Handelsbanken Fonder AB Sells 39,568 Shares of Vertiv Holdings Co. $VRT

Key Points

• Handelsbanken Fonder AB reduced its Vertiv stake by 12.4%, selling 39,568 shares in the second quarter and retaining 280,702 shares valued at approximately $94 million. Institutional investors collectively own 89.92% of Vertiv.
• Vertiv’s latest quarterly results showed adjusted earnings of $1.52 per share, beating estimates of $1.43, while revenue rose 24.1% year over year to $3.27 billion but fell short of expectations.
• Shares opened at $270.55, below their 50-day and 200-day moving averages. Analysts maintain a consensus “Buy” rating with an average price target of $348.54, despite one recent target reduction.

Handelsbanken Fonder AB cut its stake in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 12.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 280,702 shares of the company's stock after selling 39,568 shares during the period. Handelsbanken Fonder AB owned about 0.07% of Vertiv worth $93,985,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new stake in Vertiv in the 4th quarter worth $808,701,000. Marshall Wace LLP grew its position in shares of Vertiv by 265.6% during the fourth quarter. Marshall Wace LLP now owns 2,670,007 shares of the company's stock valued at $432,568,000 after purchasing an additional 1,939,749 shares in the last quarter. Alkeon Capital Management LLC increased its holdings 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 worth $324,524,000 after purchasing an additional 1,283,110 shares during the last quarter. Ameriprise Financial Inc. lifted its position 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 worth $361,033,000 after buying an additional 930,158 shares in the last quarter. Finally, Qube Research & Technologies Ltd bought a new position in Vertiv during the third quarter valued at approximately $125,331,000. Hedge funds and other institutional investors own 89.92% of the company's stock.

Vertiv Trading Down 0.7%

Shares of VRT opened at $270.55 on Tuesday. The company's fifty day simple moving average is $299.76 and its 200-day simple moving average is $281.73. The company has a market cap of $104.16 billion, a P/E ratio of 61.21, a P/E/G ratio of 1.12 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 Holdings Co. has a twelve month low of $118.70 and a twelve month high of $379.93.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $1.52 EPS for the quarter, topping analysts' consensus estimates of $1.43 by $0.09. Vertiv had a net margin of 15.09% and a return on equity of 50.47%. The firm had revenue of $3.27 billion during the quarter, compared to analysts' expectations of $3.38 billion. During the same period in the previous year, the company earned $0.95 EPS. The firm's revenue for the quarter was up 24.1% compared to the same quarter last year. Vertiv has set its Q3 2026 guidance at 1.770-1.830 EPS and its FY 2026 guidance at 6.650-6.750 EPS. As a group, analysts expect that Vertiv Holdings Co. will post 6.7 EPS for the current year.

Vertiv Announces Dividend

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

Analyst Ratings Changes

A number of analysts have issued reports on VRT shares. Royal Bank Of Canada reduced their price objective on Vertiv from $418.00 to $337.00 and set an "outperform" rating on the stock in a research note on Thursday, July 30th. Roth Capital reissued a "buy" rating and issued a $355.00 target price on shares of Vertiv in a report on Thursday, May 21st. Mizuho set a $380.00 price target on shares of Vertiv in a research report on Thursday, May 21st. BNP Paribas Exane assumed coverage on shares of Vertiv in a research note on Tuesday, April 14th. They set an "outperform" rating and a $345.00 price target on the stock. Finally, UBS Group reiterated a "buy" rating and set a $370.00 price objective on shares of Vertiv in a research report on Thursday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, Vertiv has an average rating of "Buy" and an average target price of $348.54.

Vertiv 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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