Sun Sep 15 10:46:58 UTC 2024: ## Institutional Investors Show Interest in Vertiv Holdings Co. (VRT)

**New York, NY (September 15, 2024)** – Vertiv Holdings Co. (NYSE:VRT) has seen a surge in institutional investor interest, with several firms taking new positions or increasing their existing stakes in the company during the second quarter.

Choreo LLC initiated a new position in Vertiv, acquiring 7,289 shares worth approximately $631,000. Other notable investors included Wedbush Securities Inc., which increased its stake by 56.9%, and Prudential PLC, which boosted its position by a significant 511.7%. Quest Partners LLC also showed significant interest, expanding its stake by a staggering 10,440%.

In addition to these investments, Varma Mutual Pension Insurance Co. acquired a new stake worth $3,030,000, while Prestige Wealth Management Group LLC took a new position valued at $319,000. Overall, hedge funds and institutional investors now own 89.92% of Vertiv’s outstanding stock.

Meanwhile, insider Karsten Winther sold 44,924 shares of Vertiv stock on September 3rd, for a total transaction of $3,593,470.76. Following the sale, Winther holds 10,542 shares of the company.

Vertiv recently reported strong second-quarter earnings, exceeding analyst expectations with earnings per share of $0.67 and revenue of $1.95 billion. The company has a market cap of $32.10 billion and a price-to-earnings ratio of 82.46.

Vertiv also declared a quarterly dividend of $0.025 per share, payable on September 26th.

The company designs, manufactures, and services critical digital infrastructure technologies for data centers, communication networks, and commercial and industrial environments worldwide.

**Analysts** expect Vertiv to post earnings per share of 2.58 for the current year.

**To learn more about Vertiv Holdings Co. (NYSE:VRT) and its stock performance, visit HoldingsChannel.com.**

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