Nordea Investment Management AB Has $415.13 Million Position in Vertiv Holdings Co. $VRT

Key Points

• Nordea Investment Management AB increased its stake in Vertiv Holdings Co. by 100.1% during the second quarter, now holding 3,246,769 shares valued at approximately $415.13 million.
• Vertiv reported $2.64 billion in revenue and $0.95 EPS for the most recent quarter, exceeding consensus estimates, with quarterly revenue up 35.1% year-over-year.
• The company recently declared a quarterly dividend of $0.0375 per share, resulting in a 0.1% yield and a payout ratio of 7.18%.

Nordea Investment Management AB raised its stake in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 100.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,246,769 shares of the company's stock after purchasing an additional 1,624,456 shares during the period. Nordea Investment Management AB owned 0.85% of Vertiv worth $415,132,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Presidio Capital Management LLC grew its stake in Vertiv by 1.3% during the second quarter. Presidio Capital Management LLC now owns 6,010 shares of the company's stock worth $772,000 after buying an additional 80 shares in the last quarter. Grandview Asset Management LLC grew its stake in Vertiv by 2.8% during the second quarter. Grandview Asset Management LLC now owns 3,536 shares of the company's stock worth $454,000 after buying an additional 96 shares in the last quarter. Ameriflex Group Inc. grew its stake in Vertiv by 14.9% during the second quarter. Ameriflex Group Inc. now owns 770 shares of the company's stock worth $95,000 after buying an additional 100 shares in the last quarter. Cigna Investments Inc. New grew its stake in Vertiv by 3.5% during the second quarter. Cigna Investments Inc. New now owns 3,755 shares of the company's stock worth $482,000 after buying an additional 127 shares in the last quarter. Finally, Commerce Bank grew its stake in Vertiv by 0.7% during the first quarter. Commerce Bank now owns 20,739 shares of the company's stock worth $1,497,000 after buying an additional 134 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Stock Performance

Shares of VRT stock opened at $177.75 on Friday. The company has a market cap of $67.88 billion, a price-to-earnings ratio of 85.05, a price-to-earnings-growth ratio of 1.55 and a beta of 1.84. Vertiv Holdings Co. has a 52 week low of $53.60 and a 52 week high of $184.44. 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 firm has a 50 day moving average of $142.54 and a 200-day moving average of $119.18.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.83 by $0.12. The company 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 company's quarterly revenue was up 35.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.67 EPS. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. On average, equities analysts forecast that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

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

Insider Buying and Selling at Vertiv

In related news, Director Steven Reinemund sold 100,000 shares of Vertiv stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $128.22, for a total value of $12,822,000.00. Following the completion of the sale, the director owned 133,333 shares of the company's stock, valued at approximately $17,095,957.26. This trade represents a 42.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jakki L. Haussler sold 15,680 shares of Vertiv stock in a transaction on Monday, September 8th. The shares were sold at an average price of $123.92, for a total transaction of $1,943,065.60. Following the completion of the sale, the director directly owned 4,631 shares of the company's stock, valued at approximately $573,873.52. The trade was a 77.20% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 180,952 shares of company stock worth $23,360,571. 2.63% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Mizuho increased 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. Weiss Ratings cut shares of Vertiv from a "buy (b)" rating to a "hold (c+)" rating in a report on Wednesday, October 8th. Oppenheimer increased their target price on shares of Vertiv from $151.00 to $190.00 and gave the stock an "outperform" rating in a report on Tuesday. Citigroup increased their target price on shares of Vertiv from $167.00 to $192.00 and gave the stock a "buy" rating in a report on Thursday, October 9th. Finally, Redburn Atlantic upgraded shares of Vertiv to a "hold" rating in a report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $157.90.

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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