Sumitomo Mitsui DS Asset Management Company Ltd Acquires 6,742 Shares of Vertiv Holdings Co. $VRT

Key Points

• Sumitomo Mitsui DS Asset Management increased its stake in Vertiv Holdings by 6.2%, acquiring an additional 6,742 shares during the second quarter, bringing its total holdings to 115,080 shares worth approximately $14.78 million.
• Several institutional investors recently bought shares of Vertiv, contributing to their 89.92% ownership of the company, with notable increases from firms like North Star Investment Management Corp and Sachetta LLC.
• Vertiv's recent quarterly earnings exceeded expectations, reporting a 35.1% year-over-year revenue increase and an EPS of $0.95, leading to an overall positive sentiment among analysts who have rated the stock primarily as a Buy.

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 6.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,080 shares of the company's stock after acquiring an additional 6,742 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Vertiv were worth $14,777,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of VRT. Vanguard Group Inc. boosted its holdings in Vertiv by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 37,715,159 shares of the company's stock valued at $2,723,034,000 after purchasing an additional 1,359,070 shares in the last quarter. Amundi raised its position in shares of Vertiv by 96.8% during the 1st quarter. Amundi now owns 6,951,773 shares of the company's stock worth $469,490,000 after purchasing an additional 3,420,144 shares during the last quarter. Fred Alger Management LLC raised its position in shares of Vertiv by 19.6% during the 1st quarter. Fred Alger Management LLC now owns 3,496,060 shares of the company's stock worth $252,416,000 after purchasing an additional 572,545 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Vertiv by 6.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,839,864 shares of the company's stock worth $205,085,000 after purchasing an additional 182,937 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Vertiv by 54.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,314,934 shares of the company's stock valued at $263,000,000 after purchasing an additional 812,389 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on VRT. Bank of America boosted their price objective on shares of Vertiv from $140.00 to $150.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Wolfe Research reaffirmed an "outperform" rating and issued a $155.00 price objective on shares of Vertiv in a report on Thursday, July 10th. Redburn Atlantic raised shares of Vertiv to a "hold" rating in a report on Wednesday, August 20th. Morgan Stanley reaffirmed an "overweight" rating on shares of Vertiv in a report on Sunday, August 10th. Finally, Mizuho boosted their price target on shares of Vertiv from $125.00 to $150.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $142.00.

Insiders Place Their Bets

In other Vertiv news, insider Karsten Winther sold 41,654 shares of the stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $134.21, for a total value of $5,590,383.34. Following the transaction, the insider owned 18,848 shares of the company's stock, valued at approximately $2,529,590.08. This represents a 68.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven Reinemund sold 100,000 shares of the firm's stock in a transaction that occurred 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 transaction, the director owned 133,333 shares of the company's stock, valued at $17,095,957.26. This represents a 42.86% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 180,952 shares of company stock valued at $23,360,571. Company insiders own 2.63% of the company's stock.

Vertiv Stock Up 1.4%

NYSE VRT traded up $2.03 during mid-day trading on Friday, hitting $143.99. The company's stock had a trading volume of 6,677,486 shares, compared to its average volume of 6,273,855. The company's 50 day simple moving average is $133.18 and its 200 day simple moving average is $109.32. Vertiv Holdings Co. has a twelve month low of $53.60 and a twelve month high of $155.84. The firm has a market capitalization of $54.99 billion, a price-to-earnings ratio of 68.90, a PEG ratio of 1.25 and a beta of 1.78. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 0.93.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.95 earnings per share 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 return on equity of 51.64% and a net margin of 8.93%.The firm's quarterly revenue was up 35.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.67 EPS. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. Analysts anticipate that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Monday, September 15th will be issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Monday, September 15th. Vertiv's dividend payout ratio 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.