PFA Pension Forsikringsaktieselskab Buys Shares of 196,012 Vertiv Holdings Co. $VRT

PFA Pension Forsikringsaktieselskab bought a new stake in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 196,012 shares of the company's stock, valued at approximately $32,213,000. PFA Pension Forsikringsaktieselskab owned about 0.05% of Vertiv at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Vertiv by 2.2% during the third quarter. Vanguard Group Inc. now owns 38,833,036 shares of the company's stock valued at $5,858,352,000 after purchasing an additional 826,281 shares during the last quarter. State Street Corp increased its stake in Vertiv by 2.3% during the third quarter. State Street Corp now owns 8,459,323 shares of the company's stock valued at $1,276,173,000 after purchasing an additional 189,484 shares during the last quarter. American Century Companies Inc. increased its stake in Vertiv by 16.7% during the third quarter. American Century Companies Inc. now owns 3,431,760 shares of the company's stock valued at $517,715,000 after purchasing an additional 491,349 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Vertiv by 49.5% during the second quarter. Ameriprise Financial Inc. now owns 2,811,114 shares of the company's stock valued at $361,033,000 after purchasing an additional 930,158 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Vertiv by 1.6% during the third quarter. Bank of New York Mellon Corp now owns 2,143,067 shares of the company's stock valued at $323,303,000 after purchasing an additional 33,012 shares during the last quarter. Institutional investors own 89.92% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on VRT shares. Zacks Research lowered shares of Vertiv from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 13th. BNP Paribas Exane initiated coverage on shares of Vertiv in a research report on Tuesday, April 14th. They set an "outperform" rating and a $345.00 price target for the company. Royal Bank Of Canada upped their price target on shares of Vertiv from $344.00 to $356.00 and gave the stock an "outperform" rating in a research report on Thursday, April 23rd. JPMorgan Chase & Co. upped their price target on shares of Vertiv from $305.00 to $350.00 and gave the stock an "overweight" rating in a research report on Friday, April 24th. Finally, Oppenheimer restated an "outperform" rating and set a $330.00 price target on shares of Vertiv in a research report on Thursday, April 23rd. Twenty-one research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Vertiv currently has an average rating of "Moderate Buy" and a consensus target price of $278.38.

Insider Buying and Selling

In other news, Chairman David M. Cote sold 40,000 shares of the company's stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $255.29, for a total value of $10,211,600.00. Following the completion of the sale, the chairman directly owned 22,258 shares of the company's stock, valued at approximately $5,682,244.82. This represents a 64.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jan Van Dokkum sold 38,647 shares of the company's stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $254.87, for a total transaction of $9,849,960.89. Following the completion of the sale, the director directly owned 25,000 shares of the company's stock, valued at approximately $6,371,750. This represents a 60.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 489,761 shares of company stock worth $123,356,815. Company insiders own 1.10% of the company's stock.

Vertiv Stock Down 0.1%

Vertiv stock opened at $328.11 on Monday. The company has a 50-day simple moving average of $274.42 and a 200-day simple moving average of $214.19. The firm has a market capitalization of $126.03 billion, a P/E ratio of 82.44, a P/E/G ratio of 1.41 and a beta of 2.09. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.15 and a current ratio of 1.49. Vertiv Holdings Co. has a one year low of $91.81 and a one year high of $331.97.

Vertiv (NYSE:VRT - Get Free Report) last announced its earnings results on Wednesday, April 22nd. The company reported $1.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.17. The firm had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.63 billion. Vertiv had a net margin of 14.37% and a return on equity of 49.90%. Vertiv's revenue was up 30.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.64 EPS. Vertiv has set its Q2 2026 guidance at 1.370-1.430 EPS and its FY 2026 guidance at 6.300-6.400 EPS. As a group, equities analysts expect that Vertiv Holdings Co. will post 6.42 earnings per share for the current year.

Vertiv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Tuesday, March 17th were paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Tuesday, March 17th. Vertiv's dividend payout ratio is currently 6.28%.

Vertiv Company 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.

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 reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.