Corsair Capital Management L.P. reduced its stake in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) by 13.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 577,152 shares of the company’s stock after selling 86,900 shares during the quarter. Vertiv comprises about 19.5% of Corsair Capital Management L.P.’s holdings, making the stock its 2nd largest position. Corsair Capital Management L.P.’s holdings in Vertiv were worth $144,623,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Norges Bank acquired a new position in Vertiv during the 4th quarter worth $808,701,000. Marshall Wace LLP boosted its position in Vertiv by 265.6% in the 4th quarter. Marshall Wace LLP now owns 2,670,007 shares of the company’s stock valued at $432,568,000 after buying an additional 1,939,749 shares during the last quarter. Alkeon Capital Management LLC increased its stake in shares of Vertiv by 178.2% in the 4th quarter. Alkeon Capital Management LLC now owns 2,003,110 shares of the company’s stock valued at $324,524,000 after buying an additional 1,283,110 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Vertiv by 49.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,811,114 shares of the company’s stock valued at $361,033,000 after buying an additional 930,158 shares during the period. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Vertiv during the third quarter worth $125,331,000. Institutional investors and hedge funds own 89.92% of the company’s stock.
Trending Headlines about Vertiv
Here are the key news stories impacting Vertiv this week:
- Positive Sentiment: KeyCorp upgraded Vertiv to “strong-buy”, a vote of confidence that signals analysts see more upside in the stock. Zacks.com
- Positive Sentiment: Vertiv is being highlighted as a leading AI infrastructure play, with Zacks arguing investors may prefer infrastructure names like VRT over AI chips and mega-cap tech for exposure to the AI boom. Article Title
- Positive Sentiment: Investors are anticipating Vertiv’s upcoming Q2 earnings, with expectations for strong revenue and EPS growth driven by AI-related demand, partnerships, and expansion efforts. Article Title
- Positive Sentiment: Vertiv announced it is expanding manufacturing and testing capacity at its Tognana campus near Padua, which could help it meet growing demand and support future sales. Article Title
- Positive Sentiment: The company also announced a deployment supporting the Naval Postgraduate School’s NVIDIA DGX GB300 system, showcasing Vertiv’s integrated power, liquid cooling, rack infrastructure, and installation services for high-density AI systems. Article Title
- Neutral Sentiment: Recent articles note that Vertiv’s rally has cooled after a big run-up, with the stock pulling back from prior gains; this suggests some profit-taking, though the longer-term growth story remains intact. Article Title
- Negative Sentiment: One recent note said Vertiv dipped more than the broader market in the latest session, reflecting short-term volatility despite the strong fundamental backdrop. Article Title
Analysts Set New Price Targets
Read Our Latest Stock Analysis on VRT
Vertiv Stock Performance
Shares of NYSE:VRT opened at $290.29 on Monday. The firm’s 50 day simple moving average is $313.24 and its 200 day simple moving average is $274.74. Vertiv Holdings Co. has a fifty-two week low of $118.70 and a fifty-two week high of $379.93. The company has a market capitalization of $111.50 billion, a price-to-earnings ratio of 72.94, a P/E/G ratio of 1.25 and a beta of 2.03. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.49 and a quick ratio of 1.15.
Vertiv Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 15th were paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Monday, June 15th. Vertiv’s dividend payout ratio is presently 6.28%.
Vertiv Company Profile
Vertiv is a global provider of critical digital infrastructure and continuity solutions for data centers, communication networks and commercial and industrial environments. Headquartered in Columbus, Ohio, the company designs, manufactures and services equipment and software that support power availability, thermal management and IT infrastructure management for a broad set of end markets, including hyperscale and enterprise data centers, colocation providers, telecom operators and industrial customers.
The company’s product portfolio includes uninterruptible power supplies (UPS), power distribution units (PDUs), battery and DC power systems, precision cooling and thermal management equipment, racks and enclosures, and integrated modular infrastructure.
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