Otter Creek Advisors LLC Invests $5.45 Million in Vertiv Holdings Co. $VRT

Key Points

• Otter Creek Advisors LLC has invested approximately $5.45 million in Vertiv Holdings Co., purchasing 42,436 shares, which represents the firm's largest position at around 3.9% of its portfolio.
• UBS Group and Evercore ISI have both raised their price targets for Vertiv's stock, now ranging from $173.00 to $180.00, indicating strong sentiment with multiple analysts rating it either "Buy" or "Outperform."
• Recent insider trading includes significant share sales by Director Steven Reinemund, who sold 100,000 shares for about $12.82 million, resulting in a 42.86% decrease in his holdings.

Otter Creek Advisors LLC purchased a new position in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 42,436 shares of the company's stock, valued at approximately $5,449,000. Vertiv accounts for approximately 3.9% of Otter Creek Advisors LLC's investment portfolio, making the stock its biggest position.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Quotient Wealth Partners LLC acquired a new stake in Vertiv in the 2nd quarter valued at about $210,000. Koshinski Asset Management Inc. grew its stake in Vertiv by 12.1% in the 2nd quarter. Koshinski Asset Management Inc. now owns 13,853 shares of the company's stock valued at $1,779,000 after acquiring an additional 1,491 shares during the last quarter. Tradewinds Capital Management LLC grew its stake in Vertiv by 69.0% in the 2nd quarter. Tradewinds Capital Management LLC now owns 343 shares of the company's stock valued at $44,000 after acquiring an additional 140 shares during the last quarter. ShoreHaven Wealth Partners LLC acquired a new stake in Vertiv in the 2nd quarter valued at about $2,832,000. Finally, Huntleigh Advisors Inc. grew its stake in Vertiv by 27.9% in the 2nd quarter. Huntleigh Advisors Inc. now owns 6,049 shares of the company's stock valued at $777,000 after acquiring an additional 1,321 shares during the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. UBS Group increased their price objective on shares of Vertiv from $135.00 to $173.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. William Blair assumed coverage on shares of Vertiv in a research note on Monday, July 28th. They issued an "outperform" rating on the stock. Redburn Atlantic raised shares of Vertiv to a "hold" rating in a research note on Wednesday, August 20th. Evercore ISI increased their price objective on shares of Vertiv from $165.00 to $180.00 and gave the company an "outperform" rating in a research note on Monday, October 6th. Finally, Morgan Stanley reissued an "overweight" rating on shares of Vertiv in a research note on Sunday, August 10th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $160.30.

Insider Activity at Vertiv

In other news, Director Steven Reinemund sold 100,000 shares of the stock in a transaction dated 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 transaction, the director directly owned 133,333 shares in the company, valued at $17,095,957.26. This represents a 42.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Karsten Winther sold 41,654 shares of the stock in a transaction dated 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 owned 18,848 shares in the company, valued at approximately $2,529,590.08. The trade was a 68.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 180,952 shares of company stock valued at $23,360,571. Insiders own 2.63% of the company's stock.

Vertiv Price Performance

Vertiv stock opened at $174.11 on Friday. Vertiv Holdings Co. has a 12-month low of $53.60 and a 12-month high of $184.44. The stock has a market capitalization of $66.49 billion, a P/E ratio of 83.31, a P/E/G ratio of 1.53 and a beta of 1.84. The firm's 50-day moving average is $143.22 and its two-hundred day moving average is $119.86. 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 (NYSE:VRT - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.12. Vertiv had a net margin of 8.93% and a return on equity of 51.64%. The company had revenue of $2.64 billion for the quarter, compared to analysts' expectations of $2.36 billion. During the same period last year, the company earned $0.67 EPS. The firm's revenue for the quarter was up 35.1% compared to the same quarter last year. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. Equities analysts predict that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Monday, September 15th were issued a dividend of $0.0375 per share. 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 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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