59,054 Vertiv Holdings Co. $VRT Shares Bought by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its Vertiv stake by 82.6% in the third quarter, buying 59,054 additional shares and bringing its holdings to 130,551 shares valued at approximately $31.5 million. Institutional investors collectively own 89.92% of Vertiv.
• Wall Street remains broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $335.67, despite some analysts trimming targets.
• Vertiv shares opened at $206.07, down 4%, and remain well below their 12-month high of $379.93. The company reported quarterly EPS of $1.52, beating estimates, while revenue rose 24.1% year over year to $3.27 billion.

Assenagon Asset Management S.A. increased its position in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 82.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 130,551 shares of the company's stock after buying an additional 59,054 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Vertiv were worth $31,503,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Perpetual Ltd boosted its stake in Vertiv by 6,110.5% during the third quarter. Perpetual Ltd now owns 114,397 shares of the company's stock worth $27,605,000 after buying an additional 112,555 shares in the last quarter. Ritholtz Wealth Management increased its holdings in Vertiv by 137.5% in the 1st quarter. Ritholtz Wealth Management now owns 7,238 shares of the company's stock valued at $1,814,000 after buying an additional 4,190 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Vertiv by 536.3% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 76,358 shares of the company's stock valued at $19,134,000 after buying an additional 64,358 shares in the last quarter. NBZ Investment Advisors LLC acquired a new position in shares of Vertiv in the 1st quarter valued at $1,204,000. Finally, LDR Capital Management LLC raised its stake in shares of Vertiv by 111.5% in the 3rd quarter. LDR Capital Management LLC now owns 13,749 shares of the company's stock valued at $3,318,000 after buying an additional 7,248 shares in the last quarter. Institutional investors own 89.92% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on VRT. Sanford C. Bernstein reiterated an "outperform" rating on shares of Vertiv in a research report on Monday, September 28th. UBS Group reissued a "buy" rating and issued a $370.00 target price on shares of Vertiv in a research note on Thursday, July 30th. BNP Paribas Exane dropped their price target on shares of Vertiv from $380.00 to $365.00 and set an "outperform" rating for the company in a research report on Friday, July 31st. Wells Fargo & Company started coverage on shares of Vertiv in a research note on Thursday, September 24th. They set an "overweight" rating and a $340.00 price target for the company. Finally, Robert W. Baird set a $320.00 price target on shares of Vertiv and gave the stock an "outperform" rating in a research note on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $335.67.

Insider Buying and Selling at Vertiv

In other news, Director Edward Monser sold 15,287 shares of Vertiv stock in a transaction that occurred on 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 approximately $4,188,030. The trade was a 48.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.10% of the company's stock.

Vertiv Trading Down 4.0%

Shares of Vertiv stock opened at $206.07 on Friday. The stock has a market capitalization of $79.34 billion, a P/E ratio of 46.62, a price-to-earnings-growth ratio of 0.77 and a beta of 2.05. The company has a quick ratio of 1.03, a current ratio of 1.38 and a debt-to-equity ratio of 0.62. The company has a 50-day simple moving average of $255.71 and a 200 day simple moving average of $288.75. Vertiv Holdings Co. has a 12-month low of $147.82 and a 12-month high of $379.93.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.09. The firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.38 billion. Vertiv had a net margin of 15.09% and a return on equity of 50.47%. The firm's quarterly revenue was up 24.1% on a year-over-year basis. During the same period last year, the firm posted $0.95 EPS. Vertiv has set its Q3 2026 guidance at 1.770-1.830 EPS and its FY 2026 guidance at 6.650-6.750 EPS. Research analysts expect that Vertiv Holdings Co. will post 6.73 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Monday, September 14th were issued a dividend of $0.0625 per share. The ex-dividend date of this dividend was Monday, September 14th. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. Vertiv's dividend payout ratio (DPR) is presently 5.66%.

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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