Mediolanum International Funds Ltd Sells 61,434 Shares of Vertiv Holdings Co. $VRT

Mediolanum International Funds Ltd trimmed its holdings in Vertiv Holdings Co. (NYSE:VRT) by 30.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,546 shares of the company’s stock after selling 61,434 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Vertiv were worth $17,745,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of VRT. Amundi lifted its stake in shares of Vertiv by 96.8% in the 1st quarter. Amundi now owns 6,951,773 shares of the company’s stock worth $469,490,000 after purchasing an additional 3,420,144 shares during the period. 1832 Asset Management L.P. raised its position in Vertiv by 985.3% in the first quarter. 1832 Asset Management L.P. now owns 2,301,700 shares of the company’s stock worth $166,183,000 after acquiring an additional 2,089,612 shares during the period. Nordea Investment Management AB boosted its stake in shares of Vertiv by 100.1% during the 2nd quarter. Nordea Investment Management AB now owns 3,246,769 shares of the company’s stock worth $415,132,000 after acquiring an additional 1,624,456 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Vertiv by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 37,715,159 shares of the company’s stock worth $2,723,034,000 after acquiring an additional 1,359,070 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of Vertiv during the 1st quarter valued at $77,820,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Insider Activity

In other news, Director Jakki L. Haussler sold 15,680 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $123.92, for a total transaction of $1,943,065.60. Following the transaction, the director owned 4,631 shares of the company’s stock, valued at approximately $573,873.52. The trade was a 77.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Steven Reinemund sold 100,000 shares of the stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $128.22, for a total transaction of $12,822,000.00. Following the completion of the sale, the director directly owned 133,333 shares in the company, valued at approximately $17,095,957.26. This represents a 42.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 139,298 shares of company stock valued at $17,770,188 in the last ninety days. Insiders own 2.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Rothschild Redb upgraded Vertiv to a “hold” rating in a research note on Wednesday, August 20th. Glj Research started coverage on shares of Vertiv in a research report on Tuesday, August 19th. They set a “sell” rating and a $112.00 price objective on the stock. Cowen set a $210.00 target price on shares of Vertiv in a report on Thursday, October 23rd. Oppenheimer raised their price target on Vertiv from $190.00 to $195.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Finally, Zacks Research upgraded Vertiv from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $177.81.

Vertiv Price Performance

Shares of Vertiv stock opened at $159.77 on Friday. The firm has a market cap of $61.09 billion, a PE ratio of 60.29, a PEG ratio of 1.30 and a beta of 1.87. Vertiv Holdings Co. has a 12 month low of $53.60 and a 12 month high of $202.45. The stock has a 50 day moving average of $167.69 and a 200 day moving average of $138.15. The company has a current ratio of 1.83, a quick ratio of 1.43 and a debt-to-equity ratio of 0.83.

Vertiv (NYSE:VRT) last posted its earnings results 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. Vertiv had a net margin of 10.67% and a return on equity of 50.82%. The firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.59 billion. During the same period last year, the firm posted $0.76 earnings per share. Vertiv’s revenue for the quarter was up 29.0% compared to the same quarter last year. Vertiv has set its Q4 2025 guidance at 1.230-1.290 EPS. FY 2025 guidance at 4.070-4.130 EPS. On average, research analysts expect that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Tuesday, November 25th will be given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.2%. This is a boost from Vertiv’s previous quarterly dividend of $0.04. The ex-dividend date is Tuesday, November 25th. Vertiv’s dividend payout ratio (DPR) is currently 4.15%.

Vertiv 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.