Assenagon Asset Management S.A. Boosts Stake in Vertiv Holdings Co. $VRT

Key Points

• Assenagon Asset Management S.A. has significantly increased its stake in Vertiv Holdings Co. by 6,831.7%, now owning approximately $25.79 million worth of the stock, following the purchase of 197,915 additional shares.
• Vertiv reported a strong quarterly performance with earnings per share of $0.95 and revenue of $2.64 billion, exceeding analyst expectations and showing a year-over-year revenue increase of 35.1%.
• The company plans to pay a quarterly dividend of $0.0375 per share, yielding 0.1%, reflecting a low dividend payout ratio of 7.18%.

Assenagon Asset Management S.A. grew its position in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 6,831.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 200,812 shares of the company's stock after buying an additional 197,915 shares during the quarter. Assenagon Asset Management S.A. owned 0.05% of Vertiv worth $25,786,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. GW&K Investment Management LLC acquired a new stake in shares of Vertiv in the first quarter valued at $26,000. SouthState Corp purchased a new position in Vertiv in the first quarter valued at $27,000. North Star Investment Management Corp. boosted its holdings in Vertiv by 4,120.0% in the first quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock valued at $30,000 after purchasing an additional 412 shares during the period. Sachetta LLC boosted its holdings in Vertiv by 242.0% in the first quarter. Sachetta LLC now owns 448 shares of the company's stock valued at $32,000 after purchasing an additional 317 shares during the period. Finally, Banque Transatlantique SA purchased a new position in Vertiv in the first quarter valued at $33,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Stock Performance

Shares of VRT traded up $8.12 during midday trading on Monday, reaching $151.72. 8,528,292 shares of the stock were exchanged, compared to its average volume of 6,326,889. The business's 50-day moving average price is $133.18 and its 200 day moving average price is $109.66. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.74 and a quick ratio of 1.35. Vertiv Holdings Co. has a twelve month low of $53.60 and a twelve month high of $155.84. The company has a market capitalization of $57.94 billion, a price-to-earnings ratio of 72.59, a PEG ratio of 1.27 and a beta of 1.78.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.12. The firm had revenue of $2.64 billion for the quarter, compared to analysts' expectations of $2.36 billion. Vertiv had a return on equity of 51.64% and a net margin of 8.93%.The firm's revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.67 EPS. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. On average, sell-side analysts expect that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Monday, September 15th will be given a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.1%. The ex-dividend date is Monday, September 15th. Vertiv's payout ratio is 7.18%.

Insider Buying and Selling

In related news, Director Jakki L. Haussler sold 15,680 shares of the business's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $123.92, for a total value of $1,943,065.60. Following the transaction, the director owned 4,631 shares in the company, valued at $573,873.52. The trade was a 77.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Steven Reinemund sold 100,000 shares of the business's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $128.22, for a total value of $12,822,000.00. Following the transaction, the director owned 133,333 shares in the company, valued at $17,095,957.26. The trade was a 42.86% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 180,952 shares of company stock worth $23,360,571. Insiders own 5.01% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on VRT. JPMorgan Chase & Co. lifted their target price on Vertiv from $127.00 to $150.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Oppenheimer lifted their price target on Vertiv from $140.00 to $151.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Citigroup lifted their price target on Vertiv from $130.00 to $149.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Roth Capital lifted their price target on Vertiv from $100.00 to $157.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Finally, Mizuho lifted their price target on Vertiv from $125.00 to $150.00 and gave the stock an "outperform" rating in a report on Wednesday, July 16th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Vertiv has an average rating of "Moderate Buy" and a consensus price target of $142.00.

About Vertiv

Vertiv Holdings Co, together with its subsidiaries, designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.