Viking Fund Management LLC Lowers Stock Holdings in Vertiv Holdings Co. $VRT

Viking Fund Management LLC reduced its stake in Vertiv Holdings Co. (NYSE:VRT) by 21.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 26,000 shares of the company’s stock after selling 7,000 shares during the quarter. Viking Fund Management LLC’s holdings in Vertiv were worth $4,212,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Vertiv by 2.2% in the third quarter. Vanguard Group Inc. now owns 38,833,036 shares of the company’s stock valued at $5,858,352,000 after purchasing an additional 826,281 shares during the period. State Street Corp increased its holdings in Vertiv by 2.3% during the 3rd quarter. State Street Corp now owns 8,459,323 shares of the company’s stock worth $1,276,173,000 after purchasing an additional 189,484 shares during the period. Invesco Ltd. raised its position in Vertiv by 20.9% during the 2nd quarter. Invesco Ltd. now owns 5,931,488 shares of the company’s stock valued at $761,662,000 after purchasing an additional 1,024,634 shares in the last quarter. Norges Bank purchased a new stake in shares of Vertiv in the 2nd quarter worth $538,132,000. Finally, Winslow Capital Management LLC bought a new position in shares of Vertiv during the 2nd quarter worth $459,284,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VRT has been the subject of several recent research reports. Morgan Stanley restated an “overweight” rating and issued a $285.00 price objective on shares of Vertiv in a report on Friday, February 13th. Wolfe Research cut shares of Vertiv from an “outperform” rating to a “peer perform” rating in a report on Tuesday, December 9th. Oppenheimer reissued an “outperform” rating and set a $270.00 target price on shares of Vertiv in a research report on Thursday, February 12th. Evercore reiterated an “outperform” rating and set a $280.00 price objective on shares of Vertiv in a research note on Wednesday, February 11th. Finally, Mizuho boosted their price objective on shares of Vertiv from $198.00 to $290.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Vertiv has a consensus rating of “Moderate Buy” and a consensus price target of $230.28.

Vertiv Stock Up 5.7%

NYSE:VRT opened at $270.47 on Wednesday. The company’s 50-day simple moving average is $226.45 and its 200-day simple moving average is $187.74. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.22 and a current ratio of 1.55. Vertiv Holdings Co. has a fifty-two week low of $53.60 and a fifty-two week high of $276.78. The stock has a market capitalization of $103.48 billion, a P/E ratio of 79.32, a P/E/G ratio of 1.29 and a beta of 2.02.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $1.36 EPS for the quarter, topping the consensus estimate of $1.29 by $0.07. Vertiv had a net margin of 13.03% and a return on equity of 49.55%. The firm had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same quarter in the previous year, the business posted $0.99 EPS. Vertiv’s revenue was up 22.7% on a year-over-year basis. Vertiv has set its Q1 2026 guidance at 0.950-1.010 EPS and its FY 2026 guidance at 5.970-6.070 EPS. On average, equities analysts anticipate that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Tuesday, March 17th will be issued a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Tuesday, March 17th. Vertiv’s dividend payout ratio is currently 7.33%.

Insider Transactions at Vertiv

In other Vertiv news, Director Edward L. Monser sold 77,294 shares of the stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $245.49, for a total value of $18,974,904.06. Following the completion of the sale, the director directly owned 16,500 shares in the company, valued at approximately $4,050,585. This trade represents a 82.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Roger Fradin sold 101,666 shares of the firm’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $252.13, for a total value of $25,633,048.58. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 489,761 shares of company stock worth $123,356,815. 5.01% of the stock is currently owned by corporate insiders.

About Vertiv

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.