Andra AP fonden Trims Stock Position in Vertiv Holdings Co. $VRT

Andra AP fonden lessened its stake in shares of Vertiv Holdings Co. (NYSE:VRTFree Report) by 22.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 63,513 shares of the company’s stock after selling 17,960 shares during the period. Andra AP fonden’s holdings in Vertiv were worth $21,265,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp raised its holdings in shares of Vertiv by 4.5% in the second quarter. State Street Corp now owns 16,531,530 shares of the company’s stock valued at $5,535,087,000 after acquiring an additional 704,970 shares in the last quarter. IKE Capital LLC grew its holdings in Vertiv by 194.4% during the 2nd quarter. IKE Capital LLC now owns 7,065 shares of the company’s stock worth $2,365,000 after acquiring an additional 4,665 shares in the last quarter. ABS Direct Equity Fund LLC increased its position in Vertiv by 11.7% during the 2nd quarter. ABS Direct Equity Fund LLC now owns 670 shares of the company’s stock valued at $224,000 after purchasing an additional 70 shares during the period. Miramontes Capital LLC purchased a new position in Vertiv during the 2nd quarter valued at about $387,000. Finally, Capstone Financial Advisors Inc. bought a new stake in shares of Vertiv in the 2nd quarter valued at about $206,000. Institutional investors own 89.92% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on VRT. Piper Sandler set a $375.00 price objective on shares of Vertiv in a research note on Wednesday, July 29th. Zacks Research downgraded shares of Vertiv from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. Citigroup lowered their target price on Vertiv from $414.00 to $358.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Weiss Ratings cut Vertiv from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, August 14th. Finally, Robert W. Baird set a $320.00 price target on Vertiv in a report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $357.83.

View Our Latest Stock Report on Vertiv

Vertiv Stock Up 0.9%

VRT traded up $2.15 during trading on Tuesday, hitting $253.01. The stock had a trading volume of 1,737,745 shares, compared to its average volume of 6,510,323. The stock has a 50 day simple moving average of $269.66 and a two-hundred day simple moving average of $291.51. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.03 and a current ratio of 1.38. Vertiv Holdings Co. has a twelve month low of $133.85 and a twelve month high of $379.93. The company has a market capitalization of $97.41 billion, a PE ratio of 57.37, a PEG ratio of 1.02 and a beta of 2.07.

Vertiv (NYSE:VRTGet Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.09. The business had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $3.38 billion. Vertiv had a return on equity of 50.47% and a net margin of 15.09%.The business’s quarterly revenue was up 24.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.95 earnings per share. Vertiv has set its Q3 2026 guidance at 1.770-1.830 EPS and its FY 2026 guidance at 6.650-6.750 EPS. On average, research analysts predict that Vertiv Holdings Co. will post 6.72 earnings per share for the current year.

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Monday, September 14th will be paid a $0.0625 dividend. The ex-dividend date is Monday, September 14th. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. Vertiv’s dividend payout ratio (DPR) is 5.66%.

Insiders Place Their Bets

In other news, Director Edward Monser sold 15,287 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $253.82, for a total transaction of $3,880,146.34. Following the sale, the director owned 16,500 shares in the company, valued at approximately $4,188,030. The trade was a 48.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.10% of the company’s stock.

Vertiv Company Profile

(Free Report)

Vertiv Holdings Co (NYSE: VRT) designs, manufactures and services critical digital infrastructure that helps data centers, communications networks and other facilities operate reliably and efficiently. Its solutions support the availability, performance and growth of information technology systems.

The company’s products and services include power management and distribution equipment, uninterruptible power supplies, thermal management and cooling systems, racks and integrated infrastructure, monitoring and management software, and lifecycle services.

See Also

Institutional Ownership by Quarter for Vertiv (NYSE:VRT)

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