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Norges Bank and Scotia Capital increased stakes in Vertiv, which reported strong earnings and raised guidance, despite insider sales.
Norges Bank and Scotia Capital Inc. increased their stakes in Vertiv Holdings Co. during the second quarter, with Norges Bank buying $538 million worth of shares and Scotia Capital boosting its holding by 12.8%.
The company reported strong third-quarter results, with earnings per share of $1.24, up 29% year-over-year revenue of $2.68 billion, and raised full-year 2025 earnings guidance.
Vertiv declared a 56.25% higher quarterly dividend.
Despite positive financials and analyst upgrades, two insiders sold significant portions of their shares.
The stock has a market cap of $69.2 billion and a consensus "Moderate Buy" rating.
Norges Bank y Scotia Capital aumentaron sus participaciones en Vertiv, que reportó fuertes ganancias y mejoró la previsión, a pesar de las ventas internas.