Grassi Investment Management Increases Stock Position in Vertiv Holdings Co. $VRT

Key Points

• Grassi Investment Management increased its holdings in Vertiv Holdings Co. by 7.4%, now owning 51,435 shares worth approximately $6.6 million.
• Institutional investors own about 89.92% of Vertiv's stock, indicating strong support from hedge funds and investment firms.
• Vertiv reported a 35.1% year-over-year increase in revenue, surpassing analysts' expectations with earnings per share of $0.95 for the last quarter.

Grassi Investment Management lifted its holdings in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 7.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,435 shares of the company's stock after acquiring an additional 3,535 shares during the period. Grassi Investment Management's holdings in Vertiv were worth $6,605,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Vertiv by 3.7% in the first quarter. Vanguard Group Inc. now owns 37,715,159 shares of the company's stock valued at $2,723,034,000 after buying an additional 1,359,070 shares during the last quarter. Amundi grew its holdings in shares of Vertiv by 96.8% during the first quarter. Amundi now owns 6,951,773 shares of the company's stock worth $469,490,000 after buying an additional 3,420,144 shares during the last quarter. Fred Alger Management LLC grew its holdings in shares of Vertiv by 19.6% during the first quarter. Fred Alger Management LLC now owns 3,496,060 shares of the company's stock worth $252,416,000 after buying an additional 572,545 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Vertiv by 6.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,839,864 shares of the company's stock worth $205,085,000 after buying an additional 182,937 shares during the last quarter. Finally, 1832 Asset Management L.P. grew its holdings in shares of Vertiv by 985.3% during the first quarter. 1832 Asset Management L.P. now owns 2,301,700 shares of the company's stock worth $166,183,000 after buying an additional 2,089,612 shares during the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Vertiv

In other Vertiv news, Director Steven Reinemund sold 100,000 shares of the business's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $128.22, for a total transaction of $12,822,000.00. Following the sale, the director directly owned 133,333 shares in the company, valued at approximately $17,095,957.26. The trade was a 42.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul Ryan sold 22,218 shares of the business's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $127.34, for a total value of $2,829,240.12. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 180,952 shares of company stock valued at $23,360,571 in the last three months. 2.63% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

VRT has been the topic of several analyst reports. UBS Group lifted their target price on Vertiv from $135.00 to $173.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Roth Capital reiterated a "buy" rating and issued a $162.00 target price on shares of Vertiv in a research note on Thursday, September 25th. Morgan Stanley reiterated an "overweight" rating on shares of Vertiv in a research report on Sunday, August 10th. Citigroup lifted their price objective on shares of Vertiv from $130.00 to $149.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Finally, Rothschild Redb upgraded shares of Vertiv to a "hold" rating in a research report on Wednesday, August 20th. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Vertiv currently has an average rating of "Moderate Buy" and an average price target of $144.95.

Vertiv Price Performance

Shares of NYSE VRT opened at $160.45 on Friday. The firm has a market capitalization of $61.27 billion, a P/E ratio of 76.77, a PEG ratio of 1.42 and a beta of 1.84. Vertiv Holdings Co. has a one year low of $53.60 and a one year high of $168.99. The company's fifty day moving average is $137.27 and its two-hundred day moving average is $113.78. 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 released its quarterly earnings data on Wednesday, July 30th. The company reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.12. The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.36 billion. Vertiv had a net margin of 8.93% and a return on equity of 51.64%. The firm's revenue was up 35.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.67 earnings per share. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. Analysts forecast that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The company 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 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Monday, September 15th. Vertiv's payout ratio is presently 7.18%.

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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