Fred Alger Management LLC Has $252.42 Million Holdings in Vertiv Holdings Co. $VRT

Key Points

• Fred Alger Management LLC has increased its holdings in Vertiv Holdings Co. by 19.6%, now owning approximately 3.5 million shares valued at about $252 million.
• Institutional investors own 89.92% of Vertiv's stock, with significant increases in holdings from firms such as Amundi and 1832 Asset Management, highlighting strong investor confidence.
• Vertiv announced a quarterly dividend of $0.0375, reflecting a 0.1% dividend yield, with a payout ratio of 7.18% as of its latest financials.

Fred Alger Management LLC raised its holdings in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 19.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,496,060 shares of the company's stock after acquiring an additional 572,545 shares during the quarter. Vertiv makes up about 1.4% of Fred Alger Management LLC's investment portfolio, making the stock its 17th biggest position. Fred Alger Management LLC owned about 0.92% of Vertiv worth $252,416,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. GW&K Investment Management LLC purchased a new position in Vertiv during the 1st quarter valued at $26,000. SouthState Corp purchased a new position in Vertiv in the 1st quarter worth $27,000. North Star Investment Management Corp. boosted its holdings in 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 purchasing an additional 412 shares during the last quarter. Sachetta LLC grew its stake in shares of Vertiv by 242.0% during the 1st quarter. Sachetta LLC now owns 448 shares of the company's stock worth $32,000 after purchasing an additional 317 shares during the period. Finally, Banque Transatlantique SA purchased a new position in shares of Vertiv during the 1st quarter valued at approximately $33,000. Hedge funds and other institutional investors own 89.92% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on VRT. Oppenheimer lifted their price target on Vertiv from $140.00 to $151.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. UBS Group raised their price objective on shares of Vertiv from $135.00 to $173.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Mizuho upped their price target on Vertiv from $125.00 to $150.00 and gave the company an "outperform" rating in a report on Wednesday, July 16th. Rothschild & Co Redburn assumed coverage on Vertiv in a report on Wednesday, August 20th. They issued a "neutral" rating and a $135.00 target price for the company. Finally, William Blair started coverage on shares of Vertiv in a research note on Monday, July 28th. They set an "outperform" rating for the company. Two 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 given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $142.00.

Vertiv Trading Up 3.1%

Shares of NYSE VRT traded up $3.72 during trading on Tuesday, hitting $125.54. 7,586,133 shares of the company traded hands, compared to its average volume of 6,183,225. The firm has a market capitalization of $47.94 billion, a P/E ratio of 36.47, a P/E/G ratio of 1.08 and a beta of 1.78. Vertiv Holdings Co. has a 1 year low of $53.60 and a 1 year high of $155.84. The company has a quick ratio of 1.35, a current ratio of 1.74 and a debt-to-equity ratio of 0.93. The company has a 50-day moving average price of $131.13 and a 200-day moving average price of $106.72.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.95 EPS 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 company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period last year, the company posted $0.67 earnings per share. The firm'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. On average, equities 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 will be paid on Thursday, September 25th. Stockholders of record on Monday, September 15th will be issued a dividend of $0.0375 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.15 annualized dividend and a dividend yield of 0.1%. Vertiv's dividend payout ratio is 7.18%.

Insider Buying and Selling

In other Vertiv news, Director Steven Reinemund sold 100,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $128.22, for a total value of $12,822,000.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jakki L. Haussler sold 15,680 shares of Vertiv stock in a transaction on Monday, September 8th. The shares were sold at an average price of $123.92, for a total value of $1,943,065.60. Following the sale, the director directly owned 4,631 shares in the company, valued at $573,873.52. The trade was a 77.20% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, 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 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.