Vertiv Holdings Co. $VRT Shares Sold by Legal & General Group Plc

Legal & General Group Plc trimmed its holdings in shares of Vertiv Holdings Co. (NYSE:VRTFree Report) by 3.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,036,275 shares of the company’s stock after selling 74,577 shares during the period. Legal & General Group Plc’s holdings in Vertiv were worth $329,897,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Vertiv during the 4th quarter worth approximately $29,000. Park Place Capital Corp raised its stake in shares of Vertiv by 624.0% during the 4th quarter. Park Place Capital Corp now owns 181 shares of the company’s stock worth $29,000 after buying an additional 156 shares during the period. Cullen Frost Bankers Inc. raised its stake in shares of Vertiv by 98.9% during the 4th quarter. Cullen Frost Bankers Inc. now owns 187 shares of the company’s stock worth $30,000 after buying an additional 93 shares during the period. Measured Wealth Private Client Group LLC acquired a new position in shares of Vertiv during the 3rd quarter worth approximately $30,000. Finally, Foster Dykema Cabot & Partners LLC acquired a new position in shares of Vertiv during the 3rd quarter worth approximately $31,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Vertiv news, EVP Anders Karlborg sold 30,487 shares of the firm’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $246.92, for a total value of $7,527,850.04. Following the completion of the sale, the executive vice president directly owned 34,746 shares of the company’s stock, valued at $8,579,482.32. This trade represents a 46.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Edward L. Monser sold 77,294 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $245.49, for a total value of $18,974,904.06. Following the completion of the sale, the director directly owned 16,500 shares of the company’s stock, valued at $4,050,585. This trade represents a 82.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 489,761 shares of company stock worth $123,356,815. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on VRT shares. Mizuho set a $380.00 target price on Vertiv in a research note on Thursday, May 21st. HSBC started coverage on Vertiv in a research note on Wednesday, March 25th. They set a “buy” rating and a $325.00 target price for the company. Wall Street Zen downgraded Vertiv from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Zacks Research raised Vertiv from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 21st. Finally, Weiss Ratings downgraded Vertiv from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Vertiv has an average rating of “Moderate Buy” and an average target price of $322.32.

Get Our Latest Stock Analysis on Vertiv

Vertiv Stock Down 1.0%

NYSE VRT opened at $324.33 on Wednesday. The business has a fifty day moving average price of $302.91 and a 200 day moving average price of $232.21. Vertiv Holdings Co. has a one year low of $104.71 and a one year high of $379.93. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.15 and a current ratio of 1.49. The company has a market cap of $124.58 billion, a P/E ratio of 81.49, a P/E/G ratio of 1.40 and a beta of 2.09.

Vertiv (NYSE:VRTGet Free Report) last issued its earnings results on Wednesday, April 22nd. The company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.17. Vertiv had a return on equity of 49.90% and a net margin of 14.37%.The business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.63 billion. During the same period last year, the company earned $0.64 EPS. The company’s revenue for the quarter was up 30.1% on a year-over-year basis. Vertiv has set its Q2 2026 guidance at 1.370-1.430 EPS and its FY 2026 guidance at 6.300-6.400 EPS. Research analysts anticipate that Vertiv Holdings Co. will post 6.42 EPS for the current fiscal year.

Vertiv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Tuesday, March 17th were paid a $0.0625 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.1%. Vertiv’s dividend payout ratio (DPR) is 6.28%.

About Vertiv

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Vertiv (NYSE:VRT)

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