Vertiv Holdings Co. $VRT Stake Boosted by Avanza Fonder AB

Key Points

• Avanza Fonder AB increased its stake in Vertiv Holdings Co. by 7.7%, owning 35,269 shares valued at approximately $4.53 million at the end of the last reporting period.
• Analysts have recently boosted their price targets for Vertiv, with Roth Capital setting it at $157.00 and Oppenheimer at $151.00, indicating strong market interest in the stock.
• Vertiv reported impressive financial results with a 35.1% year-over-year revenue increase and earnings per share that exceeded expectations, leading to a consensus EPS forecast of 3.59 for the current fiscal year.

Avanza Fonder AB boosted its position in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 7.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 35,269 shares of the company's stock after acquiring an additional 2,527 shares during the quarter. Avanza Fonder AB's holdings in Vertiv were worth $4,529,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of VRT. Wealth Management Partners LLC grew its stake in Vertiv by 27.8% in the 2nd quarter. Wealth Management Partners LLC now owns 14,682 shares of the company's stock worth $1,854,000 after acquiring an additional 3,197 shares in the last quarter. Bouvel Investment Partners LLC lifted its stake in Vertiv by 53.2% during the 2nd quarter. Bouvel Investment Partners LLC now owns 16,819 shares of the company's stock valued at $2,160,000 after acquiring an additional 5,839 shares during the period. Kaufman Rossin Wealth LLC acquired a new position in Vertiv in the second quarter valued at approximately $395,000. Shelton Wealth Management LLC lifted its position in shares of Vertiv by 37.2% during the 2nd quarter. Shelton Wealth Management LLC now owns 14,988 shares of the company's stock valued at $1,925,000 after buying an additional 4,060 shares in the last quarter. Finally, Diversified Trust Co grew its holdings in shares of Vertiv by 3.2% during the second quarter. Diversified Trust Co now owns 5,370 shares of the company's stock worth $690,000 after buying an additional 167 shares in the last quarter. Institutional investors own 89.92% of the company's stock.

Insider Buying and Selling

In other news, Director Steven Reinemund sold 100,000 shares of the firm's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $128.22, for a total transaction of $12,822,000.00. Following the completion of the transaction, the director directly owned 133,333 shares in the company, valued at $17,095,957.26. This trade represents a 42.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Karsten Winther sold 41,654 shares of the firm's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $134.21, for a total transaction of $5,590,383.34. Following the completion of the sale, the insider owned 18,848 shares in the company, valued at $2,529,590.08. The trade was a 68.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 180,952 shares of company stock valued at $23,360,571. 5.01% of the stock is currently owned by insiders.

Vertiv Trading Up 5.7%

Shares of VRT stock traded up $8.12 during trading hours on Monday, hitting $151.72. 8,528,292 shares of the company were exchanged, compared to its average volume of 6,326,889. The firm has a market cap of $57.94 billion, a P/E ratio of 72.59, a P/E/G ratio of 1.27 and a beta of 1.78. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.35 and a current ratio of 1.74. Vertiv Holdings Co. has a fifty-two week low of $53.60 and a fifty-two week high of $155.84. The company has a 50 day simple moving average of $133.72 and a two-hundred day simple moving average of $110.13.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.12. The company had revenue of $2.64 billion during 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 quarterly revenue was up 35.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.67 earnings per share. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. Equities analysts anticipate that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Monday, September 15th will be issued a dividend of $0.0375 per share. The ex-dividend date is Monday, September 15th. This represents a $0.15 dividend on an annualized basis and a yield of 0.1%. Vertiv's dividend payout ratio (DPR) is presently 7.18%.

Analysts Set New Price Targets

A number of brokerages have recently commented on VRT. The Goldman Sachs Group reissued a "buy" rating on shares of Vertiv in a research report on Friday, July 11th. Rothschild & Co Redburn started coverage on shares of Vertiv in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $135.00 price objective for the company. Redburn Atlantic raised Vertiv to a "hold" rating in a report on Wednesday, August 20th. Rothschild Redb raised Vertiv to a "hold" rating in a research note on Wednesday, August 20th. Finally, Evercore ISI reissued an "outperform" rating on shares of Vertiv in a research report on Thursday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average 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.