Allspring Global Investments Holdings LLC Increases Stake in Vertiv Holdings Co. $VRT

Allspring Global Investments Holdings LLC raised its holdings in shares of Vertiv Holdings Co. (NYSE:VRT) by 7.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 316,057 shares of the company’s stock after acquiring an additional 21,565 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.08% of Vertiv worth $38,730,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of VRT. GW&K Investment Management LLC bought a new position in Vertiv in the 1st quarter worth $26,000. SouthState Corp purchased a new stake in Vertiv in the first quarter worth about $27,000. Sachetta LLC lifted its position in shares of Vertiv by 242.0% during the 1st quarter. Sachetta LLC now owns 448 shares of the company’s stock valued at $32,000 after buying an additional 317 shares in the last quarter. Banque Transatlantique SA purchased a new position in shares of Vertiv during the 1st quarter valued at about $33,000. Finally, DiNuzzo Private Wealth Inc. increased its holdings in Vertiv by 780.0% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 264 shares of the company’s stock worth $34,000 after acquiring an additional 234 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.

Insider Buying and Selling

In other Vertiv news, insider Karsten Winther sold 41,654 shares of the business’s stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $134.21, for a total transaction of $5,590,383.34. Following the transaction, the insider owned 18,848 shares in the company, valued at $2,529,590.08. The trade was a 68.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jakki L. Haussler sold 15,680 shares of the stock in a transaction on Monday, September 8th. The shares were sold at an average price of $123.92, for a total transaction of $1,943,065.60. Following the completion of the sale, the director directly owned 4,631 shares in the company, valued at approximately $573,873.52. This represents a 77.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 180,952 shares of company stock worth $23,360,571 in the last 90 days. Company insiders own 2.63% of the company’s stock.

Wall Street Analysts Forecast Growth

VRT has been the topic of several analyst reports. Mizuho lifted their price target on shares of Vertiv from $125.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, July 16th. Wolfe Research reiterated an “outperform” rating and issued a $155.00 price target on shares of Vertiv in a research note on Thursday, July 10th. Barclays boosted their price objective on Vertiv from $128.00 to $145.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 1st. JPMorgan Chase & Co. upped their price objective on Vertiv from $150.00 to $206.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Wall Street Zen raised Vertiv from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 21st. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $157.90.

Vertiv Trading Up 3.0%

Shares of Vertiv stock opened at $180.33 on Thursday. The company has a quick ratio of 1.35, a current ratio of 1.74 and a debt-to-equity ratio of 0.93. The firm has a market cap of $68.86 billion, a price-to-earnings ratio of 86.28, a PEG ratio of 1.51 and a beta of 1.84. Vertiv Holdings Co. has a twelve month low of $53.60 and a twelve month high of $184.44. The business has a 50-day moving average price of $141.77 and a 200-day moving average price of $118.45.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, July 30th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.12. The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.36 billion. Vertiv had a net margin of 8.93% and a return on equity of 51.64%. Vertiv’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same period last year, the firm posted $0.67 earnings per share. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. Equities research analysts anticipate that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Monday, September 15th were issued a $0.0375 dividend. The ex-dividend date was Monday, September 15th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.1%. Vertiv’s payout ratio is 7.18%.

Vertiv Company Profile

Vertiv Holdings Co, together with its subsidiaries, designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.