Sumitomo Mitsui DS Asset Management Company 13F: New $3.1M Stake in SUNB

Sumitomo Mitsui DS Asset Management Company opened a new stake in Sunbelt Rentals Holdings, Inc. (NYSE: SUNB), purchasing 42,822 shares valued at about $3.1 million. According to a Form 13F filed with the SEC on October 20, 2026, the firm previously held zero shares in the company. Sunbelt Rentals shares closed at $77.00 on the filing date.

SUNB Sunbelt Rentals Holdings, Inc.

$77 ▲ +7.38% past 3 months

1M 3M

Daily close · Oct 20, 2026

What Changed in Sumitomo Mitsui DS Asset Management's Sunbelt Rentals Holdings, Inc. Position

The asset management firm initiated a brand-new position in the equipment rental provider by acquiring 42,822 shares. The reported value of the holding reached $3.1 million at the time of the filing. Because this was a new investment, there was no previous share count or percentage change to report.

Other Institutional Activity in Sunbelt Rentals Holdings, Inc.

Other major investment firms made notable adjustments to their Sunbelt Rentals positions during the second quarter. Dodge & Cox Inc. grew its holdings by 1,662,017 shares, ending with 54,761,610 shares worth about $4.2 billion. Harris Associates L.P. reduced its stake by 1,192,125 shares to finish with 10,461,105 shares valued at roughly $805.5 million. Rothschild & Co Wealth Management Uk Ltd added 142,145 shares for a total of 8,653,829 shares worth about $666.3 million. Principal Financial Group, Inc. raised its holdings by 1,323,470 shares, closing the period with 7,934,212 shares valued at approximately $610.9 million.

Sunbelt Rentals Holdings, Inc. Stock Up 1.3%

Sunbelt Rentals shares recently traded around $77.00 as of October 21, 2026, putting the stock right around its event-day close of $77.00. The shares trade above their 50-day moving average of $75.03 and their 200-day moving average of $74.24. The stock sits 11.2% below its 52-week high of $86.68 and 26.2% above its 52-week low of $61.03. The company carries a market capitalization of $31.1 billion and a trailing P/E ratio of 22.9.

Recent Earnings

For its trailing twelve-month period, the company posted $11.5 billion in revenue alongside earnings of $3.31 per share. Sunbelt Rentals generated a return on equity of 18.4% and a net profit margin of 12.1%. Year-over-year revenue growth reached 11.2%. The company's next quarterly financial report is scheduled for release on December 9, 2026.

Dividend

The company pays an annual dividend rate of $1.05 per share, translating to a dividend yield of 1.39%. Its dividend payout ratio stands at 22.6%, meaning a modest portion of earnings goes toward shareholder payouts.

Insider Buying and Selling at Sunbelt Rentals Holdings, Inc.

Officer Kyle Horgan purchased 25 shares of Sunbelt Rentals stock on October 1, 2026, at an average price of $73.30 for a total value of $1,863.

Analysts Set New Price Targets

Wall Street firms have actively reviewed the stock ahead of upcoming reports. On September 10, 2026, JP Morgan maintained its underweight rating and raised its price target from $71.00 to $79.00. Keybanc kept an overweight rating while boosting its target from $85.00 to $90.00. B of A Securities maintained an underperform rating and lifted its target from $62.00 to $71.00. On September 17, 2026, RBC Capital reiterated a sector perform rating with a flat target of $80.00, while Goldman Sachs upgraded the stock to a buy rating and raised its target from $78.00 to $93.00. Overall, the stock holds a consensus buy recommendation from 15 analysts with a mean price target of $88.57.

About Sunbelt Rentals Holdings, Inc.

Sunbelt Rentals Holdings, Inc. operates an equipment rental business, providing construction, industrial, and general tools to customers across the United States, the United Kingdom, and Canada. The company serves commercial and industrial markets through specialized divisions, making its fleet a key barometer for broader construction and industrial activity.

Bottom Line

Institutional interest in Sunbelt Rentals remains active as the company approaches its next earnings announcement on December 9, 2026. Investors continue to monitor how shifting industrial demand influences the rental provider's margins and share price relative to analyst targets.