Baird Financial Group Inc. Sells 184,522 Shares of Vertiv Holdings Co. $VRT

Key Points

• Baird Financial Group Inc. reduced its stake in Vertiv Holdings Co. by 38.4%, selling 184,522 shares, which leaves them with 295,797 shares valued at approximately $21.36 million.
• During the same period, Panagora Asset Management Inc. increased its holdings by a staggering 5,953.6%, now owning 359,102 shares valued at around $25.93 million.
• Vertiv recently declared an increased dividend of $0.0375 per share, up from a previous dividend of $0.01, reflecting a dividend yield of 14.0%.

Baird Financial Group Inc. decreased its stake in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 38.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 295,797 shares of the company's stock after selling 184,522 shares during the period. Baird Financial Group Inc. owned approximately 0.08% of Vertiv worth $21,357,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. 1832 Asset Management L.P. boosted its holdings in Vertiv by 985.3% during the first quarter. 1832 Asset Management L.P. now owns 2,301,700 shares of the company's stock worth $166,183,000 after purchasing an additional 2,089,612 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Vertiv by 3.7% during the first quarter. Vanguard Group Inc. now owns 37,715,159 shares of the company's stock worth $2,723,034,000 after purchasing an additional 1,359,070 shares during the last quarter. Nuveen LLC acquired a new position in Vertiv during the first quarter worth $77,820,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Vertiv by 54.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,314,934 shares of the company's stock valued at $263,000,000 after acquiring an additional 812,389 shares during the last quarter. Finally, Voloridge Investment Management LLC lifted its stake in Vertiv by 370.7% in the fourth quarter. Voloridge Investment Management LLC now owns 607,384 shares of the company's stock valued at $69,005,000 after acquiring an additional 478,350 shares during the last quarter. Institutional investors own 89.92% of the company's stock.

Vertiv Stock Performance

Vertiv stock traded up $1.55 during midday trading on Wednesday, hitting $125.56. The company's stock had a trading volume of 4,034,738 shares, compared to its average volume of 9,069,909. Vertiv Holdings Co. has a 1-year low of $53.60 and a 1-year high of $155.84. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.74 and a quick ratio of 1.35. The company has a 50-day moving average price of $131.22 and a two-hundred day moving average price of $106.18. The company has a market cap of $47.95 billion, a price-to-earnings ratio of 60.08, a PEG ratio of 1.13 and a beta of 1.78.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.12. Vertiv had a net margin of 8.93% and a return on equity of 51.64%. The business had revenue of $2.64 billion during the quarter, compared to analysts' expectations of $2.36 billion. During the same quarter in the previous year, the company earned $0.67 EPS. The business's revenue was up 35.1% on a year-over-year basis. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. As a group, sell-side analysts predict that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, June 26th. Shareholders of record on Tuesday, June 17th were paid a $0.0375 dividend. This is a positive change from Vertiv's previous dividend of $0.01. The ex-dividend date was Monday, June 16th. This represents a yield of 14.0%. Vertiv's dividend payout ratio is presently 7.18%.

Insider Buying and Selling at Vertiv

In other Vertiv news, EVP Stephen Liang sold 43,683 shares of Vertiv stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $115.83, for a total value of $5,059,801.89. Following the completion of the sale, the executive vice president owned 9,551 shares in the company, valued at $1,106,292.33. The trade was a 82.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul Ryan sold 22,218 shares of Vertiv stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $127.34, for a total transaction of $2,829,240.12. Following the completion of the sale, the insider owned 12,803 shares of the company's stock, valued at $1,630,334.02. This trade represents a 63.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 208,955 shares of company stock worth $26,477,307 over the last quarter. Company insiders own 5.01% of the company's stock.

Analysts Set New Price Targets

VRT has been the topic of a number of research analyst reports. Melius Research raised shares of Vertiv from a "hold" rating to a "strong-buy" rating and upped their target price for the company from $134.00 to $165.00 in a report on Tuesday, July 8th. Mizuho boosted their price target on Vertiv from $125.00 to $150.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 16th. Roth Capital raised their price objective on Vertiv from $100.00 to $157.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Glj Research initiated coverage on Vertiv in a research note on Tuesday, August 19th. They set a "sell" rating and a $112.00 target price for the company. Finally, Redburn Atlantic upgraded Vertiv to a "hold" rating in a research note on Wednesday, August 20th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Vertiv has an average rating of "Moderate Buy" and an average price target of $142.00.

Vertiv Company 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.