Maryland State Retirement & Pension System Increases Position in Vertiv Holdings Co. $VRT

Key Points

• Maryland State Retirement & Pension System increased its stake in Vertiv Holdings Co. by 10.5% during Q2, purchasing an additional 1,756 shares, bringing its total holdings to 18,491 shares valued at approximately $2.37 million.
• Several other investors significantly boosted their positions in Vertiv, with one firm raising its stake by 780%, indicating strong institutional interest in the company.
• Vertiv's quarterly earnings report showed a surpass of analysts' expectations with $0.95 EPS, and the company's revenue increased by 35.1% year-over-year, highlighting strong financial performance.

Maryland State Retirement & Pension System boosted its stake in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 10.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,491 shares of the company's stock after purchasing an additional 1,756 shares during the period. Maryland State Retirement & Pension System's holdings in Vertiv were worth $2,374,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. DiNuzzo Private Wealth Inc. raised its stake in Vertiv by 780.0% during the second quarter. DiNuzzo Private Wealth Inc. now owns 264 shares of the company's stock worth $34,000 after purchasing an additional 234 shares during the period. Garde Capital Inc. increased its position in shares of Vertiv by 1,886.7% in the second quarter. Garde Capital Inc. now owns 298 shares of the company's stock worth $38,000 after acquiring an additional 283 shares in the last quarter. GW&K Investment Management LLC acquired a new stake in shares of Vertiv in the first quarter worth $26,000. SouthState Corp acquired a new stake in shares of Vertiv in the first quarter worth $27,000. Finally, North Star Investment Management Corp. increased its position in shares of Vertiv by 4,120.0% in the first quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock worth $30,000 after acquiring an additional 412 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on VRT. Weiss Ratings lowered shares of Vertiv from a "buy (b)" rating to a "hold (c+)" rating in a research report on Wednesday. Barclays increased their price objective on shares of Vertiv from $128.00 to $145.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 1st. Roth Capital reissued a "buy" rating and issued a $162.00 price objective on shares of Vertiv in a research report on Thursday, September 25th. Oppenheimer increased their price objective on shares of Vertiv from $140.00 to $151.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Finally, Zacks Research lowered shares of Vertiv from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $149.84.

Vertiv Price Performance

VRT opened at $169.09 on Friday. The company has a fifty day simple moving average of $139.45 and a 200 day simple moving average of $116.37. The firm has a market cap of $64.57 billion, a price-to-earnings ratio of 80.90, a PEG ratio of 1.48 and a beta of 1.84. Vertiv Holdings Co. has a twelve month low of $53.60 and a twelve month high of $183.11. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 0.93.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.83 by $0.12. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.36 billion. Vertiv had a net margin of 8.93% and a return on equity of 51.64%. The business's revenue was up 35.1% on a year-over-year basis. During the same period last year, the business earned $0.67 EPS. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. Equities research analysts expect that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

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

Insider Activity at Vertiv

In other Vertiv news, Director Steven Reinemund sold 100,000 shares of the firm's stock in a transaction 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 completion of the transaction, the director directly owned 133,333 shares of the company's stock, valued at $17,095,957.26. This trade represents a 42.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction, the insider directly owned 18,848 shares of the company's stock, valued at approximately $2,529,590.08. This represents a 68.85% decrease in their ownership of the stock. 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 90 days. 2.63% of the stock is currently owned by insiders.

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.

Want to see what other hedge funds are holding VRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vertiv Holdings Co. (NYSE:VRT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.