Vertiv Holdings Co. $VRT Shares Purchased by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH increased its stake in Vertiv Holdings Co. by 72.7%, acquiring a total of 477,025 shares valued at approximately $61.25 million by the end of the most recent quarter.
• Vertiv reported strong quarterly earnings with an EPS of $0.95, surpassing analysts' estimates and showing a 35.1% increase in revenue year-over-year.
• About 89.92% of Vertiv's stock is currently owned by institutional investors, reflecting significant confidence in the company's future prospects.

Allianz Asset Management GmbH raised its position in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 72.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 477,025 shares of the company's stock after purchasing an additional 200,765 shares during the period. Allianz Asset Management GmbH owned 0.13% of Vertiv worth $61,255,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VRT. Fifth Third Bancorp raised its position in shares of Vertiv by 37.6% during the 1st quarter. Fifth Third Bancorp now owns 1,549 shares of the company's stock worth $112,000 after buying an additional 423 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Vertiv by 12.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 174,942 shares of the company's stock worth $12,631,000 after buying an additional 19,446 shares in the last quarter. Sowell Financial Services LLC bought a new stake in shares of Vertiv during the 1st quarter worth about $258,000. Kingswood Wealth Advisors LLC raised its position in shares of Vertiv by 2.7% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 8,110 shares of the company's stock worth $586,000 after buying an additional 210 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in shares of Vertiv by 2.8% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 90,293 shares of the company's stock worth $6,519,000 after purchasing an additional 2,465 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.

Vertiv Stock Performance

Shares of VRT opened at $174.11 on Friday. The company's 50 day moving average price is $143.22 and its 200 day moving average price is $119.86. Vertiv Holdings Co. has a 52 week low of $53.60 and a 52 week high of $184.44. The company has a market capitalization of $66.49 billion, a PE ratio of 83.31, a PEG ratio of 1.53 and a beta of 1.84. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.35 and a current ratio of 1.74.

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

Vertiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Monday, September 15th were given a dividend of $0.0375 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.15 dividend on an annualized basis and a yield of 0.1%. Vertiv's payout ratio is presently 7.18%.

Analyst Ratings Changes

A number of research firms recently commented on VRT. Deutsche Bank Aktiengesellschaft set a $216.00 target price on shares of Vertiv and gave the stock a "buy" rating in a report on Wednesday. Royal Bank Of Canada boosted their target price on shares of Vertiv from $143.00 to $162.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Rothschild & Co Redburn began coverage on shares of Vertiv in a report on Wednesday, August 20th. They issued a "neutral" rating and a $135.00 target price on the stock. Melius upgraded shares of Vertiv from a "hold" rating to a "buy" rating and set a $165.00 target price on the stock in a report on Tuesday, July 8th. Finally, Bank of America boosted their price target on shares of Vertiv from $140.00 to $150.00 and gave the company a "buy" rating in a report on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $160.30.

Insider Activity at Vertiv

In other news, Director Steven Reinemund sold 100,000 shares of the stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $128.22, for a total transaction of $12,822,000.00. Following the transaction, the director owned 133,333 shares in the company, valued at $17,095,957.26. This represents a 42.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul Ryan sold 22,218 shares of the 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 transaction, the insider owned 12,803 shares in the company, valued at approximately $1,630,334.02. This trade represents a 63.44% decrease in their position. The disclosure for this sale can be found here. Over 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.

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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