denkapparat Operations GmbH bought a new stake in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,634 shares of the company’s stock, valued at approximately $210,000.
Several other hedge funds have also recently added to or reduced their stakes in VRT. Central Asset Investments & Management Holdings HK Ltd bought a new stake in shares of Vertiv in the 2nd quarter valued at $648,000. Forsta AP Fonden boosted its position in Vertiv by 1.2% during the second quarter. Forsta AP Fonden now owns 74,711 shares of the company’s stock valued at $9,594,000 after acquiring an additional 900 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in Vertiv by 24.2% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 192,537 shares of the company’s stock valued at $24,724,000 after acquiring an additional 37,455 shares during the last quarter. National Pension Service grew its holdings in Vertiv by 0.7% during the 2nd quarter. National Pension Service now owns 616,052 shares of the company’s stock worth $79,107,000 after acquiring an additional 4,282 shares during the period. Finally, Davidson Capital Management Inc. raised its position in shares of Vertiv by 33.8% in the 2nd quarter. Davidson Capital Management Inc. now owns 35,092 shares of the company’s stock worth $4,506,000 after acquiring an additional 8,858 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the company. Barclays upped their target price on Vertiv from $145.00 to $170.00 and gave the company an “equal weight” rating in a research report on Thursday, October 23rd. Zacks Research upgraded Vertiv from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. Deutsche Bank Aktiengesellschaft set a $216.00 price objective on shares of Vertiv and gave the company a “buy” rating in a research note on Wednesday, October 15th. Mizuho boosted their target price on shares of Vertiv from $165.00 to $198.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Finally, Oppenheimer raised their price target on shares of Vertiv from $190.00 to $195.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $177.81.
Vertiv Stock Performance
Shares of VRT stock opened at $173.28 on Thursday. The company has a current ratio of 1.83, a quick ratio of 1.43 and a debt-to-equity ratio of 0.83. The firm has a fifty day simple moving average of $162.65 and a two-hundred day simple moving average of $134.81. Vertiv Holdings Co. has a 12 month low of $53.60 and a 12 month high of $202.45. The firm has a market capitalization of $66.25 billion, a PE ratio of 65.39, a price-to-earnings-growth ratio of 1.45 and a beta of 1.87.
Vertiv (NYSE:VRT – Get Free Report) last released its quarterly earnings data on Wednesday, October 22nd. The company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.25. The firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.59 billion. Vertiv had a net margin of 10.67% and a return on equity of 50.82%. The business’s quarterly revenue was up 29.0% compared to the same quarter last year. During the same period last year, the firm earned $0.76 earnings per share. Vertiv has set its Q4 2025 guidance at 1.230-1.290 EPS. FY 2025 guidance at 4.070-4.130 EPS. Analysts forecast that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.
Vertiv Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Monday, September 15th were issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Monday, September 15th. Vertiv’s payout ratio is currently 5.66%.
Insider Activity
In other news, Director Steven Reinemund sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $128.22, for a total value of $12,822,000.00. Following the transaction, the director owned 133,333 shares in the company, valued at $17,095,957.26. This trade represents a 42.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul Ryan sold 22,218 shares of the company’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $127.34, for a total value of $2,829,240.12. Following the sale, the insider owned 12,803 shares of the company’s stock, valued at $1,630,334.02. This trade represents a 63.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 139,298 shares of company stock worth $17,770,188 over the last 90 days. 2.63% of the stock is currently owned by corporate insiders.
About Vertiv
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.
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