Vertiv Holdings Co. $VRT Shares Bought by Credit Agricole S A

Key Points

• Credit Agricole S A boosted its stake in Vertiv Holdings Co. by 466.5%, acquiring an additional 243,311 shares, bringing its total ownership to approximately 295,473 shares valued at $21.33 million.
• Analysts have issued positive ratings for Vertiv, with Melius upgrading the stock from "hold" to "buy" and several others setting price targets broadly in the range of $150 to $173.
• Vertiv recently enhanced its dividend from $0.01 to $0.0375, reflecting a strong commitment to returning value to shareholders amid a growing revenue trend.

Credit Agricole S A raised its holdings in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 466.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 295,473 shares of the company's stock after purchasing an additional 243,311 shares during the quarter. Credit Agricole S A owned about 0.08% of Vertiv worth $21,333,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of VRT. Vanguard Group Inc. increased its stake in Vertiv by 3.7% in the first 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 during the period. Nuveen LLC acquired a new stake in shares of Vertiv during the first quarter worth $77,820,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Vertiv by 54.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,314,934 shares of the company's stock worth $263,000,000 after purchasing an additional 812,389 shares during the period. Northern Trust Corp lifted its holdings in shares of Vertiv by 21.9% during the fourth quarter. Northern Trust Corp now owns 2,713,234 shares of the company's stock worth $308,251,000 after purchasing an additional 487,909 shares during the period. Finally, Voloridge Investment Management LLC lifted its holdings in shares of Vertiv by 370.7% during the fourth quarter. Voloridge Investment Management LLC now owns 607,384 shares of the company's stock worth $69,005,000 after purchasing an additional 478,350 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on VRT shares. Melius raised Vertiv from a "hold" rating to a "buy" rating and set a $165.00 price target for the company in a report on Tuesday, July 8th. KGI Securities initiated coverage on Vertiv in a research report on Thursday, April 24th. They issued a "hold" rating for the company. Roth Capital increased their price objective on Vertiv from $100.00 to $157.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Cowen reiterated a "buy" rating on shares of Vertiv in a research report on Thursday, April 24th. Finally, UBS Group increased their price objective on Vertiv from $135.00 to $173.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $142.37.

Insiders Place Their Bets

In other news, insider Karsten Winther sold 41,654 shares of the firm's stock in a transaction on 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 completion of the transaction, the insider owned 18,848 shares in the company, valued at $2,529,590.08. This trade represents a 68.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Stephen Liang sold 43,683 shares of the firm's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $115.83, for a total value of $5,059,801.89. Following the completion of the transaction, the executive vice president owned 9,551 shares of the company's stock, valued at approximately $1,106,292.33. This represents a 82.06% decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.01% of the company's stock.

Vertiv Trading Down 5.0%

Shares of VRT stock opened at $128.94 on Wednesday. Vertiv Holdings Co. has a fifty-two week low of $53.60 and a fifty-two week high of $155.84. The stock has a market cap of $49.24 billion, a P/E ratio of 61.69, a P/E/G ratio of 1.20 and a beta of 1.77. The business has a fifty day simple moving average of $129.00 and a 200-day simple moving average of $105.39. The company has a quick ratio of 1.35, a current ratio of 1.74 and a debt-to-equity ratio of 0.93.

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

Vertiv Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th were given a $0.0375 dividend. This is an increase from Vertiv's previous dividend of $0.01. This represents a dividend yield of 14.0%. The ex-dividend date was Monday, June 16th. Vertiv's dividend payout ratio (DPR) is 7.18%.

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.

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