Investment Partners LTD. Invests $257,000 in Vertiv Holdings Co. $VRT

Investment Partners LTD. acquired a new stake in shares of Vertiv Holdings Co. (NYSE:VRTFree Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,003 shares of the company’s stock, valued at approximately $257,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Thompson Davis & CO. Inc. purchased a new stake in Vertiv during the 2nd quarter valued at about $385,000. Good Life Advisors LLC purchased a new position in Vertiv in the 2nd quarter worth approximately $227,000. ABN Amro Investment Solutions purchased a new stake in Vertiv during the 2nd quarter valued at $1,402,000. Candriam S.C.A. increased its holdings in shares of Vertiv by 3.6% in the 2nd quarter. Candriam S.C.A. now owns 34,807 shares of the company’s stock worth $4,470,000 after purchasing an additional 1,221 shares in the last quarter. Finally, Hudock Inc. raised its stake in shares of Vertiv by 18.2% in the second quarter. Hudock Inc. now owns 6,359 shares of the company’s stock worth $817,000 after purchasing an additional 981 shares during the last quarter. 89.92% of the stock is owned by institutional investors.

Insider Activity at Vertiv

In other Vertiv news, Director Jakki L. Haussler sold 15,680 shares of the stock in a transaction 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 owned 4,631 shares in the company, valued at $573,873.52. This trade represents a 77.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Steven Reinemund sold 100,000 shares of the business’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $128.22, for a total transaction of $12,822,000.00. Following the completion of the sale, the director owned 133,333 shares in the company, valued at approximately $17,095,957.26. This trade represents a 42.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 139,298 shares of company stock valued at $17,770,188. 2.63% of the stock is owned by corporate insiders.

Vertiv Stock Performance

NYSE VRT opened at $165.57 on Thursday. The business has a 50-day moving average price of $162.65 and a 200-day moving average price of $134.81. The firm has a market cap of $63.31 billion, a price-to-earnings ratio of 63.01, a price-to-earnings-growth ratio of 1.45 and a beta of 1.87. Vertiv Holdings Co. has a twelve month low of $53.60 and a twelve month high of $202.45. The company has a quick ratio of 1.43, a current ratio of 1.83 and a debt-to-equity ratio of 0.83.

Vertiv (NYSE:VRTGet Free Report) last released its earnings results on Wednesday, October 22nd. The company reported $1.24 EPS for the quarter, topping the consensus estimate of $0.99 by $0.25. The firm had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.59 billion. Vertiv had a net margin of 10.67% and a return on equity of 50.82%. The company’s quarterly revenue was up 29.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.76 earnings per share. Vertiv has set its Q4 2025 guidance at 1.230-1.290 EPS. FY 2025 guidance at 4.070-4.130 EPS. As a group, equities research analysts predict that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Monday, September 15th were issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, September 15th. Vertiv’s dividend payout ratio is 5.66%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on VRT shares. Cfra Research raised Vertiv to a “moderate buy” rating in a research report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft set a $216.00 price target on shares of Vertiv and gave the company a “buy” rating in a research report on Wednesday, October 15th. Mizuho raised their price objective on shares of Vertiv from $165.00 to $198.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Royal Bank Of Canada upped their target price on shares of Vertiv from $191.00 to $196.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Finally, Cowen set a $210.00 price objective on shares of Vertiv in a research report on Thursday, October 23rd. Two analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $177.81.

Check Out Our Latest Stock Analysis on VRT

Vertiv Company Profile

(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.

See Also

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Institutional Ownership by Quarter for Vertiv (NYSE:VRT)

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