Amundi Sells 13,833 Shares of Vertiv Holdings Co. $VRT

Key Points

• Amundi trimmed its Vertiv stake by 1%, selling 13,833 shares and retaining 1.39 million shares worth approximately $465.8 million. Institutional investors collectively own 89.92% of the company.
• Analysts maintain a “Moderate Buy” consensus on Vertiv, with an average price target of $357.83; target estimates range from $320 to $500, although Zacks downgraded the stock to “Hold.”
• Vertiv reported quarterly EPS of $1.52, beating estimates of $1.43, while revenue increased 24.1% year over year to $3.27 billion. The stock opened at $280.76, and the company declared a quarterly dividend of $0.0625 per share.

Amundi reduced its stake in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 1.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,391,089 shares of the company's stock after selling 13,833 shares during the quarter. Amundi owned approximately 0.36% of Vertiv worth $465,764,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. California State Teachers Retirement System increased its position in Vertiv by 33,242.5% in the second quarter. California State Teachers Retirement System now owns 185,501,329 shares of the company's stock worth $62,109,555,000 after buying an additional 184,944,978 shares in the last quarter. Norges Bank bought a new position in shares of Vertiv during the 4th quarter valued at approximately $808,701,000. Marshall Wace LLP grew its stake in shares of Vertiv by 265.6% during the 4th quarter. Marshall Wace LLP now owns 2,670,007 shares of the company's stock valued at $432,568,000 after acquiring an additional 1,939,749 shares during the period. Jupiter Topco LLC purchased a new stake in Vertiv in the 2nd quarter worth approximately $441,083,000. Finally, Alkeon Capital Management LLC increased its holdings in Vertiv by 178.2% in the 4th quarter. Alkeon Capital Management LLC now owns 2,003,110 shares of the company's stock worth $324,524,000 after acquiring an additional 1,283,110 shares in the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on VRT. Robert W. Baird set a $320.00 target price on shares of Vertiv in a research note on Thursday, July 30th. Zacks Research lowered shares of Vertiv from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 31st. Citigroup reduced their price objective on shares of Vertiv from $414.00 to $358.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Loop Capital started coverage on shares of Vertiv in a research report on Thursday, May 14th. They set a "buy" rating and a $500.00 price objective on the stock. Finally, Barclays lifted their target price on shares of Vertiv from $345.00 to $412.00 and gave the company an "overweight" rating in a research note on Friday, May 15th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $357.83.

Vertiv Stock Up 0.1%

VRT opened at $280.76 on Tuesday. The company has a market capitalization of $108.09 billion, a PE ratio of 63.52, a price-to-earnings-growth ratio of 1.15 and a beta of 2.07. The firm has a 50-day simple moving average of $282.18 and a two-hundred day simple moving average of $291.47. The company has a quick ratio of 1.03, a current ratio of 1.38 and a debt-to-equity ratio of 0.62. Vertiv Holdings Co. has a 52 week low of $118.70 and a 52 week high of $379.93.

Vertiv (NYSE:VRT - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.09. The firm had revenue of $3.27 billion for the quarter, compared to analysts' expectations of $3.38 billion. Vertiv had a return on equity of 50.47% and a net margin of 15.09%.The business's revenue was up 24.1% compared to the same quarter last year. During the same period in the previous 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. Analysts forecast that Vertiv Holdings Co. will post 6.72 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The company also recently disclosed 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 of this dividend is Monday, September 14th. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. Vertiv's payout ratio is presently 5.66%.

Insider Activity

In other 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 sale, the director directly owned 16,500 shares of the company's stock, valued at $4,188,030. This represents a 48.09% decrease in their position. The sale was disclosed in a legal filing 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 company insiders.

Vertiv Company Profile

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.

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