Danske Bank A S Has $83.96 Million Stake in Vertiv Holdings Co. $VRT

Key Points

• Danske Bank trimmed its Vertiv stake by 3.8% in the second quarter, selling 9,993 shares but retaining 250,755 shares worth approximately $83.96 million. Institutional investors and hedge funds collectively own 89.92% of Vertiv.
• Vertiv shares fell 6.9% to $272.38, while the company reported quarterly EPS of $1.52, exceeding estimates of $1.43. Revenue rose 24.1% year over year to $3.27 billion, although it fell short of analyst expectations.
• Analysts maintain a generally positive view, with Vertiv receiving a consensus “Moderate Buy” rating and an average price target of $348.54. The company also declared a quarterly dividend of $0.0625, equivalent to a 0.1% annual yield.

Danske Bank A S trimmed its stake in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 3.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 250,755 shares of the company's stock after selling 9,993 shares during the quarter. Danske Bank A S owned about 0.07% of Vertiv worth $83,958,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of VRT. Norges Bank bought a new position in Vertiv during the 4th quarter worth $808,701,000. Marshall Wace LLP boosted its position in shares of Vertiv by 265.6% in the fourth 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. Alkeon Capital Management LLC grew its stake in shares of Vertiv by 178.2% in the fourth quarter. Alkeon Capital Management LLC now owns 2,003,110 shares of the company's stock valued at $324,524,000 after acquiring an additional 1,283,110 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Vertiv by 49.5% in the second quarter. Ameriprise Financial Inc. now owns 2,811,114 shares of the company's stock valued at $361,033,000 after acquiring an additional 930,158 shares in the last quarter. Finally, Qube Research & Technologies Ltd bought a new position in Vertiv during the third quarter worth about $125,331,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Trading Down 6.9%

NYSE VRT opened at $272.38 on Wednesday. The business's 50-day moving average price is $296.52 and its two-hundred day moving average price is $286.03. Vertiv Holdings Co. has a 12 month low of $118.70 and a 12 month high of $379.93. The firm has a market capitalization of $104.86 billion, a PE ratio of 61.62, a price-to-earnings-growth ratio of 1.21 and a beta of 2.06. The company has a current ratio of 1.38, a quick ratio of 1.03 and a debt-to-equity ratio of 0.62.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $1.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.43 by $0.09. The company had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.38 billion. Vertiv had a return on equity of 50.47% and a net margin of 15.09%.The firm's revenue was up 24.1% compared to the same quarter last year. During the same period last year, the company earned $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. On average, analysts expect that Vertiv Holdings Co. will post 6.7 EPS for the current year.

Vertiv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 15th were given a $0.0625 dividend. The ex-dividend date was Monday, June 15th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.1%. Vertiv's payout ratio is 5.66%.

Analyst Ratings Changes

VRT has been the topic of a number of analyst reports. Barclays increased their price objective on shares of Vertiv from $345.00 to $412.00 and gave the stock an "overweight" rating in a research note on Friday, May 15th. UBS Group restated a "buy" rating and set a $370.00 price target on shares of Vertiv in a report on Thursday, July 30th. Citigroup dropped their price objective on shares of Vertiv from $414.00 to $358.00 and set a "buy" rating for the company in a report on Thursday, July 30th. Loop Capital assumed coverage on shares of Vertiv in a research report on Thursday, May 14th. They set a "buy" rating and a $500.00 target price on the stock. Finally, Fox Advisors raised shares of Vertiv from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 21st. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $348.54.

About Vertiv

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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