Norges Bank established a new position in Vertiv Holdings Co. according to its latest 13F filing. The Norwegian central bank acquired 4,991,672 shares valued at approximately $808.7 million. This investment represents a 1.31% stake in the digital infrastructure company.
The move follows Vertiv’s strong financial performance. The company reported quarterly earnings of $1.17 per share. Revenue reached $2.65 billion, exceeding analyst expectations.
Vertiv issued positive guidance for the upcoming quarter and the full fiscal year. Wall Street analysts currently maintain a Moderate Buy consensus rating on the stock.