QRG Capital Management Inc. Raises Stake in Vertiv Holdings Co. $VRT

Key Points

• QRG Capital Management Inc. increased its stake in Vertiv Holdings Co. by 91.9% during the second quarter, now owning over 80,000 shares valued at approximately $10.3 million.
• Vertiv's recent earnings report showed an EPS of $0.95, surpassing expectations and marking a 35.1% increase in quarterly revenue year-over-year.
• The company declared a quarterly dividend of $0.0375 per share, yielding approximately 0.1%, with a payout ratio of 7.18%.

QRG Capital Management Inc. lifted its position in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 91.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 80,022 shares of the company's stock after acquiring an additional 38,320 shares during the quarter. QRG Capital Management Inc.'s holdings in Vertiv were worth $10,276,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Presidio Capital Management LLC increased its stake in shares of Vertiv by 1.3% during the second quarter. Presidio Capital Management LLC now owns 6,010 shares of the company's stock worth $772,000 after acquiring an additional 80 shares during the period. Grandview Asset Management LLC increased its stake in shares of Vertiv by 2.8% during the second quarter. Grandview Asset Management LLC now owns 3,536 shares of the company's stock worth $454,000 after acquiring an additional 96 shares during the period. Cigna Investments Inc. New increased its stake in shares of Vertiv by 3.5% during the second quarter. Cigna Investments Inc. New now owns 3,755 shares of the company's stock worth $482,000 after acquiring an additional 127 shares during the period. Commerce Bank increased its stake in shares of Vertiv by 0.7% during the first quarter. Commerce Bank now owns 20,739 shares of the company's stock worth $1,497,000 after acquiring an additional 134 shares during the period. Finally, TD Private Client Wealth LLC increased its stake in shares of Vertiv by 37.5% during the first quarter. TD Private Client Wealth LLC now owns 510 shares of the company's stock worth $37,000 after acquiring an additional 139 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Stock Performance

Shares of VRT opened at $160.45 on Friday. 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 stock has a market cap of $61.27 billion, a P/E ratio of 76.77, a PEG ratio of 1.41 and a beta of 1.84. The company has a 50-day moving average of $137.27 and a two-hundred day moving average of $113.95. Vertiv Holdings Co. has a 12-month low of $53.60 and a 12-month high of $168.99.

Vertiv (NYSE:VRT - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.12. The company had revenue of $2.64 billion during the quarter, compared to analysts' expectations of $2.36 billion. Vertiv had a net margin of 8.93% and a return on equity of 51.64%. The firm's quarterly revenue was up 35.1% compared to the same quarter last year. During the same quarter in the previous 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, research analysts predict that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Monday, September 15th were given a dividend of $0.0375 per share. The ex-dividend date was Monday, September 15th. This represents a $0.15 dividend on an annualized basis and a yield of 0.1%. Vertiv's payout ratio is presently 7.18%.

Analyst Upgrades and Downgrades

VRT has been the topic of a number of recent analyst reports. Melius upgraded shares of Vertiv from a "hold" rating to a "buy" rating and set a $165.00 price target on the stock in a research note on Tuesday, July 8th. Bank of America boosted their price objective on shares of Vertiv from $140.00 to $150.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. JPMorgan Chase & Co. boosted their price objective on shares of Vertiv from $127.00 to $150.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Zacks Research downgraded shares of Vertiv from a "strong-buy" rating to a "hold" rating in a report on Thursday. Finally, Melius Research raised shares of Vertiv from a "hold" rating to a "strong-buy" rating and boosted their price objective for the stock from $134.00 to $165.00 in a report on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $144.95.

Insider Buying and Selling at Vertiv

In other news, insider Karsten Winther sold 41,654 shares of the business's stock in a transaction that occurred on Thursday, August 14th. The shares were 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 owned 18,848 shares of the company's stock, valued at $2,529,590.08. The trade was a 68.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jakki L. Haussler sold 15,680 shares of the business's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $123.92, for a total transaction of $1,943,065.60. Following the completion of the transaction, the director directly owned 4,631 shares of the company's stock, valued at approximately $573,873.52. This represents a 77.20% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 180,952 shares of company stock worth $23,360,571. 2.63% of the stock is currently owned by insiders.

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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