Swedbank AB Increases Stock Position in Vertiv Holdings Co. $VRT

Key Points

• Swedbank AB has increased its stake in Vertiv Holdings Co. (NYSE: VRT) by 14.1%, acquiring an additional 96,374 shares, bringing its total holding to 780,723 shares valued at approximately $56.36 million.
• Analysts are optimistic about Vertiv's future, with recent upgrades leading to a target price increase from $140.00 to $150.00 by Bank of America, and multiple ratings of "strong-buy" and "buy" from other firms.
• Vertiv recently reported strong earnings, with a 35.1% year-over-year revenue increase to $2.64 billion and earnings per share of $0.95, surpassing expectations.

Swedbank AB increased its position in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 14.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 780,723 shares of the company's stock after acquiring an additional 96,374 shares during the period. Swedbank AB owned about 0.20% of Vertiv worth $56,368,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in VRT. Focus Partners Wealth raised its holdings in Vertiv by 428.1% in the 4th quarter. Focus Partners Wealth now owns 27,620 shares of the company's stock worth $3,472,000 after acquiring an additional 22,390 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Vertiv by 41.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,905 shares of the company's stock worth $4,874,000 after purchasing an additional 12,610 shares during the period. Occudo Quantitative Strategies LP bought a new stake in Vertiv in the 4th quarter worth approximately $381,000. Quantinno Capital Management LP grew its position in Vertiv by 16.1% in the 4th quarter. Quantinno Capital Management LP now owns 81,539 shares of the company's stock worth $9,264,000 after purchasing an additional 11,330 shares during the period. Finally, Point72 Asset Management L.P. bought a new stake in Vertiv in the 4th quarter worth approximately $40,817,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VRT has been the subject of a number of research analyst reports. Bank of America lifted their target price on shares of Vertiv from $140.00 to $150.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Melius Research raised shares of Vertiv from a "hold" rating to a "strong-buy" rating and lifted their target price for the stock from $134.00 to $165.00 in a research report on Tuesday, July 8th. William Blair initiated coverage on shares of Vertiv in a research report on Monday, July 28th. They issued an "outperform" rating for the company. Mizuho lifted their target price 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. Finally, Rothschild & Co Redburn began coverage on shares of Vertiv in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $135.00 target price for the company. 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 given a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $142.00.

Vertiv Trading Down 0.6%

Shares of VRT stock opened at $134.90 on Friday. The company has a market cap of $51.51 billion, a price-to-earnings ratio of 64.55, a PEG ratio of 1.20 and a beta of 1.78. 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 fifty day moving average price of $131.73 and a 200-day moving average price of $107.66. Vertiv Holdings Co. has a 1 year low of $53.60 and a 1 year high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last issued its 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 net margin of 8.93% and a return on equity of 51.64%. Vertiv's quarterly revenue was up 35.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.67 EPS. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. As a group, equities analysts predict that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Monday, September 15th will be issued a $0.0375 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.15 annualized dividend and a yield of 0.1%. Vertiv's dividend payout ratio is currently 7.18%.

Insider Activity

In related news, insider Karsten Winther sold 41,654 shares of the company's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $134.21, for a total value 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 represents a 68.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Paul Ryan sold 22,218 shares of the company's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $127.34, for a total transaction of $2,829,240.12. Following the completion of 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. Over the last 90 days, insiders sold 180,952 shares of company stock worth $23,360,571. 2.63% of the stock is currently owned by corporate insiders.

About Vertiv

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.

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 and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.