Swedbank AB Grows Position in Vertiv Holdings Co. $VRT

Key Points

• Swedbank AB increased its stake in Vertiv Holdings Co. by 7.8%, holding approximately 0.22% of the company, valued at $108,033,000.
• Analysts are optimistic about Vertiv, with several firms raising their price targets, including UBS Group who increased it from $135.00 to $173.00.
• Vertiv recently declared a quarterly dividend of $0.0375, indicating an annualized yield of 0.1% and a low payout ratio of 7.18%.

Swedbank AB lifted its holdings in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 7.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 841,316 shares of the company's stock after buying an additional 60,593 shares during the quarter. Swedbank AB owned approximately 0.22% of Vertiv worth $108,033,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VRT. Secure Asset Management LLC acquired a new stake in shares of Vertiv during the 2nd quarter valued at about $272,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Vertiv by 6.2% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 115,080 shares of the company's stock worth $14,777,000 after acquiring an additional 6,742 shares during the last quarter. KMG Fiduciary Partners LLC lifted its position in shares of Vertiv by 4.4% during the 2nd quarter. KMG Fiduciary Partners LLC now owns 34,098 shares of the company's stock valued at $4,379,000 after acquiring an additional 1,446 shares during the period. Focus Financial Network Inc. grew its stake in shares of Vertiv by 12.1% in the 2nd quarter. Focus Financial Network Inc. now owns 5,829 shares of the company's stock worth $748,000 after acquiring an additional 627 shares in the last quarter. Finally, Sovran Advisors LLC lifted its holdings in Vertiv by 1.0% during the second quarter. Sovran Advisors LLC now owns 24,808 shares of the company's stock valued at $3,123,000 after purchasing an additional 246 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on VRT shares. JPMorgan Chase & Co. boosted their price target on Vertiv from $127.00 to $150.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Barclays set a $128.00 price objective on Vertiv and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Royal Bank Of Canada lifted their target price on Vertiv from $143.00 to $162.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Redburn Atlantic raised shares of Vertiv to a "hold" rating in a research note on Wednesday, August 20th. Finally, Roth Capital increased their target price on shares of Vertiv from $100.00 to $157.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $142.00.

Vertiv Stock Performance

NYSE:VRT traded up $2.03 during trading hours on Friday, reaching $143.99. The company had a trading volume of 6,677,486 shares, compared to its average volume of 6,273,855. The business's 50 day moving average price is $133.18 and its 200-day moving average price is $109.47. Vertiv Holdings Co. has a 1-year low of $53.60 and a 1-year high of $155.84. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.74 and a quick ratio of 1.35. The firm has a market cap of $54.99 billion, a PE ratio of 68.90, a price-to-earnings-growth ratio of 1.27 and a beta of 1.78.

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

Vertiv Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Monday, September 15th will be paid a $0.0375 dividend. The ex-dividend date is Monday, September 15th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.1%. Vertiv's payout ratio is presently 7.18%.

Insider Activity

In other Vertiv news, insider Paul Ryan sold 22,218 shares of Vertiv 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 completion of the sale, the insider directly owned 12,803 shares of the company's stock, valued at approximately $1,630,334.02. The trade was a 63.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Steven Reinemund sold 100,000 shares of the company's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $128.22, for a total transaction of $12,822,000.00. Following the sale, the director directly owned 133,333 shares in the company, valued at $17,095,957.26. This trade represents a 42.86% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 180,952 shares of company stock worth $23,360,571. 2.63% of the stock is currently owned by insiders.

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.