Chicago Capital LLC increased its position in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) by 139.3% during the second quarter, Holdings Channel reports. The fund owned 274,630 shares of the company’s stock after acquiring an additional 159,877 shares during the quarter. Chicago Capital LLC’s holdings in Vertiv were worth $35,265,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. GW&K Investment Management LLC acquired a new stake in Vertiv during the first quarter worth approximately $26,000. SouthState Corp purchased a new position in shares of Vertiv in the 1st quarter valued at $27,000. North Star Investment Management Corp. raised its stake in shares of Vertiv by 4,120.0% in the 1st quarter. North Star Investment Management Corp. now owns 422 shares of the company’s stock valued at $30,000 after acquiring an additional 412 shares during the period. Sachetta LLC raised its stake in shares of Vertiv by 242.0% in the 1st quarter. Sachetta LLC now owns 448 shares of the company’s stock valued at $32,000 after acquiring an additional 317 shares during the period. Finally, Banque Transatlantique SA acquired a new stake in Vertiv during the 1st quarter valued at $33,000. Institutional investors and hedge funds own 89.92% of the company’s stock.
Analyst Upgrades and Downgrades
VRT has been the subject of a number of recent analyst reports. Roth Capital reaffirmed a “buy” rating and set a $162.00 price target on shares of Vertiv in a report on Thursday. Oppenheimer lifted their price target on shares of Vertiv from $140.00 to $151.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. William Blair initiated coverage on shares of Vertiv in a research report on Monday, July 28th. They issued an “outperform” rating on the stock. Melius upgraded shares of Vertiv from a “hold” rating to a “buy” rating and set a $165.00 price objective on the stock in a research report on Tuesday, July 8th. Finally, Glj Research assumed coverage on shares of Vertiv in a research report on Tuesday, August 19th. They set a “sell” rating and a $112.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.10.
Insider Buying and Selling at Vertiv
In other Vertiv news, insider Paul Ryan sold 22,218 shares of the business’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $127.34, for a total value of $2,829,240.12. Following the completion of the sale, the insider directly owned 12,803 shares of the company’s stock, valued at $1,630,334.02. The trade was a 63.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Karsten Winther sold 41,654 shares of Vertiv stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $134.21, for a total transaction of $5,590,383.34. Following the completion of the sale, the insider directly owned 18,848 shares of the company’s stock, valued at approximately $2,529,590.08. The trade was a 68.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 180,952 shares of company stock valued at $23,360,571 over the last three months. 5.01% of the stock is owned by insiders.
Vertiv Stock Performance
Vertiv stock opened at $143.41 on Tuesday. Vertiv Holdings Co. has a fifty-two week low of $53.60 and a fifty-two week high of $155.84. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.74 and a quick ratio of 1.35. The company has a market cap of $54.76 billion, a P/E ratio of 68.62, a price-to-earnings-growth ratio of 1.22 and a beta of 1.78. The firm’s 50 day simple moving average is $135.06 and its 200-day simple moving average is $112.15.
Vertiv (NYSE:VRT – Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.83 by $0.12. The business had revenue of $2.64 billion for 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%. Vertiv’s revenue was up 35.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.67 EPS. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. As a group, equities research analysts predict that Vertiv Holdings Co. will post 3.59 EPS for the current year.
Vertiv Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Monday, September 15th were given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Monday, September 15th. Vertiv’s dividend payout ratio (DPR) is presently 7.18%.
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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