Perpetual Ltd Boosts Holdings in Vertiv Holdings Co. $VRT

Key Points

• Perpetual Ltd increased its ownership in Vertiv Holdings Co. by 23.2% during the 2nd quarter, now holding 261,466 shares worth approximately $33.6 million.
• Vertiv reported $2.64 billion in revenue for its last quarter, exceeding analyst expectations, and increased its earnings per share from $0.67 to $0.95.
• Insiders at Vertiv have sold 180,952 shares in the past 90 days, indicating significant insider selling, with one director reducing their ownership by 42.86%.

Perpetual Ltd increased its holdings in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 23.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 261,466 shares of the company's stock after buying an additional 49,160 shares during the period. Perpetual Ltd owned 0.07% of Vertiv worth $33,575,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Vertiv by 3.7% in the first quarter. Vanguard Group Inc. now owns 37,715,159 shares of the company's stock valued at $2,723,034,000 after acquiring an additional 1,359,070 shares during the period. Amundi increased its holdings in shares of Vertiv by 96.8% in the 1st quarter. Amundi now owns 6,951,773 shares of the company's stock worth $469,490,000 after buying an additional 3,420,144 shares during the last quarter. Fred Alger Management LLC lifted its stake in Vertiv by 19.6% during the first quarter. Fred Alger Management LLC now owns 3,496,060 shares of the company's stock worth $252,416,000 after purchasing an additional 572,545 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Vertiv by 6.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,839,864 shares of the company's stock worth $205,085,000 after purchasing an additional 182,937 shares during the last quarter. Finally, 1832 Asset Management L.P. raised its holdings in shares of Vertiv by 985.3% during the 1st quarter. 1832 Asset Management L.P. now owns 2,301,700 shares of the company's stock valued at $166,183,000 after buying an additional 2,089,612 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.

Insider Transactions at Vertiv

In related news, insider Paul Ryan sold 22,218 shares of the stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $127.34, for a total transaction of $2,829,240.12. Following the completion of the transaction, the insider directly owned 12,803 shares of the company's stock, valued at approximately $1,630,334.02. This represents a 63.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven Reinemund sold 100,000 shares of the company's stock in a transaction that occurred on 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 sale, the director directly owned 133,333 shares in the company, valued at $17,095,957.26. This trade represents a 42.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 180,952 shares of company stock valued at $23,360,571 in the last ninety days. Corporate insiders own 2.63% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on VRT. Wall Street Zen upgraded shares of Vertiv from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 21st. Rothschild Redb upgraded Vertiv to a "hold" rating in a research report on Wednesday, August 20th. Redburn Atlantic upgraded Vertiv to a "hold" rating in a research report on Wednesday, August 20th. UBS Group boosted their price objective on shares of Vertiv from $135.00 to $173.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Finally, William Blair started coverage on Vertiv in a report on Monday, July 28th. They issued an "outperform" rating for the company. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $142.00.

Vertiv Price Performance

Shares of VRT traded up $2.03 during mid-day trading on Friday, reaching $143.99. The stock had a trading volume of 6,677,486 shares, compared to its average volume of 6,273,855. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.35 and a current ratio of 1.74. Vertiv Holdings Co. has a 12 month low of $53.60 and a 12 month high of $155.84. The business has a fifty day moving average of $133.18 and a 200 day moving average of $109.47. The firm has a market cap of $54.99 billion, a price-to-earnings ratio of 68.90, a PEG ratio of 1.27 and a beta of 1.78.

Vertiv (NYSE:VRT - Get Free Report) last released its 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. 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 quarter in the previous year, the company earned $0.67 EPS. Vertiv's revenue for the quarter was up 35.1% on a year-over-year basis. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. Equities analysts predict that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.1%. Vertiv's dividend payout ratio (DPR) is presently 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.