Fishman Jay A Ltd. MI Purchases 48,775 Shares of Vertiv Holdings Co. $VRT

Key Points

• Fishman Jay A Ltd. MI increased its stake in Vertiv Holdings Co. by 43.9% during the 2nd quarter, now holding a total of 159,835 shares worth approximately $20.5 million.
• Vertiv reported Q2 earnings per share of $0.95, surpassing analysts' expectations of $0.83, and announced a $0.0375 quarterly dividend with a yield of 0.1%.
• Institutional investors own about 89.92% of Vertiv's stock, indicating strong backing from large financial entities.

Fishman Jay A Ltd. MI lifted its stake in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 43.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 159,835 shares of the company's stock after purchasing an additional 48,775 shares during the period. Vertiv accounts for approximately 2.0% of Fishman Jay A Ltd. MI's holdings, making the stock its 13th largest holding. Fishman Jay A Ltd. MI's holdings in Vertiv were worth $20,524,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Chung Wu Investment Group LLC acquired a new stake in shares of Vertiv in the second quarter valued at about $345,000. Valeo Financial Advisors LLC bought a new stake in shares of Vertiv during the second quarter worth approximately $269,000. DAVENPORT & Co LLC bought a new stake in shares of Vertiv during the second quarter worth approximately $270,000. Woodmont Investment Counsel LLC acquired a new stake in shares of Vertiv in the second quarter valued at approximately $225,000. Finally, Beacon Financial Advisory LLC acquired a new stake in shares of Vertiv in the second quarter valued at approximately $264,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Vertiv Price Performance

Shares of NYSE VRT opened at $160.45 on Monday. The stock's 50-day simple moving average is $137.27 and its two-hundred day simple moving average is $114.13. The company has a quick ratio of 1.35, a current ratio of 1.74 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $61.27 billion, a P/E ratio of 76.77, a P/E/G ratio of 1.41 and a beta of 1.84. Vertiv Holdings Co. has a twelve month low of $53.60 and a twelve month high of $168.99.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $2.64 billion for 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 business's quarterly revenue was up 35.1% on a year-over-year basis. During the same quarter last year, the company posted $0.67 EPS. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. As a group, equities analysts anticipate that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

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

Insider Activity

In other news, insider Paul Ryan sold 22,218 shares of the company's stock in a transaction that occurred on 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 transaction, the insider owned 12,803 shares in the company, valued at approximately $1,630,334.02. This represents a 63.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 transaction, the director owned 133,333 shares in the company, valued at approximately $17,095,957.26. This trade represents a 42.86% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 180,952 shares of company stock worth $23,360,571. Corporate insiders own 5.01% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Barclays lifted their price target on shares of Vertiv from $128.00 to $145.00 and gave the company an "equal weight" rating in a research report on Wednesday. Citigroup increased their price target on Vertiv from $130.00 to $149.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Oppenheimer boosted their price objective on shares of Vertiv from $140.00 to $151.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Rothschild & Co Redburn started coverage on shares of Vertiv in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $135.00 price objective on the stock. Finally, Bank of America upped their price target on shares of Vertiv from $140.00 to $150.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $144.95.

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.

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