Skandinaviska Enskilda Banken AB publ Has $13.67 Million Holdings in Vertiv Holdings Co. $VRT

Skandinaviska Enskilda Banken AB publ trimmed its position in shares of Vertiv Holdings Co. (NYSE:VRT) by 12.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 106,444 shares of the company’s stock after selling 15,000 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Vertiv were worth $13,670,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Norges Bank acquired a new position in Vertiv in the second quarter worth approximately $538,132,000. Amundi increased its stake in shares of Vertiv by 96.8% during the 1st 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 last quarter. 1832 Asset Management L.P. increased its stake in shares of Vertiv by 985.3% during the 1st quarter. 1832 Asset Management L.P. now owns 2,301,700 shares of the company’s stock worth $166,183,000 after purchasing an additional 2,089,612 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of Vertiv by 100.1% during the 2nd quarter. Nordea Investment Management AB now owns 3,246,769 shares of the company’s stock valued at $415,132,000 after purchasing an additional 1,624,456 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Vertiv by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 37,715,159 shares of the company’s stock valued at $2,723,034,000 after purchasing an additional 1,359,070 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

Insiders Place Their Bets

In other Vertiv news, Director Jakki L. Haussler sold 15,680 shares of the stock in a transaction on Monday, September 8th. The shares were sold at an average price of $123.92, for a total value of $1,943,065.60. Following the completion of the sale, the director directly owned 4,631 shares of the company’s stock, valued at $573,873.52. This represents a 77.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Stephen Liang sold 5,501 shares of the business’s stock in a transaction dated 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 owned 4,050 shares in the company, valued at approximately $690,444. The trade was a 57.60% decrease in their position. The SEC filing for this sale provides additional information. 2.63% of the stock is owned by corporate insiders.

Vertiv Price Performance

NYSE VRT opened at $181.00 on Friday. The stock has a 50-day simple moving average of $171.03 and a 200 day simple moving average of $141.07. Vertiv Holdings Co. has a twelve month low of $53.60 and a twelve month high of $202.45. The stock has a market capitalization of $69.20 billion, a PE ratio of 68.30, a P/E/G ratio of 1.46 and a beta of 1.87. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.43 and a current ratio of 1.83.

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

Vertiv Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Tuesday, November 25th will be paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 0.1%. The ex-dividend date is Tuesday, November 25th. This is an increase from Vertiv’s previous quarterly dividend of $0.04. Vertiv’s dividend payout ratio is currently 9.43%.

Analyst Ratings Changes

A number of brokerages recently issued reports on VRT. Weiss Ratings upgraded shares of Vertiv from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, November 19th. Rothschild & Co Redburn initiated coverage on Vertiv in a research note on Wednesday, August 20th. They set a “neutral” rating and a $135.00 price target for the company. Mizuho increased their price objective on Vertiv from $165.00 to $198.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Deutsche Bank Aktiengesellschaft set a $216.00 price objective on Vertiv and gave the company a “buy” rating in a research note on Wednesday, October 15th. Finally, UBS Group upped their target price on Vertiv from $173.00 to $201.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Vertiv has an average rating of “Moderate Buy” and an average price target of $177.81.

About Vertiv

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.