Sterling Capital Management LLC Raises Stock Holdings in Vertiv Holdings Co. $VRT

Sterling Capital Management LLC grew its position in shares of Vertiv Holdings Co. (NYSE:VRT) by 36.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 97,471 shares of the company’s stock after acquiring an additional 26,236 shares during the quarter. Sterling Capital Management LLC’s holdings in Vertiv were worth $12,516,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Vertiv by 3.7% in the 1st 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 in the last quarter. Amundi raised 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 valued at $469,490,000 after buying an additional 3,420,144 shares in the last quarter. Fred Alger Management LLC lifted its holdings in shares of Vertiv by 19.6% in the 1st quarter. Fred Alger Management LLC now owns 3,496,060 shares of the company’s stock valued at $252,416,000 after acquiring an additional 572,545 shares during the last quarter. Nordea Investment Management AB grew its position in Vertiv by 100.1% in the second quarter. Nordea Investment Management AB now owns 3,246,769 shares of the company’s stock worth $415,132,000 after acquiring an additional 1,624,456 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Vertiv by 6.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,839,864 shares of the company’s stock worth $205,085,000 after acquiring an additional 182,937 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

Insider Transactions at Vertiv

In other news, Director Jakki L. Haussler sold 15,680 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $123.92, for a total transaction of $1,943,065.60. Following the transaction, the director owned 4,631 shares of the company’s stock, valued at approximately $573,873.52. This represents a 77.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven Reinemund sold 100,000 shares of Vertiv 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 completion of the sale, the director owned 133,333 shares of the company’s stock, valued at $17,095,957.26. The trade was a 42.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 180,952 shares of company stock valued at $23,360,571 over the last 90 days. 2.63% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

VRT has been the subject of several analyst reports. The Goldman Sachs Group set a $182.00 price objective on Vertiv in a research note on Thursday, October 23rd. Rothschild & Co Redburn assumed coverage on Vertiv in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $135.00 price target for the company. TD Cowen boosted their price objective on shares of Vertiv from $162.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Rothschild Redb raised shares of Vertiv to a “hold” rating in a research note on Wednesday, August 20th. Finally, Roth Capital reaffirmed a “buy” rating and set a $195.00 price target (up from $162.00) on shares of Vertiv in a research note on Tuesday, October 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $177.81.

Vertiv Trading Down 3.8%

NYSE VRT opened at $183.40 on Friday. The stock has a market cap of $70.12 billion, a PE ratio of 69.21, a PEG ratio of 1.55 and a beta of 1.87. Vertiv Holdings Co. has a 12 month low of $53.60 and a 12 month high of $202.45. The company’s 50-day moving average price is $158.36 and its 200-day moving average price is $131.57. The company has a current ratio of 1.83, a quick ratio of 1.43 and a debt-to-equity ratio of 0.83.

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

Vertiv Dividend Announcement

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

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.