Chicago Capital LLC Grows Stock Position in Vertiv Holdings Co. $VRT

Key Points

• Chicago Capital LLC increased its stake in Vertiv Holdings Co. by 139.3% in the 2nd quarter, owning 274,630 shares valued at approximately $35.3 million at the end of the reporting period.
• Vertiv received positive analyst ratings, with Melius Research upgrading it to a "strong-buy" and raising the target price to $165.00, while the consensus rating is a "Moderate Buy".
• The company reported a 35.1% year-over-year increase in revenue last quarter, totaling $2.64 billion, and its earnings per share exceeded expectations at $0.95.

Chicago Capital LLC increased its position in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 139.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 274,630 shares of the company's stock after buying an additional 159,877 shares during the quarter. Chicago Capital LLC owned about 0.07% of Vertiv worth $35,265,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in VRT. Ibex Wealth Advisors increased its holdings in Vertiv by 10.5% in the 1st quarter. Ibex Wealth Advisors now owns 73,739 shares of the company's stock valued at $5,324,000 after purchasing an additional 6,989 shares during the last quarter. FengHe Fund Management Pte. Ltd. acquired a new stake in Vertiv in the 1st quarter valued at approximately $33,389,000. Viking Fund Management LLC increased its holdings in Vertiv by 123.5% in the 1st quarter. Viking Fund Management LLC now owns 38,000 shares of the company's stock valued at $2,744,000 after purchasing an additional 21,000 shares during the last quarter. Outlook Wealth Advisors LLC acquired a new stake in Vertiv in the 1st quarter valued at approximately $475,000. Finally, Fox Run Management L.L.C. increased its holdings in Vertiv by 449.9% in the 1st quarter. Fox Run Management L.L.C. now owns 21,545 shares of the company's stock valued at $1,556,000 after purchasing an additional 17,627 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Melius Research upgraded shares of Vertiv from a "hold" rating to a "strong-buy" rating and lifted their target price for the company from $134.00 to $165.00 in a report on Tuesday, July 8th. Mizuho lifted their target price on shares of Vertiv from $125.00 to $150.00 and gave the company an "outperform" rating in a report on Wednesday, July 16th. Morgan Stanley reiterated an "overweight" rating on shares of Vertiv in a report on Sunday, August 10th. The Goldman Sachs Group set a $159.00 price target on shares of Vertiv in a research note on Monday. Finally, William Blair began coverage on shares of Vertiv in a research note on Monday, July 28th. They issued an "outperform" rating for the company. 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, Vertiv has a consensus rating of "Moderate Buy" and an average price target of $144.10.

Insider Activity at Vertiv

In other news, insider Karsten Winther sold 41,654 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $134.21, for a total value of $5,590,383.34. Following the sale, the insider directly owned 18,848 shares in the company, valued at $2,529,590.08. This represents a 68.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jakki L. Haussler sold 15,680 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $123.92, for a total transaction of $1,943,065.60. Following the completion of the sale, the director owned 4,631 shares in the company, valued at $573,873.52. This represents a 77.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 180,952 shares of company stock valued at $23,360,571. 5.01% of the stock is owned by corporate insiders.

Vertiv Price Performance

Shares of NYSE:VRT opened at $143.41 on Tuesday. The stock has a market capitalization of $54.76 billion, a price-to-earnings ratio of 68.62, a PEG ratio of 1.22 and a beta of 1.78. Vertiv Holdings Co. has a one year low of $53.60 and a one year high of $155.84. The company has a 50-day simple moving average of $135.06 and a 200-day simple moving average of $112.15. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.35 and a current ratio of 1.74.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.12. The firm had revenue of $2.64 billion during the quarter, compared to analysts' expectations of $2.36 billion. Vertiv had a net margin of 8.93% and a return on equity of 51.64%. 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 company posted $0.67 earnings per share. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. On average, analysts predict that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Monday, September 15th were given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.1%. The ex-dividend date was Monday, September 15th. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.