Hodges Capital Management Inc. Lowers Stock Holdings in Vertiv Holdings Co. $VRT

Hodges Capital Management Inc. lessened its holdings in shares of Vertiv Holdings Co. (NYSE:VRT) by 23.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,742 shares of the company’s stock after selling 4,190 shares during the quarter. Hodges Capital Management Inc.’s holdings in Vertiv were worth $1,765,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. FengHe Fund Management Pte. Ltd. purchased a new position in Vertiv in the first quarter valued at about $33,389,000. Nordea Investment Management AB grew its stake in shares of Vertiv by 100.1% in the second quarter. Nordea Investment Management AB now owns 3,246,769 shares of the company’s stock valued at $415,132,000 after buying an additional 1,624,456 shares in the last quarter. Fox Run Management L.L.C. raised its holdings in shares of Vertiv by 449.9% during the 1st quarter. Fox Run Management L.L.C. now owns 21,545 shares of the company’s stock valued at $1,556,000 after buying an additional 17,627 shares during the period. iA Global Asset Management Inc. lifted its position in Vertiv by 130.2% during the 2nd quarter. iA Global Asset Management Inc. now owns 9,147 shares of the company’s stock worth $1,175,000 after acquiring an additional 5,173 shares in the last quarter. Finally, Trilogy Capital Inc. purchased a new position in Vertiv in the 2nd quarter worth approximately $2,790,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Stock Down 1.9%

Shares of Vertiv stock opened at $179.63 on Monday. The business has a 50-day moving average price of $159.40 and a 200 day moving average price of $133.16. Vertiv Holdings Co. has a fifty-two week low of $53.60 and a fifty-two week high of $202.45. The firm has a market cap of $68.68 billion, a P/E ratio of 67.79, a P/E/G ratio of 1.46 and a beta of 1.87. 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:VRT) last issued 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. Vertiv had a return on equity of 50.82% and a net margin of 10.67%.The company had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.59 billion. During the same quarter last year, the firm earned $0.76 EPS. The business’s revenue was up 29.0% on a year-over-year basis. 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 forecast that Vertiv Holdings Co. will post 3.59 earnings per share 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 paid a dividend of $0.0375 per share. The ex-dividend date was Monday, September 15th. This represents a $0.15 annualized dividend and a yield of 0.1%. Vertiv’s payout ratio is presently 5.66%.

Insider Buying and Selling at Vertiv

In other Vertiv news, Director Steven Reinemund sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $128.22, for a total value of $12,822,000.00. Following the transaction, the director owned 133,333 shares of the company’s stock, valued at $17,095,957.26. This trade represents a 42.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jakki L. Haussler sold 15,680 shares of the company’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 value of $1,943,065.60. Following the transaction, the director directly owned 4,631 shares of the company’s stock, valued at $573,873.52. This trade represents a 77.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 180,952 shares of company stock valued at $23,360,571 over the last three months. 5.01% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

VRT has been the topic of a number of analyst reports. Barclays lifted their price objective on shares of Vertiv from $145.00 to $170.00 and gave the company an “equal weight” rating in a research note on Thursday, October 23rd. Bank of America lifted their price target on shares of Vertiv from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. JPMorgan Chase & Co. upped their price objective on shares of Vertiv from $150.00 to $206.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Royal Bank Of Canada raised their target price on Vertiv from $191.00 to $196.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Finally, Rothschild & Co Redburn began coverage on Vertiv in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $135.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Vertiv currently has an average rating of “Moderate Buy” and a consensus target price of $177.81.

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.