Greenland Capital Management LP purchased a new stake in Vertiv Holdings Co. (NYSE:VRT – Free Report) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 1,785 shares of the company’s stock, valued at approximately $598,000.
Other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Vertiv during the fourth quarter valued at approximately $808,701,000. Marshall Wace LLP boosted its stake in shares of Vertiv by 265.6% in the fourth quarter. Marshall Wace LLP now owns 2,670,007 shares of the company’s stock worth $432,568,000 after acquiring an additional 1,939,749 shares during the last quarter. Jupiter Topco LLC acquired a new stake in shares of Vertiv in the second quarter worth approximately $441,083,000. Alkeon Capital Management LLC increased its position in shares of Vertiv by 178.2% during the fourth quarter. Alkeon Capital Management LLC now owns 2,003,110 shares of the company’s stock worth $324,524,000 after purchasing an additional 1,283,110 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Vertiv by 49.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,811,114 shares of the company’s stock valued at $361,033,000 after purchasing an additional 930,158 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Vertiv news, Director Edward Monser sold 15,287 shares of the business’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $253.82, for a total value of $3,880,146.34. Following the transaction, the director directly owned 16,500 shares in the company, valued at $4,188,030. The trade was a 48.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Check Out Our Latest Report on Vertiv
Vertiv Stock Performance
NYSE VRT opened at $280.76 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.03 and a current ratio of 1.38. The stock’s fifty day moving average is $282.18 and its two-hundred day moving average is $291.47. The firm has a market capitalization of $108.09 billion, a P/E ratio of 63.52, a price-to-earnings-growth ratio of 1.15 and a beta of 2.07. Vertiv Holdings Co. has a fifty-two week low of $118.70 and a fifty-two week high of $379.93.
Vertiv (NYSE:VRT – Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.09. Vertiv had a return on equity of 50.47% and a net margin of 15.09%.The business had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.38 billion. During the same period last year, the company earned $0.95 EPS. The company’s revenue for the quarter was up 24.1% on a year-over-year basis. Vertiv has set its Q3 2026 guidance at 1.770-1.830 EPS and its FY 2026 guidance at 6.650-6.750 EPS. On average, research analysts anticipate that Vertiv Holdings Co. will post 6.72 earnings per share for the current year.
Vertiv Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Monday, September 14th will be paid a dividend of $0.0625 per share. The ex-dividend date of this dividend is Monday, September 14th. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. Vertiv’s payout ratio is 5.66%.
Vertiv Company 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.
Further Reading
- Five stocks we like better than Vertiv
- 3 Under-the-Radar Defense Stocks With Record Backlogs
- This Korea ETF Has Soared, But the Rally May Not Be Over
- Why Guidewire’s Post-Earnings Plunge May Not Last
- Ride-Share Reckoning: Tesla Drives Into Uber’s Lane
Want to see what other hedge funds are holding VRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vertiv Holdings Co. (NYSE:VRT – Free Report).
Receive News & Ratings for Vertiv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vertiv and related companies with MarketBeat.com's FREE daily email newsletter.
