Teacher Retirement System of Texas Has $7.05 Million Holdings in Vertiv Holdings Co. $VRT

Teacher Retirement System of Texas grew its stake in Vertiv Holdings Co. (NYSE:VRT) by 5.3% in the second quarter, Holdings Channel.com reports. The institutional investor owned 54,901 shares of the company’s stock after buying an additional 2,774 shares during the quarter. Teacher Retirement System of Texas’ holdings in Vertiv were worth $7,050,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Vertiv by 3.7% in the first quarter. Vanguard Group Inc. now owns 37,715,159 shares of the company’s stock worth $2,723,034,000 after buying an additional 1,359,070 shares during the last quarter. Amundi lifted its position in shares of Vertiv by 96.8% during the 1st quarter. Amundi now owns 6,951,773 shares of the company’s stock worth $469,490,000 after purchasing an additional 3,420,144 shares during the last quarter. Fred Alger Management LLC lifted its position in shares of Vertiv by 19.6% during the 1st quarter. Fred Alger Management LLC now owns 3,496,060 shares of the company’s stock worth $252,416,000 after purchasing an additional 572,545 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of Vertiv by 100.1% during the 2nd quarter. Nordea Investment Management AB now owns 3,246,769 shares of the company’s stock worth $415,132,000 after purchasing an additional 1,624,456 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Vertiv by 6.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,839,864 shares of the company’s stock worth $205,085,000 after purchasing an additional 182,937 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on VRT. Roth Capital reissued a “buy” rating and set a $195.00 price objective (up previously from $162.00) on shares of Vertiv in a research report on Tuesday, October 21st. Bank of America boosted their price objective on Vertiv from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. Melius Research raised 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 research report on Tuesday, July 8th. Mizuho boosted their price objective on Vertiv from $165.00 to $198.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Finally, TD Cowen boosted their price objective on Vertiv from $162.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $177.81.

Insider Buying and Selling

In other news, insider Karsten Winther sold 41,654 shares of the stock in a transaction that occurred on Thursday, August 14th. The stock was 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 directly owned 18,848 shares of the company’s stock, valued at approximately $2,529,590.08. This represents a 68.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Steven Reinemund sold 100,000 shares of the stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $128.22, for a total value of $12,822,000.00. Following 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. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 180,952 shares of company stock valued at $23,360,571. 2.63% of the stock is currently owned by corporate insiders.

Vertiv Trading Down 3.0%

Shares of VRT opened at $193.32 on Friday. Vertiv Holdings Co. has a 1 year low of $53.60 and a 1 year high of $202.45. The company has a current ratio of 1.83, a quick ratio of 1.43 and a debt-to-equity ratio of 0.83. The stock has a 50 day simple moving average of $152.45 and a 200-day simple moving average of $127.57. The stock has a market cap of $73.82 billion, a PE ratio of 72.95, a PEG ratio of 1.62 and a beta of 1.84.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, October 22nd. The company reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.25. Vertiv had a return on equity of 50.82% and a net margin of 10.67%.The business had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same period in the prior year, the firm posted $0.76 EPS. Vertiv’s quarterly revenue was up 29.0% compared to the same quarter last year. Vertiv has set its Q4 2025 guidance at 1.230-1.290 EPS. FY 2025 guidance at 4.070-4.130 EPS. On average, sell-side analysts predict that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

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

About Vertiv

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.