating to Buy, setting a new target of $93, up from $78.

About Sunbelt Rentals

Sunbelt Rentals Holdings, Inc. focuses on renting construction and industrial equipment across the U.S., U.K., and Canada. As one of the largest equipment rental companies, it plays a crucial role in the growing infrastructure and construction sectors.

Bottom Line

ASR Vermogensbeheer's significant reduction in its Sunbelt Rentals stake reflects a change in its investment outlook. Investors should keep an eye on the next earnings date on December 9, 2026, and monitor any further institutional activity following this significant cut. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.