Canada Pension Plan Investment Board Increases Stake in Vertiv Holdings Co. $VRT

Key Points

• Canada Pension Plan Investment Board increased its holdings in Vertiv Holdings Co. by 287% during the first quarter, owning $42.95 million worth of shares.
• Vertiv recently reported a 35.1% increase in quarterly revenue year-over-year, totaling $2.64 billion, with earnings per share surpassing estimates.
• The company announced a recent dividend increase to $0.0375 per share, representing a yield of 14.0%, up from the previous dividend of $0.01.

Canada Pension Plan Investment Board increased its stake in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 287.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 594,892 shares of the company's stock after buying an additional 441,163 shares during the period. Canada Pension Plan Investment Board owned about 0.16% of Vertiv worth $42,951,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in VRT. GW&K Investment Management LLC purchased a new stake in shares of Vertiv during the 1st quarter worth approximately $26,000. SouthState Corp purchased a new position in Vertiv in the first quarter valued at approximately $27,000. North Star Investment Management Corp. grew its holdings in Vertiv by 4,120.0% during the first quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock valued at $30,000 after purchasing an additional 412 shares during the period. Sachetta LLC increased its position in Vertiv by 242.0% in the first quarter. Sachetta LLC now owns 448 shares of the company's stock worth $32,000 after buying an additional 317 shares during the last quarter. Finally, Colonial Trust Co SC raised its stake in shares of Vertiv by 211.9% in the fourth quarter. Colonial Trust Co SC now owns 315 shares of the company's stock valued at $36,000 after buying an additional 214 shares during the period. Hedge funds and other institutional investors own 89.92% of the company's stock.

Analysts Set New Price Targets

VRT has been the subject of several research reports. Roth Capital increased their price target on Vertiv from $100.00 to $157.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Vertiv in a report on Friday, July 11th. Barclays set a $128.00 target price on shares of Vertiv and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. Redburn Atlantic upgraded shares of Vertiv to a "hold" rating in a research note on Wednesday, August 20th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Vertiv in a report on Sunday, August 10th. Two investment 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $142.00.

Insider Activity at Vertiv

In other news, insider Karsten Winther sold 41,654 shares of the firm's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $134.21, for a total transaction of $5,590,383.34. Following the sale, the insider owned 18,848 shares in the company, valued at approximately $2,529,590.08. This trade represents a 68.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Paul Ryan sold 22,218 shares of the firm's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $127.34, for a total value of $2,829,240.12. Following the sale, the insider owned 12,803 shares in the company, valued at $1,630,334.02. The trade was a 63.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold 208,955 shares of company stock worth $26,477,307 over the last quarter. 5.01% of the stock is currently owned by corporate insiders.

Vertiv Price Performance

Shares of VRT stock traded down $6.53 on Friday, reaching $127.70. The company's stock had a trading volume of 6,363,320 shares, compared to its average volume of 5,898,191. The company has a market capitalization of $48.76 billion, a P/E ratio of 61.10, a PEG ratio of 1.13 and a beta of 1.78. Vertiv Holdings Co. has a 12-month low of $53.60 and a 12-month high of $155.84. The stock's 50 day simple moving average is $130.96 and its 200-day simple moving average is $105.92. The company has a quick ratio of 1.35, a current ratio of 1.74 and a debt-to-equity ratio of 0.93.

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

Vertiv Increases Dividend

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

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.