Ameriprise Financial Inc. Has $135.64 Million Stake in Vertiv Holdings Co. $VRT

Key Points

• A 29.4% reduction in holdings by Ameriprise Financial in Vertiv Holdings Co. was reported, resulting in the investment firm owning approximately $135.6 million worth of shares.
• Several institutional investors increased their stakes in Vertiv, with North Star Investment Management raising its stake by 4,120%, now owning 422 shares valued at $30,000.
• Analysts have raised price targets on Vertiv, with Mizuho setting a new target of $150.00 and Royal Bank of Canada at $162.00, indicating a positive outlook for the company's stock.

Ameriprise Financial Inc. trimmed its position in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 29.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,880,956 shares of the company's stock after selling 784,949 shares during the period. Ameriprise Financial Inc. owned about 0.49% of Vertiv worth $135,638,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Colonial Trust Co SC grew its stake in shares of Vertiv by 211.9% during the fourth quarter. Colonial Trust Co SC now owns 315 shares of the company's stock worth $36,000 after purchasing an additional 214 shares in the last quarter. Ameriflex Group Inc. purchased a new position in Vertiv during the fourth quarter worth about $37,000. GW&K Investment Management LLC purchased a new position in Vertiv in the first quarter valued at about $26,000. SouthState Corp purchased a new position in Vertiv in the first quarter valued at about $27,000. Finally, BNP Paribas purchased a new position in shares of Vertiv during the 4th quarter worth approximately $45,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Vertiv

In other news, EVP Stephen Liang sold 43,683 shares of the business's stock in a transaction dated 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 sale, the executive vice president owned 9,551 shares of the company's stock, valued at approximately $1,106,292.33. The trade was a 82.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Karsten Winther sold 41,654 shares of the company's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $134.21, for a total transaction of $5,590,383.34. Following the sale, the insider directly owned 18,848 shares of the company's stock, valued at $2,529,590.08. This represents a 68.85% decrease in their position. The disclosure for this sale can be found here. 2.63% of the stock is owned by insiders.

Vertiv Price Performance

Shares of Vertiv stock traded down $0.90 during mid-day trading on Monday, reaching $125.07. 4,607,954 shares of the stock were exchanged, compared to its average volume of 7,698,873. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 0.93. The company has a market cap of $47.76 billion, a price-to-earnings ratio of 59.84, a price-to-earnings-growth ratio of 1.11 and a beta of 1.77. Vertiv Holdings Co. has a fifty-two week low of $53.60 and a fifty-two week high of $155.84. The firm has a 50-day simple moving average of $130.06 and a 200 day simple moving average of $105.58.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $2.36 billion. During the same quarter last year, the company posted $0.67 EPS. The company's quarterly revenue was up 35.1% compared to the same quarter last year. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. On average, sell-side analysts predict that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, June 26th. Investors of record on Tuesday, June 17th were issued a dividend of $0.0375 per share. The ex-dividend date was Monday, June 16th. This is a positive change from Vertiv's previous dividend of $0.01. This represents a yield of 14.0%. Vertiv's dividend payout ratio is presently 7.18%.

Analysts Set New Price Targets

VRT has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Vertiv from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 21st. The Goldman Sachs Group reiterated a "buy" rating on shares of Vertiv in a research note on Friday, July 11th. Oppenheimer upped their target price on shares of Vertiv from $140.00 to $151.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Citigroup increased their price objective on shares of Vertiv from $130.00 to $149.00 and gave the company a "buy" rating in a report on Monday, July 14th. Finally, JPMorgan Chase & Co. increased their target price on shares of Vertiv from $127.00 to $150.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Vertiv currently has a consensus rating of "Moderate Buy" and an average price target of $142.00.

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.