Maxi Investments CY Ltd lessened its holdings in Vertiv Holdings Co. (NYSE:VRT – Free Report) by 86.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 750 shares of the company’s stock after selling 4,650 shares during the quarter. Maxi Investments CY Ltd’s holdings in Vertiv were worth $181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently bought and sold shares of the business. Jupiter Topco LLC bought a new stake in shares of Vertiv during the 2nd quarter worth $441,083,000. State Street Corp boosted its holdings in shares of Vertiv by 4.5% in the 2nd quarter. State Street Corp now owns 16,531,530 shares of the company’s stock worth $5,535,087,000 after buying an additional 704,970 shares during the last quarter. Bank of New York Mellon Corp grew its position in Vertiv by 33.7% during the first quarter. Bank of New York Mellon Corp now owns 2,410,642 shares of the company’s stock valued at $604,059,000 after buying an additional 608,176 shares during the period. Wellington Management Group LLP grew its position in Vertiv by 14.1% during the second quarter. Wellington Management Group LLP now owns 3,794,360 shares of the company’s stock valued at $1,270,428,000 after buying an additional 468,380 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in Vertiv by 4,431.3% during the first quarter. Principal Financial Group Inc. now owns 432,873 shares of the company’s stock worth $108,469,000 after buying an additional 423,320 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have commented on the stock. The Goldman Sachs Group lowered their price objective on shares of Vertiv from $352.00 to $301.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Weiss Ratings downgraded shares of Vertiv from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, August 14th. Loop Capital decreased their price target on shares of Vertiv from $500.00 to $400.00 and set a “buy” rating for the company in a research note on Friday, July 31st. HSBC decreased their price target on shares of Vertiv from $376.00 to $365.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Finally, Mizuho lowered their price target on shares of Vertiv from $300.00 to $280.00 and set an “outperform” rating on the stock in a report on Thursday, October 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $335.67.
Get Our Latest Stock Report on VRT
Vertiv Stock Up 2.9%
VRT stock opened at $199.93 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.03 and a current ratio of 1.38. The company has a market capitalization of $76.97 billion, a price-to-earnings ratio of 45.23, a PEG ratio of 0.72 and a beta of 2.05. Vertiv Holdings Co. has a fifty-two week low of $147.82 and a fifty-two week high of $379.93. The stock has a fifty day moving average of $247.74 and a 200-day moving average of $267.52.
Vertiv (NYSE:VRT – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.09. Vertiv had a return on equity of 50.47% and a net margin of 15.09%. The company had revenue of $3.27 billion during the quarter, compared to analyst estimates of $3.38 billion. During the same quarter last year, the firm posted $0.95 EPS. The firm’s revenue for the quarter was up 24.1% on a year-over-year basis. Vertiv has set its Q3 2026 guidance at 1.770-1.830 EPS and its FY 2026 guidance at 6.650-6.750 EPS. As a group, equities research analysts predict that Vertiv Holdings Co. will post 6.71 earnings per share for the current year.
Vertiv Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Monday, September 14th were given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Monday, September 14th. Vertiv’s dividend payout ratio (DPR) is currently 5.66%.
Insiders Place Their Bets
In other news, Director Edward Monser sold 15,287 shares of Vertiv stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $253.82, for a total value of $3,880,146.34. Following the completion of the transaction, the director owned 16,500 shares in the company, valued at $4,188,030. This trade represents a 48.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is owned by corporate insiders.
Vertiv Profile
Vertiv Holdings Co (NYSE: VRT) designs, manufactures and services critical digital infrastructure that supports data centers, communication networks and other facilities requiring reliable power and environmental control. Its solutions are used by cloud and colocation providers, telecommunications companies, enterprises, industrial organizations and edge-computing operators.
The company’s offerings include uninterruptible power supplies, power distribution and management systems, thermal-management and cooling equipment, integrated racks and enclosures, modular infrastructure, and monitoring and control software.
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