Panagora Asset Management Inc. Acquires 353,170 Shares of Vertiv Holdings Co. $VRT

Key Points

• Panagora Asset Management Inc. increased its holdings in Vertiv Holdings Co. by 5,953.6% in the first quarter, now owning 359,102 shares valued at approximately $25.93 million.
• Vertiv reported a 35.1% year-over-year revenue increase with earnings per share of $0.95, surpassing estimates of $0.83.
• The company announced a dividend increase, raising its dividend from $0.01 to $0.0375, reflecting a yield of 14.0%.

Panagora Asset Management Inc. increased its holdings in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 5,953.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 359,102 shares of the company's stock after purchasing an additional 353,170 shares during the period. Panagora Asset Management Inc. owned approximately 0.09% of Vertiv worth $25,927,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in VRT. GW&K Investment Management LLC acquired a new position in Vertiv in the first quarter worth about $26,000. SouthState Corp acquired a new position in Vertiv in the first quarter worth about $27,000. North Star Investment Management Corp. increased its holdings in shares of Vertiv by 4,120.0% during the first quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock worth $30,000 after buying an additional 412 shares in the last quarter. Sachetta LLC increased its holdings in shares of Vertiv by 242.0% during the first quarter. Sachetta LLC now owns 448 shares of the company's stock worth $32,000 after buying an additional 317 shares in the last quarter. Finally, Colonial Trust Co SC increased its holdings in shares of Vertiv by 211.9% during the fourth quarter. Colonial Trust Co SC now owns 315 shares of the company's stock worth $36,000 after buying an additional 214 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Insider Activity at Vertiv

In related news, Director Steven Reinemund sold 100,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 26th. The shares were 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 of the company's stock, valued at $17,095,957.26. This trade represents a 42.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Stephen Liang sold 43,683 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $115.83, for a total transaction of $5,059,801.89. Following the completion of the transaction, the executive vice president directly owned 9,551 shares in the company, valued at approximately $1,106,292.33. The trade was a 82.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 208,955 shares of company stock worth $26,477,307. 5.01% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on VRT shares. Wolfe Research reaffirmed an "outperform" rating and set a $155.00 price objective on shares of Vertiv in a report on Thursday, July 10th. Glj Research started coverage on shares of Vertiv in a report on Tuesday, August 19th. They set a "sell" rating and a $112.00 price objective for the company. Wall Street Zen raised shares of Vertiv from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 21st. Mizuho raised their price objective on shares of Vertiv from $125.00 to $150.00 and gave the stock an "outperform" rating in a report on Wednesday, July 16th. Finally, Melius Research raised shares of Vertiv from a "hold" rating to a "strong-buy" rating and raised their price objective for the stock from $134.00 to $165.00 in a report on Tuesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $142.00.

Vertiv Price Performance

Shares of Vertiv stock traded down $6.53 during midday trading on Monday, reaching $127.70. The company had a trading volume of 6,363,320 shares, compared to its average volume of 5,898,191. 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 company has a market capitalization of $48.76 billion, a price-to-earnings ratio of 61.10, a price-to-earnings-growth ratio of 1.13 and a beta of 1.78. The stock has a fifty day simple moving average of $131.19 and a 200 day simple moving average of $106.06. Vertiv Holdings Co. has a 1-year low of $53.60 and a 1-year high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last issued 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%. Vertiv's revenue for the quarter was up 35.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.67 earnings per share. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. As a group, equities research analysts forecast that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, June 26th. Investors of record on Tuesday, June 17th were issued a $0.0375 dividend. This is an increase from Vertiv's previous dividend of $0.01. This represents a dividend yield of 14.0%. The ex-dividend date of this dividend was Monday, June 16th. Vertiv's dividend payout ratio (DPR) is 7.18%.

Vertiv Company 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.