Caisse DE Depot ET Placement DU Quebec Purchases 11,633 Shares of Vertiv Holdings Co. $VRT

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its ownership in Vertiv Holdings Co. by 9.5%, owning a total of 134,413 shares valued at approximately $9.7 million.
• Vertiv recently reported earnings per share (EPS) of $0.95, exceeding analyst estimates, and indicated a year-over-year revenue growth of 35.1% for the quarter.
• The company has experienced several analyst upgrades, with the consensus rating now at "Moderate Buy" and a target price of $142.00 based on analyst projections.

Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 9.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 134,413 shares of the company's stock after buying an additional 11,633 shares during the quarter. Caisse DE Depot ET Placement DU Quebec's holdings in Vertiv were worth $9,705,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in VRT. GW&K Investment Management LLC purchased a new position in shares of Vertiv during the first quarter worth about $26,000. SouthState Corp purchased a new position in shares of Vertiv during the first quarter worth about $27,000. North Star Investment Management Corp. grew its holdings in shares of Vertiv by 4,120.0% during the first quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock worth $30,000 after purchasing an additional 412 shares in the last quarter. Sachetta LLC grew its holdings in shares of Vertiv by 242.0% during the first quarter. Sachetta LLC now owns 448 shares of the company's stock worth $32,000 after purchasing an additional 317 shares in the last quarter. Finally, Colonial Trust Co SC lifted its position in Vertiv by 211.9% in the 4th quarter. Colonial Trust Co SC now owns 315 shares of the company's stock worth $36,000 after buying an additional 214 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Wall Street Analysts Forecast Growth

VRT has been the subject of a number of recent research reports. Mizuho boosted their target price on Vertiv from $125.00 to $150.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 16th. Evercore ISI restated an "outperform" rating on shares of Vertiv in a research report on Thursday, July 10th. Royal Bank Of Canada boosted their price objective on Vertiv from $143.00 to $162.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Glj Research started coverage on Vertiv in a research report on Tuesday, August 19th. They issued a "sell" rating and a $112.00 price objective for the company. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Vertiv in a research report on Friday, July 11th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Vertiv currently has a consensus rating of "Moderate Buy" and an average target price of $142.00.

Vertiv Stock Down 4.9%

VRT stock traded down $6.53 during midday trading on Friday, hitting $127.70. The stock had a trading volume of 6,363,320 shares, compared to its average volume of 6,130,561. The firm has a market cap of $48.76 billion, a price-to-earnings ratio of 61.10, a price-to-earnings-growth ratio of 1.18 and a beta of 1.77. The business has a 50-day moving average of $130.96 and a two-hundred day moving average of $105.98. Vertiv Holdings Co. has a 52-week low of $53.60 and a 52-week 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.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $2.64 billion for the quarter, compared to analysts' expectations of $2.36 billion. Vertiv had a return on equity of 51.64% and a net margin of 8.93%.The firm's revenue for the quarter was up 35.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.67 earnings per share. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. As a group, equities research analysts forecast that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th were issued a dividend of $0.0375 per share. The ex-dividend date of this dividend was Monday, June 16th. This is an increase from Vertiv's previous dividend of $0.01. This represents a dividend yield of 14.0%. Vertiv's dividend payout ratio is currently 7.18%.

Insiders Place Their Bets

In other news, Director Steven Reinemund sold 100,000 shares of the company's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $128.22, for a total transaction of $12,822,000.00. Following the transaction, the director directly owned 133,333 shares of the company's stock, valued at $17,095,957.26. This represents a 42.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Stephen Liang sold 43,683 shares of the company's stock in a transaction on 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 transaction, the executive vice president directly owned 9,551 shares in the company, valued at approximately $1,106,292.33. The trade was a 82.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 208,955 shares of company stock valued at $26,477,307. Company insiders own 2.63% of the company's stock.

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.