Jackson Square Capital LLC Purchases Shares of 50,123 Vertiv Holdings Co. $VRT

Key Points

• Jackson Square Capital LLC acquired a new stake in Vertiv Holdings Co. with 50,123 shares valued at approximately $6.4 million, making it the 23rd largest position in their portfolio.
• Vertiv reported a significant 35.1% increase in revenue year-over-year, reaching $2.64 billion, and surpassed earnings expectations with $0.95 EPS for the latest quarter.
• The company recently announced a quarterly dividend of $0.0375, representing a 0.1% yield, with a dividend payout ratio of 7.18%.

Jackson Square Capital LLC acquired a new stake in Vertiv Holdings Co. (NYSE:VRT - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 50,123 shares of the company's stock, valued at approximately $6,436,000. Vertiv comprises approximately 1.4% of Jackson Square Capital LLC's investment portfolio, making the stock its 23rd biggest position.

A number of other institutional investors have also recently bought and sold shares of VRT. Garde Capital Inc. raised its holdings in Vertiv by 1,886.7% during the 2nd quarter. Garde Capital Inc. now owns 298 shares of the company's stock worth $38,000 after buying an additional 283 shares during the period. Ameriflex Group Inc. bought a new stake in Vertiv during the 4th quarter worth about $37,000. GW&K Investment Management LLC acquired a new position in shares of Vertiv during the 1st quarter worth approximately $26,000. SouthState Corp bought a new position in shares of Vertiv in the 1st quarter valued at about $27,000. Finally, North Star Investment Management Corp. grew 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 valued at $30,000 after acquiring an additional 412 shares during the period. Institutional investors and hedge funds own 89.92% of the company's stock.

Insider Buying and Selling

In related news, insider Karsten Winther sold 41,654 shares of the firm's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $134.21, for a total transaction of $5,590,383.34. Following the completion of the transaction, the insider directly owned 18,848 shares of the company's stock, valued at $2,529,590.08. This trade represents a 68.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 sale, the director directly owned 133,333 shares of the company's stock, valued at $17,095,957.26. This represents a 42.86% decrease in their position. The disclosure for this sale can be found here. Insiders sold 180,952 shares of company stock valued at $23,360,571 in the last quarter. 2.63% of the stock is currently owned by company insiders.

Vertiv Price Performance

Shares of VRT stock traded up $2.03 on Friday, hitting $143.99. 6,677,486 shares of the company's stock were exchanged, compared to its average volume of 8,931,254. 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 12 month low of $53.60 and a 12 month high of $155.84. The stock has a market cap of $54.99 billion, a P/E ratio of 68.90, a price-to-earnings-growth ratio of 1.21 and a beta of 1.78. The company has a 50 day moving average of $132.77 and a 200 day moving average of $108.92.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.12. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.36 billion. Vertiv had a return on equity of 51.64% and a net margin of 8.93%.Vertiv's quarterly revenue was up 35.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. On average, equities research analysts predict that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Monday, September 15th will be given a dividend of $0.0375 per share. The ex-dividend date is Monday, September 15th. This represents a $0.15 annualized dividend and a yield of 0.1%. Vertiv's dividend payout ratio (DPR) is currently 7.18%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Citigroup increased 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. Bank of America upped their target price on Vertiv from $140.00 to $150.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. William Blair initiated coverage on shares of Vertiv in a research report on Monday, July 28th. They issued an "outperform" rating for the company. Evercore ISI reissued an "outperform" rating on shares of Vertiv in a research report on Thursday, July 10th. Finally, Melius raised shares of Vertiv from a "hold" rating to a "buy" rating and set a $165.00 target price for the company in a research report on Tuesday, July 8th. 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 assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average 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.