Cannon Global Investment Management LLC Takes Position in Vertiv Holdings Co. $VRT

Key Points

• Cannon Global Investment Management LLC acquired a new stake in Vertiv Holdings, purchasing 7,500 shares valued at approximately $963,000, making it the 11th largest holding in their portfolio.
• Equities research analysts have revised their target prices for Vertiv, with Barclays raising it to $145.00 and JPMorgan Chase & Co. increasing it to $206.00, reflecting strong interest in the company's prospects.
• Vertiv recently announced a quarterly dividend of $0.0375 per share, which corresponds to an annualized dividend yield of 0.1%, illustrating the company's commitment to returning value to shareholders.

Cannon Global Investment Management LLC acquired a new stake in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,500 shares of the company's stock, valued at approximately $963,000. Vertiv accounts for 2.0% of Cannon Global Investment Management LLC's investment portfolio, making the stock its 11th largest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in VRT. GW&K Investment Management LLC bought a new stake in shares of Vertiv during the first quarter worth about $26,000. SouthState Corp bought a new stake in shares of Vertiv during the first quarter worth about $27,000. Sachetta LLC increased its position 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 acquiring an additional 317 shares in the last quarter. Banque Transatlantique SA bought a new stake in shares of Vertiv during the first quarter worth about $33,000. Finally, DiNuzzo Private Wealth Inc. increased its position in shares of Vertiv by 780.0% during the second quarter. DiNuzzo Private Wealth Inc. now owns 264 shares of the company's stock worth $34,000 after acquiring an additional 234 shares in the last quarter. 89.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Barclays boosted their target price on shares of Vertiv from $128.00 to $145.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 1st. JPMorgan Chase & Co. boosted their target price on shares of Vertiv from $150.00 to $206.00 and gave the stock an "overweight" rating in a research report on Wednesday. Royal Bank Of Canada upped their price objective on shares of Vertiv from $143.00 to $162.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Citigroup upped their price objective on shares of Vertiv from $167.00 to $192.00 and gave the stock a "buy" rating in a research report on Thursday, October 9th. Finally, Deutsche Bank Aktiengesellschaft set a $216.00 price objective on shares of Vertiv and gave the stock a "buy" rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Vertiv has an average rating of "Moderate Buy" and a consensus price target of $160.30.

Vertiv Stock Down 2.1%

Vertiv stock opened at $174.11 on Friday. Vertiv Holdings Co. has a twelve month low of $53.60 and a twelve month high of $184.44. The firm has a 50 day moving average price of $143.22 and a 200-day moving average price of $119.86. The company has a market capitalization of $66.49 billion, a P/E ratio of 83.31, a P/E/G ratio of 1.53 and a beta of 1.84. 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 released its earnings results on Wednesday, July 30th. The company reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.83 by $0.12. Vertiv had a net margin of 8.93% and a return on equity of 51.64%. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the prior year, the firm earned $0.67 EPS. The company's 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 EPS for the current year.

Vertiv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Monday, September 15th were given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, September 15th. Vertiv's dividend payout ratio is currently 7.18%.

Insider Activity at Vertiv

In other news, Director Steven Reinemund sold 100,000 shares of the stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $128.22, for a total transaction of $12,822,000.00. Following the completion of 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul Ryan sold 22,218 shares of the stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $127.34, for a total transaction of $2,829,240.12. Following the transaction, the insider directly owned 12,803 shares of the company's stock, valued at $1,630,334.02. This represents a 63.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 180,952 shares of company stock valued at $23,360,571 over the last quarter. 2.63% of the stock is currently owned by insiders.

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.

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