Vertiv Holdings Co. $VRT Stock: Sumitomo Mitsui DS Asset Management Company Ltd Reduces Position

Sumitomo Mitsui DS Asset Management Company Ltd lessened its position in shares of Vertiv Holdings Co. (NYSE:VRT) by 3.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 104,704 shares of the company’s stock after selling 3,222 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Vertiv were worth $25,266,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of Vertiv by 4.5% in the second quarter. State Street Corp now owns 16,531,530 shares of the company’s stock valued at $5,535,087,000 after acquiring an additional 704,970 shares during the period. Wellington Management Group LLP increased its holdings in shares of Vertiv by 14.1% in the 2nd quarter. Wellington Management Group LLP now owns 3,794,360 shares of the company’s stock valued at $1,270,428,000 after acquiring an additional 468,380 shares during the period. Legal & General Group Plc increased its holdings in shares of Vertiv by 1.1% in the 2nd quarter. Legal & General Group Plc now owns 2,138,967 shares of the company’s stock valued at $716,169,000 after acquiring an additional 23,444 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Vertiv by 1.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,709,276 shares of the company’s stock valued at $678,890,000 after purchasing an additional 51,328 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Vertiv by 33.7% in the 1st quarter. Bank of New York Mellon Corp now owns 2,410,642 shares of the company’s stock valued at $604,059,000 after purchasing an additional 608,176 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Trading Down 0.2%

NYSE:VRT opened at $205.97 on Tuesday. The firm has a market cap of $79.30 billion, a P/E ratio of 46.60, a PEG ratio of 0.77 and a beta of 2.05. The company has a current ratio of 1.38, a quick ratio of 1.03 and a debt-to-equity ratio of 0.62. The stock’s 50 day simple moving average is $254.42 and its 200-day simple moving average is $288.82. Vertiv Holdings Co. has a 12-month low of $147.82 and a 12-month high of $379.93.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, July 29th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.43 by $0.09. The business had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $3.38 billion. Vertiv had a return on equity of 50.47% and a net margin of 15.09%. The company’s quarterly revenue was up 24.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.95 earnings per share. Vertiv has set its Q3 2026 guidance at 1.770-1.830 EPS and its FY 2026 guidance at 6.650-6.750 EPS. Equities analysts anticipate that Vertiv Holdings Co. will post 6.73 EPS for the current year.

Vertiv Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Monday, September 14th were given a dividend of $0.0625 per share. The ex-dividend date was Monday, September 14th. This represents a $0.25 annualized dividend and a yield of 0.1%. Vertiv’s payout ratio is presently 5.66%.

Insider Activity

In other news, Director Edward Monser sold 15,287 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $253.82, for a total transaction of $3,880,146.34. Following the completion of the transaction, the director directly owned 16,500 shares of the company’s stock, valued at approximately $4,188,030. This represents a 48.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on VRT shares. HSBC decreased their price target on shares of Vertiv from $376.00 to $365.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Wells Fargo & Company began coverage on shares of Vertiv in a research report on Thursday, September 24th. They set an “overweight” rating and a $340.00 price objective on the stock. Robert W. Baird set a $320.00 price objective on shares of Vertiv and gave the company an “outperform” rating in a research note on Thursday, July 30th. Morgan Stanley set a $330.00 target price on shares of Vertiv in a research note on Friday. Finally, KeyCorp lowered their price target on Vertiv from $360.00 to $325.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $335.67.

Vertiv Company Profile

Vertiv Holdings Co (NYSE: VRT) designs, manufactures and services critical digital infrastructure that supports data centers, communication networks and other facilities requiring reliable power and environmental control. Its solutions are used by cloud and colocation providers, telecommunications companies, enterprises, industrial organizations and edge-computing operators.

The company’s offerings include uninterruptible power supplies, power distribution and management systems, thermal-management and cooling equipment, integrated racks and enclosures, modular infrastructure, and monitoring and control software.