PFG Investments LLC boosted its stake in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 65.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,970 shares of the company's stock after buying an additional 5,134 shares during the quarter. PFG Investments LLC's holdings in Vertiv were worth $1,665,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the stock. Amundi raised its position in Vertiv by 96.8% in the 1st quarter. Amundi now owns 6,951,773 shares of the company's stock valued at $469,490,000 after purchasing an additional 3,420,144 shares during the last quarter. 1832 Asset Management L.P. grew its stake in shares of Vertiv by 985.3% during the first quarter. 1832 Asset Management L.P. now owns 2,301,700 shares of the company's stock worth $166,183,000 after purchasing an additional 2,089,612 shares during the period. Vanguard Group Inc. grew its stake in 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. Nuveen LLC acquired a new position in Vertiv in the first quarter valued at about $77,820,000. Finally, Fred Alger Management LLC grew its stake in Vertiv by 19.6% in the first quarter. Fred Alger Management LLC now owns 3,496,060 shares of the company's stock valued at $252,416,000 after acquiring an additional 572,545 shares during the period. Institutional investors and hedge funds own 89.92% of the company's stock.
Analyst Ratings Changes
Several research analysts have recently weighed in on VRT shares. Glj Research started coverage on Vertiv in a research report on Tuesday, August 19th. They set a "sell" rating and a $112.00 price objective for the company. Melius Research raised Vertiv from a "hold" rating to a "strong-buy" rating and upped their price objective for the stock from $134.00 to $165.00 in a research report on Tuesday, July 8th. Wolfe Research reissued an "outperform" rating and set a $155.00 price target on shares of Vertiv in a research report on Thursday, July 10th. Bank of America increased their price target on Vertiv from $140.00 to $150.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Finally, Melius raised Vertiv from a "hold" rating to a "buy" rating and set a $165.00 price target on the stock in a research 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 issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Vertiv presently has a consensus rating of "Moderate Buy" and an average price target of $144.95.
View Our Latest Analysis on VRT
Vertiv Trading Up 7.2%
Shares of VRT stock opened at $161.69 on Thursday. The stock's fifty day moving average price is $136.19 and its two-hundred day moving average price is $112.76. The company has a market cap of $61.74 billion, a PE ratio of 77.36, a P/E/G ratio of 1.33 and a beta of 1.84. Vertiv Holdings Co. has a fifty-two week low of $53.60 and a fifty-two week high of $162.23. 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 (NYSE:VRT - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.95 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.12. Vertiv had a return on equity of 51.64% and a net margin of 8.93%.The company had revenue of $2.64 billion during the quarter, compared to analysts' expectations of $2.36 billion. During the same period in the prior year, the company earned $0.67 EPS. Vertiv's revenue 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 EPS for the current fiscal year.
Vertiv Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Monday, September 15th were paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Monday, September 15th. Vertiv's dividend payout ratio is presently 7.18%.
Insider Transactions at Vertiv
In other news, insider Karsten Winther sold 41,654 shares of the stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $134.21, for a total value of $5,590,383.34. Following the completion of the transaction, the insider directly owned 18,848 shares in the company, valued at approximately $2,529,590.08. This represents a 68.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven Reinemund sold 100,000 shares of the stock in a transaction 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 transaction, the director owned 133,333 shares of the company's stock, valued at $17,095,957.26. The trade was a 42.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 180,952 shares of company stock valued at $23,360,571 over the last quarter. 2.63% of the stock is currently owned by insiders.
About Vertiv
(
Free Report)
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.
Further Reading
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