Allspring Global Investments Holdings LLC Acquires 58,480 Shares of Vertiv Holdings Co. $VRT

Allspring Global Investments Holdings LLC lifted its stake in shares of Vertiv Holdings Co. (NYSE:VRT) by 18.5% during the third quarter, Holdings Channel.com reports. The firm owned 374,537 shares of the company’s stock after buying an additional 58,480 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Vertiv were worth $60,521,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Vertiv by 0.8% during the second quarter. Vanguard Group Inc. now owns 38,006,755 shares of the company’s stock worth $4,880,447,000 after acquiring an additional 291,596 shares during the last quarter. State Street Corp boosted its holdings in Vertiv by 5.7% in the second quarter. State Street Corp now owns 8,269,839 shares of the company’s stock valued at $1,061,930,000 after acquiring an additional 442,937 shares during the last quarter. Amundi increased its position in Vertiv by 96.8% in the first quarter. Amundi now owns 6,951,773 shares of the company’s stock worth $469,490,000 after purchasing an additional 3,420,144 shares during the period. Geode Capital Management LLC raised its holdings in Vertiv by 3.4% during the 2nd quarter. Geode Capital Management LLC now owns 6,686,778 shares of the company’s stock worth $856,082,000 after purchasing an additional 219,970 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Vertiv by 20.9% during the 2nd quarter. Invesco Ltd. now owns 5,931,488 shares of the company’s stock worth $761,662,000 after purchasing an additional 1,024,634 shares during the last quarter. 89.92% of the stock is owned by institutional investors.

Insider Activity

In other Vertiv news, EVP Stephen Liang sold 5,501 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $170.48, for a total transaction of $937,810.48. Following the completion of the sale, the executive vice president directly owned 4,050 shares in the company, valued at $690,444. This trade represents a 57.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.63% of the company’s stock.

Vertiv Price Performance

Shares of NYSE VRT opened at $162.22 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.83 and a quick ratio of 1.43. The business has a 50-day moving average of $174.20 and a 200-day moving average of $150.96. The stock has a market capitalization of $62.02 billion, a price-to-earnings ratio of 61.22, a PEG ratio of 1.30 and a beta of 2.06. Vertiv Holdings Co. has a fifty-two week low of $53.60 and a fifty-two week high of $202.45.

Vertiv (NYSE:VRT) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $2.59 billion. Vertiv had a net margin of 10.67% and a return on equity of 50.82%. The company’s quarterly revenue was up 29.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.76 EPS. Vertiv has set its Q4 2025 guidance at 1.230-1.290 EPS and its FY 2025 guidance at 4.070-4.130 EPS. As a group, sell-side analysts predict that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Increases Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on VRT shares. Wolfe Research lowered shares of Vertiv from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, December 9th. Cfra Research raised Vertiv to a “moderate buy” rating in a research note on Tuesday, October 7th. Mizuho boosted their target price on Vertiv from $165.00 to $198.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Citigroup increased their price target on shares of Vertiv from $198.00 to $220.00 and gave the company a “buy” rating in a research report on Monday, December 8th. Finally, Roth Capital reissued a “buy” rating and set a $195.00 price objective (up previously from $162.00) on shares of Vertiv in a research note on Tuesday, October 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $180.48.

Vertiv Profile

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.