First Manhattan CO. LLC. Increases Stock Position in Vertiv Holdings Co. $VRT

Key Points

• First Manhattan CO. LLC increased its stake in Vertiv Holdings Co. by 131.7%, acquiring an additional 521,762 shares, bringing its total ownership to 918,021 shares valued at approximately $66.3 million.
• Vertiv has recently received multiple upgrades from analysts, with a consensus rating of "Moderate Buy" and an average price target of $142.00.
• The company reported a strong quarterly performance with an EPS of $0.95, beating estimates, and a revenue of $2.64 billion, marking a 35.1% year-over-year increase.

First Manhattan CO. LLC. lifted its stake in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 131.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 918,021 shares of the company's stock after purchasing an additional 521,762 shares during the quarter. First Manhattan CO. LLC. owned 0.24% of Vertiv worth $66,281,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Vertiv by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 37,715,159 shares of the company's stock valued at $2,723,034,000 after purchasing an additional 1,359,070 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Vertiv by 6.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,839,864 shares of the company's stock valued at $205,085,000 after purchasing an additional 182,937 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Vertiv by 54.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,314,934 shares of the company's stock valued at $263,000,000 after purchasing an additional 812,389 shares during the last quarter. 1832 Asset Management L.P. grew its holdings in shares of Vertiv by 985.3% during the 1st quarter. 1832 Asset Management L.P. now owns 2,301,700 shares of the company's stock valued at $166,183,000 after purchasing an additional 2,089,612 shares during the last quarter. Finally, New South Capital Management Inc. grew its holdings in Vertiv by 1.7% during the 1st quarter. New South Capital Management Inc. now owns 2,110,392 shares of the company's stock worth $152,370,000 after acquiring an additional 34,643 shares during the last quarter. 89.92% of the stock is owned by institutional investors.

Vertiv Stock Up 1.3%

Shares of Vertiv stock traded up $1.55 during trading on Wednesday, reaching $125.56. 4,034,738 shares of the company traded hands, compared to its average volume of 5,560,951. 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 Holdings Co. has a 1-year low of $53.60 and a 1-year high of $155.84. The company has a 50 day moving average price of $131.22 and a 200-day moving average price of $106.18. The firm has a market capitalization of $47.95 billion, a PE ratio of 38.19, a P/E/G ratio of 1.13 and a beta of 1.78.

Vertiv (NYSE:VRT - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.95 earnings per share (EPS) 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 company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the previous year, the company earned $0.67 EPS. Vertiv'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 research analysts expect that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Increases Dividend

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

Insider Buying and Selling at Vertiv

In other Vertiv news, 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 transaction of $5,059,801.89. Following the transaction, the executive vice president owned 9,551 shares in the company, valued at approximately $1,106,292.33. This represents a 82.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Paul Ryan sold 22,218 shares of the company's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $127.34, for a total transaction of $2,829,240.12. Following the transaction, the insider owned 12,803 shares in the company, valued at approximately $1,630,334.02. The trade was a 63.44% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 208,955 shares of company stock worth $26,477,307. Corporate insiders own 5.01% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on VRT shares. Bank of America boosted their target price on shares of Vertiv from $140.00 to $150.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. William Blair started coverage on shares of Vertiv in a report on Monday, July 28th. They set an "outperform" rating on the stock. Evercore ISI reissued an "outperform" rating on shares of Vertiv in a report on Thursday, July 10th. Morgan Stanley reissued an "overweight" rating on shares of Vertiv in a report on Sunday, August 10th. Finally, Citigroup upped their price objective on shares of Vertiv from $130.00 to $149.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $142.00.

About Vertiv

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.