Oak Harvest Investment Services Takes $3.91 Million Position in Vertiv Holdings Co. $VRT

Oak Harvest Investment Services acquired a new stake in Vertiv Holdings Co. (NYSE:VRT) during the second quarter, according to its most recent filing with the SEC. The firm acquired 30,460 shares of the company’s stock, valued at approximately $3,911,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. FengHe Fund Management Pte. Ltd. acquired a new position in shares of Vertiv in the 1st quarter valued at $33,389,000. Nordea Investment Management AB lifted its holdings 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 valued at $415,132,000 after purchasing an additional 1,624,456 shares in the last quarter. Fox Run Management L.L.C. grew its position in shares of Vertiv by 449.9% in 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 purchasing an additional 17,627 shares during the period. iA Global Asset Management Inc. increased its stake 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 purchasing an additional 5,173 shares in the last quarter. Finally, Trilogy Capital Inc. acquired a new stake in Vertiv during the 2nd quarter worth approximately $2,790,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Stock Down 5.7%

NYSE:VRT opened at $163.41 on Friday. Vertiv Holdings Co. has a twelve month low of $53.60 and a twelve month high of $202.45. The firm has a market capitalization of $62.48 billion, a price-to-earnings ratio of 61.66, a price-to-earnings-growth ratio of 1.41 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. The stock’s 50 day moving average price is $163.41 and its two-hundred day moving average price is $135.01.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, October 22nd. The company reported $1.24 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 the consensus estimate of $2.59 billion. Vertiv had a return on equity of 50.82% and a net margin of 10.67%.The firm’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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 expect that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders 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 dividend yield of 0.1%. Vertiv’s payout ratio is currently 5.66%.

Insider Transactions at Vertiv

In other news, Director Jakki L. Haussler sold 15,680 shares of the company’s stock in a transaction dated 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 sale, the director directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven Reinemund sold 100,000 shares of Vertiv stock in a transaction dated 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 transaction, 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 position. The disclosure for this sale is available in the SEC filing. Insiders have sold 139,298 shares of company stock worth $17,770,188 in the last ninety days. Insiders own 2.63% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Citigroup upped their price target on shares of Vertiv from $192.00 to $198.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. KGI Securities raised shares of Vertiv from a “hold” rating to an “outperform” rating in a research note on Thursday, October 23rd. Glj Research began coverage on Vertiv in a research note on Tuesday, August 19th. They issued a “sell” rating and a $112.00 price target on the stock. TD Cowen upped 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. Finally, Rothschild Redb upgraded Vertiv to a “hold” rating in a research note on Wednesday, August 20th. Two analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $177.81.

Vertiv Company 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.