QRG Capital Management Inc. Purchases 10,835 Shares of Vertiv Holdings Co. $VRT

Key Points

• QRG Capital Management increased its Vertiv stake by 11.7% in the second quarter, purchasing 10,835 shares to hold 103,334 shares valued at approximately $34.6 million. Institutional investors own 89.92% of Vertiv.
• Analysts maintain a generally positive view, with Vertiv receiving a consensus “Moderate Buy” rating and an average price target of $357.83, although several firms recently lowered their targets. Director Edward Monser also sold 15,287 shares under a pre-arranged trading plan.
• Vertiv shares recently fell 1.9% to $248.67. The company beat quarterly EPS estimates, reported 24.1% year-over-year revenue growth, and declared a quarterly dividend of $0.0625 per share, equivalent to a 0.1% annual yield.

QRG Capital Management Inc. raised its position in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 11.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 103,334 shares of the company's stock after buying an additional 10,835 shares during the period. QRG Capital Management Inc.'s holdings in Vertiv were worth $34,598,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in VRT. Sankala Group LLC acquired a new position in shares of Vertiv in the 4th quarter worth approximately $27,000. Cullen Frost Bankers Inc. increased its holdings in Vertiv by 98.9% during the 4th quarter. Cullen Frost Bankers Inc. now owns 187 shares of the company's stock valued at $30,000 after purchasing an additional 93 shares in the last quarter. MidFirst Bank acquired a new stake in Vertiv during the 4th quarter valued at $31,000. Sachetta LLC raised its position in Vertiv by 41.4% in the 1st quarter. Sachetta LLC now owns 123 shares of the company's stock valued at $31,000 after purchasing an additional 36 shares during the last quarter. Finally, Cornerstone Planning Group LLC boosted its stake in Vertiv by 60.5% in the first quarter. Cornerstone Planning Group LLC now owns 130 shares of the company's stock worth $33,000 after purchasing an additional 49 shares in the last quarter. 89.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

VRT has been the topic of several research analyst reports. Citigroup decreased their target price on Vertiv from $414.00 to $358.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. Royal Bank Of Canada cut their price target on Vertiv from $418.00 to $337.00 and set an "outperform" rating for the company in a report on Thursday, July 30th. Piper Sandler set a $375.00 price target on shares of Vertiv in a research report on Wednesday, July 29th. Weiss Ratings lowered shares of Vertiv from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, August 14th. Finally, Robert W. Baird set a $320.00 price objective on shares of Vertiv in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Vertiv presently has an average rating of "Moderate Buy" and a consensus price target of $357.83.

Insider Buying and Selling at Vertiv

In related news, Director Edward Monser sold 15,287 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $253.82, for a total value of $3,880,146.34. Following the transaction, the director directly owned 16,500 shares in the company, valued at $4,188,030. This represents a 48.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is currently owned by company insiders.

Vertiv Trading Down 1.9%

Shares of VRT traded down $4.79 during trading hours on Wednesday, hitting $248.67. 3,548,419 shares of the stock traded hands, compared to its average volume of 6,504,223. The business has a fifty day moving average of $268.67 and a 200-day moving average of $291.53. The firm has a market capitalization of $95.73 billion, a PE ratio of 56.26, a price-to-earnings-growth ratio of 1.03 and a beta of 2.07. Vertiv Holdings Co. has a 1-year low of $133.85 and a 1-year high of $379.93. The company has a current ratio of 1.38, a quick ratio of 1.03 and a debt-to-equity ratio of 0.62.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $1.52 EPS for the quarter, topping analysts' consensus estimates of $1.43 by $0.09. Vertiv had a return on equity of 50.47% and a net margin of 15.09%.The firm had revenue of $3.27 billion during the quarter, compared to analyst estimates of $3.38 billion. During the same period last year, the company earned $0.95 earnings per share. The company's revenue was up 24.1% on a year-over-year basis. Vertiv has set its Q3 2026 guidance at 1.770-1.830 EPS and its FY 2026 guidance at 6.650-6.750 EPS. Analysts expect that Vertiv Holdings Co. will post 6.72 EPS for the current year.

Vertiv Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Monday, September 14th will be paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Monday, September 14th. Vertiv's payout ratio is 5.66%.

Vertiv Profile

Vertiv Holdings Co NYSE: VRT designs, manufactures and services critical digital infrastructure that helps data centers, communications networks and other facilities operate reliably and efficiently. Its solutions support the availability, performance and growth of information technology systems.

The company's products and services include power management and distribution equipment, uninterruptible power supplies, thermal management and cooling systems, racks and integrated infrastructure, monitoring and management software, and lifecycle services.

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