Hardman Johnston Global Advisors LLC Lowers Stock Position in Vertiv Holdings Co. $VRT

Key Points

• Hardman Johnston Global Advisors LLC reduced its stock position in Vertiv Holdings Co. by 24.0%, owning 406,733 shares after selling 128,516 shares in the second quarter.
• Vertiv reported a 35.1% increase in revenue year-over-year, totaling $2.64 billion for the latest quarter, and exceeded EPS estimates by $0.12.
• Institutional investors currently hold 89.92% of Vertiv's stock, indicating strong institutional interest in the company.

Hardman Johnston Global Advisors LLC lowered its position in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 24.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 406,733 shares of the company's stock after selling 128,516 shares during the quarter. Vertiv comprises approximately 2.3% of Hardman Johnston Global Advisors LLC's portfolio, making the stock its 14th biggest position. Hardman Johnston Global Advisors LLC owned 0.11% of Vertiv worth $52,229,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of VRT. GW&K Investment Management LLC purchased a new stake in Vertiv in the first quarter worth about $26,000. SouthState Corp bought a new stake in shares of Vertiv in the 1st quarter worth approximately $27,000. North Star Investment Management Corp. boosted its position in shares of Vertiv by 4,120.0% in the 1st quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock worth $30,000 after purchasing an additional 412 shares in the last quarter. Sachetta LLC boosted its position in shares of Vertiv by 242.0% in the 1st quarter. Sachetta LLC now owns 448 shares of the company's stock worth $32,000 after purchasing an additional 317 shares in the last quarter. Finally, Banque Transatlantique SA purchased a new position in Vertiv during the first quarter valued at $33,000. 89.92% of the stock is currently owned by institutional investors.

Vertiv Price Performance

Shares of VRT opened at $161.72 on Friday. The firm has a market cap of $61.75 billion, a PE ratio of 77.38, a P/E/G ratio of 1.43 and a beta of 1.84. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 0.93. The firm has a fifty day simple moving average of $136.81 and a two-hundred day simple moving average of $113.26. Vertiv Holdings Co. has a 1-year low of $53.60 and a 1-year high of $168.99.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.95 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the previous year, the company posted $0.67 earnings per share. Vertiv'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 anticipate that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

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

Insider Buying and Selling at Vertiv

In other Vertiv news, Director Steven Reinemund sold 100,000 shares of the company's stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $128.22, for a total value of $12,822,000.00. Following the completion of the sale, the director owned 133,333 shares in the company, valued at $17,095,957.26. This represents a 42.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Paul Ryan sold 22,218 shares of the business'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 of the company's stock, valued at approximately $1,630,334.02. This trade represents a 63.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 180,952 shares of company stock worth $23,360,571 over the last quarter. Company insiders own 2.63% of the company's stock.

Analyst Upgrades and Downgrades

VRT has been the subject of several analyst reports. Bank of America raised their price target on Vertiv from $140.00 to $150.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Glj Research initiated coverage on shares of Vertiv in a research report on Tuesday, August 19th. They set a "sell" rating and a $112.00 price objective on the stock. Melius Research raised shares of Vertiv from a "hold" rating to a "strong-buy" rating and increased their price objective for the company from $134.00 to $165.00 in a research report on Tuesday, July 8th. Evercore ISI reiterated an "outperform" rating on shares of Vertiv in a research note on Thursday, July 10th. Finally, Royal Bank Of Canada boosted their price objective on shares of Vertiv from $143.00 to $162.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $144.95.

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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