KLP Kapitalforvaltning AS Raises Stock Position in Vertiv Holdings Co. $VRT

KLP Kapitalforvaltning AS boosted its position in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 13.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 135,700 shares of the company's stock after acquiring an additional 16,500 shares during the period. KLP Kapitalforvaltning AS's holdings in Vertiv were worth $17,425,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. GW&K Investment Management LLC purchased a new position in Vertiv during the first quarter worth about $26,000. SouthState Corp purchased a new position in Vertiv in the 1st quarter worth approximately $27,000. North Star Investment Management Corp. grew its stake in Vertiv by 4,120.0% in the 1st quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock worth $30,000 after buying an additional 412 shares in the last quarter. Sachetta LLC grew its stake in Vertiv by 242.0% in the 1st quarter. Sachetta LLC now owns 448 shares of the company's stock worth $32,000 after buying an additional 317 shares in the last quarter. Finally, Banque Transatlantique SA purchased a new position in Vertiv in the first quarter worth $33,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Vertiv

In other Vertiv news, insider Karsten Winther sold 41,654 shares of the firm's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $134.21, for a total transaction of $5,590,383.34. Following the completion of the transaction, the insider owned 18,848 shares of the company's stock, valued at approximately $2,529,590.08. This trade represents a 68.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Paul Ryan sold 22,218 shares of the firm's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $127.34, for a total value of $2,829,240.12. Following the transaction, the insider directly owned 12,803 shares of the company's stock, valued at $1,630,334.02. This represents a 63.44% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 180,952 shares of company stock worth $23,360,571. 2.63% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

VRT has been the subject of several research reports. Evercore ISI upped their target price on shares of Vertiv from $165.00 to $180.00 and gave the stock an "outperform" rating in a research report on Monday. Mizuho upped their target price on Vertiv from $125.00 to $150.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 16th. Morgan Stanley reaffirmed an "overweight" rating on shares of Vertiv in a research note on Sunday, August 10th. UBS Group upped their price objective on shares of Vertiv from $135.00 to $173.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Finally, Bank of America upped their price target on shares of Vertiv from $140.00 to $150.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Vertiv currently has a consensus rating of "Moderate Buy" and an average price target of $147.58.

Vertiv Stock Performance

NYSE:VRT opened at $167.33 on Thursday. The firm's fifty day simple moving average is $138.45 and its 200 day simple moving average is $115.31. Vertiv Holdings Co. has a twelve month low of $53.60 and a twelve month high of $169.83. 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 stock has a market cap of $63.90 billion, a P/E ratio of 80.06, a price-to-earnings-growth ratio of 1.40 and a beta of 1.84.

Vertiv (NYSE:VRT - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.83 by $0.12. The firm had revenue of $2.64 billion during the quarter, compared to analysts' expectations of $2.36 billion. Vertiv had a net margin of 8.93% and a return on equity of 51.64%. The company's quarterly revenue was up 35.1% compared to the same quarter last year. During the same period last year, the company posted $0.67 EPS. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. As a group, research analysts predict that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Monday, September 15th were paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Monday, September 15th. Vertiv's dividend payout ratio (DPR) is presently 7.18%.

Vertiv Company 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.

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