Assenagon Asset Management S.A. Cuts Stock Holdings in Vertiv Holdings Co. $VRT

Assenagon Asset Management S.A. lessened its position in Vertiv Holdings Co. (NYSE:VRT) by 82.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,277 shares of the company’s stock after selling 165,535 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Vertiv were worth $5,322,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Promus Capital LLC purchased a new stake in Vertiv during the 2nd quarter valued at about $26,000. Avion Wealth boosted its holdings in shares of Vertiv by 99.1% during the 2nd quarter. Avion Wealth now owns 213 shares of the company’s stock worth $27,000 after purchasing an additional 106 shares during the last quarter. OLD Point Trust & Financial Services N A acquired a new position in shares of Vertiv during the 2nd quarter worth approximately $32,000. Banque Transatlantique SA purchased a new stake in shares of Vertiv in the first quarter valued at approximately $33,000. Finally, DiNuzzo Private Wealth Inc. increased its holdings in shares of Vertiv by 780.0% in the second quarter. DiNuzzo Private Wealth Inc. now owns 264 shares of the company’s stock valued at $34,000 after purchasing an additional 234 shares during the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Vertiv

In other Vertiv news, EVP Stephen Liang sold 5,501 shares of the company’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $170.48, for a total transaction of $937,810.48. Following the transaction, the executive vice president directly owned 4,050 shares in the company, valued at $690,444. This represents a 57.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.63% of the stock is currently owned by insiders.

Vertiv Stock Performance

NYSE VRT opened at $159.72 on Monday. The stock has a fifty day simple moving average of $176.27 and a 200-day simple moving average of $148.14. The company has a current ratio of 1.83, a quick ratio of 1.43 and a debt-to-equity ratio of 0.83. The stock has a market cap of $61.07 billion, a PE ratio of 60.27, a P/E/G ratio of 1.28 and a beta of 2.03. Vertiv Holdings Co. has a twelve month low of $53.60 and a twelve month high of $202.45.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, October 22nd. The company reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.25. The company had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.59 billion. Vertiv had a net margin of 10.67% and a return on equity of 50.82%. Vertiv’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.76 earnings per share. Vertiv has set its Q4 2025 guidance at 1.230-1.290 EPS and its FY 2025 guidance at 4.070-4.130 EPS. Equities analysts anticipate that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Tuesday, November 25th were issued a $0.0625 dividend. This is a boost from Vertiv’s previous quarterly dividend of $0.04. The ex-dividend date was Tuesday, November 25th. This represents a $0.25 annualized dividend and a yield of 0.2%. Vertiv’s payout ratio is 9.43%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. TD Cowen lifted their price objective on Vertiv from $162.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Wolfe Research downgraded Vertiv from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, December 9th. Weiss Ratings reissued a “buy (b)” rating on shares of Vertiv in a research report on Monday, December 8th. Barclays reissued a “neutral” rating and issued a $181.00 price objective on shares of Vertiv in a report on Thursday, December 4th. Finally, Evercore ISI raised their price objective on shares of Vertiv from $180.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, October 20th. Two research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $180.48.

About Vertiv

Vertiv is a global provider of critical digital infrastructure and continuity solutions for data centers, communication networks and commercial and industrial environments. Headquartered in Columbus, Ohio, the company designs, manufactures and services equipment and software that support power availability, thermal management and IT infrastructure management for a broad set of end markets, including hyperscale and enterprise data centers, colocation providers, telecom operators and industrial customers.

The company’s product portfolio includes uninterruptible power supplies (UPS), power distribution units (PDUs), battery and DC power systems, precision cooling and thermal management equipment, racks and enclosures, and integrated modular infrastructure.