Mirae Asset Global Investments Co. Ltd. Has $17.96 Million Stock Holdings in Vertiv Holdings Co. $VRT

Mirae Asset Global Investments Co. Ltd. grew its stake in Vertiv Holdings Co. (NYSE:VRT) by 41.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 139,859 shares of the company’s stock after buying an additional 41,094 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Vertiv were worth $17,959,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. DiNuzzo Private Wealth Inc. grew its stake in Vertiv by 780.0% during the second quarter. DiNuzzo Private Wealth Inc. now owns 264 shares of the company’s stock worth $34,000 after purchasing an additional 234 shares during the period. Garde Capital Inc. grew its stake in Vertiv by 1,886.7% during the second quarter. Garde Capital Inc. now owns 298 shares of the company’s stock worth $38,000 after purchasing an additional 283 shares during the period. GW&K Investment Management LLC acquired a new stake in Vertiv during the first quarter worth approximately $26,000. SouthState Corp acquired a new stake in Vertiv during the first quarter worth approximately $27,000. Finally, North Star Investment Management Corp. grew its stake in Vertiv by 4,120.0% during the first quarter. North Star Investment Management Corp. now owns 422 shares of the company’s stock worth $30,000 after purchasing an additional 412 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Bank of America raised their target price on Vertiv from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. Wall Street Zen raised Vertiv from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 21st. William Blair started coverage on Vertiv in a research note on Monday, July 28th. They issued an “outperform” rating for the company. Melius Research raised Vertiv from a “hold” rating to a “strong-buy” rating and raised their price objective for the company from $134.00 to $165.00 in a research note on Tuesday, July 8th. Finally, Melius raised Vertiv from a “hold” rating to a “buy” rating and set a $165.00 price objective for the company in a research note on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $144.95.

Insider Buying and Selling

In other news, insider Karsten Winther sold 41,654 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $134.21, for a total value of $5,590,383.34. Following the transaction, the insider owned 18,848 shares in the company, valued at $2,529,590.08. This trade represents a 68.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven Reinemund sold 100,000 shares of Vertiv stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $128.22, for a total value of $12,822,000.00. Following the sale, the director owned 133,333 shares in the company, valued at $17,095,957.26. This trade represents a 42.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 180,952 shares of company stock worth $23,360,571 over the last three months. Company insiders own 2.63% of the company’s stock.

Vertiv Stock Down 0.7%

VRT stock opened at $160.45 on Friday. Vertiv Holdings Co. has a twelve month low of $53.60 and a twelve month high of $168.99. The company has a quick ratio of 1.35, a current ratio of 1.74 and a debt-to-equity ratio of 0.93. The stock’s 50 day moving average is $137.27 and its 200-day moving average is $113.95. The firm has a market capitalization of $61.27 billion, a PE ratio of 76.77, a P/E/G ratio of 1.41 and a beta of 1.84.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, July 30th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.12. Vertiv had a return on equity of 51.64% and a net margin of 8.93%.The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter last year, the company earned $0.67 earnings per share. The company’s revenue for the quarter was up 35.1% on a year-over-year basis. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. Sell-side analysts expect that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Monday, September 15th were issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Monday, September 15th. Vertiv’s dividend payout ratio (DPR) is currently 7.18%.

Vertiv Profile

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.