Allspring Global Investments Holdings LLC Sells 377,633 Shares of Vertiv Holdings Co. $VRT

Key Points

• Allspring cut its Vertiv position by 46.3% in the third quarter, selling 377,633 shares. It retained 437,915 shares, valued at about $107.8 million at quarter-end.
• Vertiv reported quarterly earnings of $2.21 per share, beating the $1.82 consensus estimate, while revenue rose 61.2% year over year to $4.31 billion.
• Vertiv shares opened at $200.62, below their 50-day and 200-day moving averages. Analysts’ average price target was $337.78, and the stock held a “Moderate Buy” consensus rating.

Allspring Global Investments Holdings LLC decreased its position in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 46.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 437,915 shares of the company's stock after selling 377,633 shares during the period. Allspring Global Investments Holdings LLC owned about 0.11% of Vertiv worth $107,780,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of VRT. State Street Corp grew its holdings in Vertiv by 4.5% during the 2nd quarter. State Street Corp now owns 16,531,530 shares of the company's stock worth $5,535,087,000 after acquiring an additional 704,970 shares in the last quarter. Wellington Management Group LLP raised its stake 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 in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Vertiv by 1.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,709,276 shares of the company's stock worth $678,890,000 after buying an additional 51,328 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Vertiv by 33.7% during the 1st quarter. Bank of New York Mellon Corp now owns 2,410,642 shares of the company's stock worth $604,059,000 after buying an additional 608,176 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in Vertiv by 1.1% during the 2nd quarter. Legal & General Group Plc now owns 2,138,967 shares of the company's stock worth $716,169,000 after buying an additional 23,444 shares during the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Price Performance

VRT opened at $200.62 on Tuesday. The stock has a fifty day moving average of $235.86 and a 200-day moving average of $269.84. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $77.24 billion, a P/E ratio of 32.83, a PEG ratio of 0.65 and a beta of 2.11. 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 posted its quarterly earnings results on Wednesday, October 28th. The company reported $2.21 EPS for the quarter, topping the consensus estimate of $1.82 by $0.39. The business had revenue of $4.31 billion during the quarter, compared to analysts' expectations of $3.75 billion. Vertiv had a net margin of 15.99% and a return on equity of 53.31%. The firm's quarterly revenue was up 61.2% compared to the same quarter last year. During the same period last year, the company posted $1.24 earnings per share. Equities analysts forecast that Vertiv Holdings Co. will post 7.17 EPS for the current fiscal year.

Vertiv Announces Dividend

The firm also recently declared 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 was Monday, September 14th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.1%. Vertiv's dividend payout ratio (DPR) is currently 4.67%.

Trending Headlines about Vertiv

Here are the key news stories impacting Vertiv this week:

• Positive Sentiment: Anthropic’s IPO filing points to roughly $895 billion in computing and lease commitments, including facilities developed by outside partners. Vertiv is among the companies positioned to supply data-center cooling, and the article notes that Vertiv and two other infrastructure providers each grew third-quarter revenue by at least 57%. Anthropic's S-1 Says It Will Expand Its Data Center Footprint
• Positive Sentiment: A bullish analysis points to triple-digit order growth, improving margins, and durable AI-compute demand as potential growth drivers through 2027. That supports the case that data-center investment can continue to benefit Vertiv. Vertiv: Double Down Buy Opportunity
• Neutral Sentiment: Coverage describes VRT as testing a closely watched support area after a pullback, with strong earnings performance contrasting with a softer market. This may help explain near-term trading, but the article’s headline does not establish a fundamental catalyst. VRT Price Prediction: Pullback into a heavily watched support band
• Neutral Sentiment: Another valuation article argues that Vertiv may be below fair value after recent deals and launches involving grid interconnection, liquid cooling, and AI-focused offerings. It also notes that substantial past gains mean high expectations are already embedded in the stock. Vertiv Stock Looks Below Fair Value After Recent Deals
• Negative Sentiment: Permitting disputes could delay data-center construction, threatening the projects that require Vertiv’s cooling and power systems. Separately, one analysis frames the selloff as concern about demand in 2028, despite a strong 2027 outlook. AI Data Center Pipeline Could Dry Up The Print Was About 2027, The Selloff Is About 2028

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Bank of America decreased their target price on Vertiv from $440.00 to $375.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Mizuho set a $300.00 price target on Vertiv in a research report on Thursday, October 29th. Piper Sandler set a $375.00 price objective on shares of Vertiv in a research report on Wednesday, July 29th. Jefferies Financial Group decreased their target price on shares of Vertiv from $320.00 to $245.00 and set a "hold" rating for the company in a research report on Thursday, July 30th. Finally, Royal Bank Of Canada boosted their price target on shares of Vertiv from $323.00 to $351.00 and gave the stock an "outperform" rating in a research report on Thursday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Vertiv currently has an average rating of "Moderate Buy" and an average price target of $337.78.

Insider Transactions at Vertiv

In other Vertiv news, Director Edward Monser sold 15,287 shares of the company's stock in a transaction that occurred on 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 completion of the sale, the director owned 16,500 shares of the company's stock, valued at $4,188,030. This represents a 48.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is owned by insiders.

Vertiv Profile

Vertiv Holdings Co NYSE: VRT designs, manufactures and services critical digital infrastructure used by data centers, communications networks and commercial and industrial facilities. Its offerings help customers maintain reliable power, cooling and operating conditions for technology systems.

The company's products and solutions include uninterruptible power supplies, power distribution equipment, thermal management systems, racks, integrated modular infrastructure, and monitoring and control software.

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