Vertiv Holdings Co. $VRT Stock Purchased by Migdal Insurance & Financial Holdings Ltd.

Key Points

• Migdal Insurance & Financial Holdings increased its Vertiv stake by 40.2% in the third quarter, adding 128,751 shares to reach 448,817 shares valued at about $108.3 million.
• Vertiv reported quarterly earnings of $2.21 per share, beating estimates of $1.82, while revenue rose 61.2% year over year to $4.31 billion.
• The company raised its quarterly dividend by 60%, from $0.0625 to $0.10 per share. Vertiv shares fell 3.8% on Friday to $201.60.

Migdal Insurance & Financial Holdings Ltd. increased its stake in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 40.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 448,817 shares of the company's stock after purchasing an additional 128,751 shares during the quarter. Migdal Insurance & Financial Holdings Ltd. owned approximately 0.12% of Vertiv worth $108,304,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MSH Capital Advisors LLC lifted its position in shares of Vertiv by 195.1% in the 3rd quarter. MSH Capital Advisors LLC now owns 2,957 shares of the company's stock valued at $723,000 after acquiring an additional 1,955 shares in the last quarter. Ibex Wealth Advisors boosted its stake in Vertiv by 1.5% in the 3rd quarter. Ibex Wealth Advisors now owns 101,621 shares of the company's stock worth $24,522,000 after purchasing an additional 1,508 shares during the period. Aberdeen Group plc grew its position in Vertiv by 142.5% during the 3rd quarter. Aberdeen Group plc now owns 821,416 shares of the company's stock worth $198,216,000 after purchasing an additional 482,667 shares in the last quarter. Moors & Cabot Inc. grew its position in Vertiv by 2.1% during the 3rd quarter. Moors & Cabot Inc. now owns 11,554 shares of the company's stock worth $2,788,000 after purchasing an additional 234 shares in the last quarter. Finally, Valmark Advisers Inc. grew its position in Vertiv by 15.6% during the 3rd quarter. Valmark Advisers Inc. now owns 1,619 shares of the company's stock worth $391,000 after purchasing an additional 218 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Insider Buying and Selling at Vertiv

In other news, Director Edward Monser sold 15,287 shares of the firm's stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $253.82, for a total transaction of $3,880,146.34. Following the transaction, the director owned 16,500 shares in the company, valued at approximately $4,188,030. This trade represents a 48.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.10% of the company's stock.

Recent Vertiv Headlines

Investors following VRT have been watching these headlines:

• Positive Sentiment: Vertiv raised its annual dividend by 60%, from $0.25 to $0.40 per share. The next quarterly payment is $0.10 per share, payable December 17 to shareholders of record November 24—an indication of confidence in cash generation, though the dividend remains modest. Vertiv declares quarterly dividend
• Positive Sentiment: The company launched the PowerStation 3100 RPP, a power-distribution panel designed for AI and high-performance-computing racks above 100 kW. It supports 600–1,200 amps on one platform and is available in North America, giving Vertiv another product aimed at data-center demand. Vertiv introduces high-density remote power panel
• Neutral Sentiment: A report says Vertiv could provide cooling equipment for SpaceX data centers. This is a potential opportunity, not a confirmed contract, so any revenue impact remains uncertain. SpaceX spending and power and cooling suppliers

Vertiv Stock Down 3.8%

Vertiv stock traded down $8.04 during trading hours on Friday, hitting $201.60. The company had a trading volume of 5,398,707 shares, compared to its average volume of 8,575,370. The firm has a market capitalization of $77.63 billion, a P/E ratio of 37.68, a price-to-earnings-growth ratio of 0.67 and a beta of 2.11. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.39 and a quick ratio of 1.01. The firm's fifty day moving average is $231.31 and its 200-day moving average is $270.23. Vertiv Holdings Co. has a fifty-two week low of $147.82 and a fifty-two week high of $379.93.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $2.21 earnings per share for the quarter, topping analysts' consensus estimates of $1.82 by $0.39. The company had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $3.75 billion. Vertiv had a return on equity of 53.31% and a net margin of 15.99%. The business's quarterly revenue was up 61.2% on a year-over-year basis. During the same period last year, the business earned $1.24 EPS. On average, research analysts forecast that Vertiv Holdings Co. will post 7.17 earnings per share for the current year.

Vertiv Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Tuesday, November 24th will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, November 24th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. This is an increase from Vertiv's previous quarterly dividend of $0.0625. Vertiv's payout ratio is 4.67%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on VRT shares. Deutsche Bank reduced their target price on Vertiv from $331.00 to $323.00 and set a "buy" rating for the company in a report on Wednesday, September 30th. HSBC lowered their price target on Vertiv from $376.00 to $365.00 and set a "buy" rating on the stock in a report on Friday, July 31st. KeyCorp lowered their price target on Vertiv from $360.00 to $325.00 and set an "overweight" rating on the stock in a report on Thursday, July 30th. Piper Sandler set a $375.00 price target on Vertiv in a research report on Wednesday, July 29th. Finally, Oppenheimer reissued an "outperform" rating and issued a $325.00 price objective (down from $353.00) on shares of Vertiv in a research note on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $333.70.

Vertiv Profile

Vertiv Holdings Co. NYSE: VRT designs, manufactures and services critical digital infrastructure used by data centers, communications networks and commercial and industrial facilities. Its offerings help customers maintain reliable power, cooling and operating conditions for technology systems. The company's products and solutions include uninterruptible power supplies, power distribution equipment, thermal management systems, racks, integrated modular infrastructure, and monitoring and control software.

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