Candriam S.C.A. Decreases Holdings in Vertiv Holdings Co. $VRT

Key Points

• Candriam S.C.A. significantly reduced its stake in Vertiv Holdings Co. by selling 193,991 shares, which represents an 85.2% decrease in their holdings during the first quarter.
• Research analysts have raised price targets for Vertiv, with the consensus rating at "Moderate Buy" and an average target price of $142.00, signaling positive sentiment in the market.
• Vertiv recently increased its dividend to $0.0375, yielding 14.0%, indicating a positive change from its previous dividend, which reflects the company's commitment to returning value to shareholders.

Candriam S.C.A. trimmed its stake in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 85.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,586 shares of the company's stock after selling 193,991 shares during the period. Candriam S.C.A.'s holdings in Vertiv were worth $2,425,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of VRT. GW&K Investment Management LLC purchased a new position in Vertiv during the first quarter worth approximately $26,000. SouthState Corp purchased a new position in Vertiv during the first quarter worth approximately $27,000. North Star Investment Management Corp. lifted its position in shares of Vertiv by 4,120.0% in the first quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock valued at $30,000 after acquiring an additional 412 shares in the last quarter. Sachetta LLC lifted its position in shares of Vertiv by 242.0% in the first quarter. Sachetta LLC now owns 448 shares of the company's stock valued at $32,000 after acquiring an additional 317 shares in the last quarter. Finally, Colonial Trust Co SC lifted its position 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 acquiring an additional 214 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VRT. Evercore ISI restated an "outperform" rating on shares of Vertiv in a research report on Thursday, July 10th. JPMorgan Chase & Co. increased their price target on Vertiv from $127.00 to $150.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Melius raised Vertiv from a "hold" rating to a "buy" rating and set a $165.00 price target for the company in a report on Tuesday, July 8th. Roth Capital raised their target price on Vertiv from $100.00 to $157.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Finally, Morgan Stanley reissued an "overweight" rating on shares of Vertiv in a research note on Sunday, August 10th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $142.00.

Vertiv Stock Down 0.7%

NYSE VRT traded down $0.90 during trading on Monday, reaching $125.07. 4,607,954 shares of the company's stock were exchanged, compared to its average volume of 7,698,873. The stock has a market cap of $47.76 billion, a P/E ratio of 59.84, a price-to-earnings-growth ratio of 1.11 and a beta of 1.77. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.35 and a current ratio of 1.74. The company has a 50 day moving average price of $130.06 and a two-hundred day moving average price of $105.58. Vertiv Holdings Co. has a 1 year low of $53.60 and a 1 year high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the previous year, the business earned $0.67 EPS. The business's quarterly revenue was up 35.1% on a year-over-year basis. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. On average, equities research analysts anticipate that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, June 26th. Investors of record on Tuesday, June 17th were given a $0.0375 dividend. This is a boost 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 payout ratio is presently 7.18%.

Insider Activity

In other Vertiv news, insider Karsten Winther sold 41,654 shares of the business's stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $134.21, for a total transaction of $5,590,383.34. Following the transaction, the insider owned 18,848 shares in the company, valued at approximately $2,529,590.08. The trade was a 68.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Stephen Liang sold 43,683 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $115.83, for a total value of $5,059,801.89. Following the transaction, 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 disclosure for this sale can be found here. Insiders own 2.63% of the company's stock.

Vertiv 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.