BI Asset Management Fondsmaeglerselskab A S Has $9.51 Million Stock Holdings in Vertiv Holdings Co. $VRT

Key Points

• BI Asset Management Fondsmaeglerselskab A S reduced its stake in Vertiv Holdings Co. by 29.0%, holding $9.51 million worth of shares after selling 53,763 shares during the 1st quarter.
• Institutional investors now own 89.92% of Vertiv's stock, with significant increases in holdings from firms like Vanguard Group and Voloridge Investment Management.
• Vertiv recently reported $0.95 earnings per share for the last quarter, exceeding analysts' expectations, while also announcing an increase in its dividend payout.

BI Asset Management Fondsmaeglerselskab A S cut its position in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 29.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 131,675 shares of the company's stock after selling 53,763 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Vertiv were worth $9,507,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of VRT. Vanguard Group Inc. increased its stake in shares of Vertiv by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 37,715,159 shares of the company's stock worth $2,723,034,000 after purchasing an additional 1,359,070 shares during the last quarter. Nuveen LLC acquired a new position in shares of Vertiv during the 1st quarter worth about $77,820,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Vertiv by 54.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,314,934 shares of the company's stock worth $263,000,000 after purchasing an additional 812,389 shares during the last quarter. Northern Trust Corp increased its stake in shares of Vertiv by 21.9% during the 4th quarter. Northern Trust Corp now owns 2,713,234 shares of the company's stock worth $308,251,000 after purchasing an additional 487,909 shares during the last quarter. Finally, Voloridge Investment Management LLC boosted its holdings in shares of Vertiv by 370.7% during the 4th quarter. Voloridge Investment Management LLC now owns 607,384 shares of the company's stock worth $69,005,000 after buying an additional 478,350 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Karsten Winther sold 41,654 shares of the company's stock in a transaction that occurred 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 of the company's stock, valued at approximately $2,529,590.08. This represents a 68.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Stephen Liang sold 43,683 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $115.83, for a total transaction of $5,059,801.89. Following the sale, the executive vice president directly owned 9,551 shares of the company's stock, valued at approximately $1,106,292.33. This trade represents a 82.06% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.01% of the company's stock.

Vertiv Stock Performance

NYSE VRT opened at $128.94 on Wednesday. The company has a quick ratio of 1.35, a current ratio of 1.74 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $49.24 billion, a P/E ratio of 61.69, a P/E/G ratio of 1.20 and a beta of 1.77. Vertiv Holdings Co. has a 12-month low of $53.60 and a 12-month high of $155.84. The firm has a 50-day moving average price of $129.00 and a two-hundred day moving average price of $105.39.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.12. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.36 billion. Vertiv had a net margin of 8.93% and a return on equity of 51.64%. The business's revenue for the quarter was up 35.1% compared to the same quarter last year. 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. Analysts anticipate that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, June 26th. Shareholders of record on Tuesday, June 17th were issued a $0.0375 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a yield of 14.0%. This is an increase from Vertiv's previous dividend of $0.01. Vertiv's payout ratio is presently 7.18%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Melius Research raised shares of Vertiv from a "hold" rating to a "strong-buy" rating and lifted their target price for the stock from $134.00 to $165.00 in a report on Tuesday, July 8th. Oppenheimer lifted their target price on shares of Vertiv from $140.00 to $151.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Wall Street Zen raised shares of Vertiv from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 21st. Mizuho lifted their target price on shares of Vertiv from $125.00 to $150.00 and gave the stock an "outperform" rating in a report on Wednesday, July 16th. Finally, Cowen reaffirmed a "buy" rating on shares of Vertiv in a report on Thursday, April 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Vertiv presently has a consensus rating of "Moderate Buy" and a consensus price target of $142.37.

Vertiv Profile

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.

Want to see what other hedge funds are holding VRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vertiv Holdings Co. (NYSE:VRT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.