Praxis Investment Management Inc. Buys 5,344 Shares of Vertiv Holdings Co. $VRT

Praxis Investment Management Inc. increased its stake in Vertiv Holdings Co. (NYSE:VRT) by 102.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 10,544 shares of the company’s stock after acquiring an additional 5,344 shares during the period. Praxis Investment Management Inc.’s holdings in Vertiv were worth $1,591,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of VRT. Nordea Investment Management AB increased 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 purchasing an additional 1,624,456 shares during the period. iA Global Asset Management Inc. raised its stake in shares of Vertiv by 130.2% during the second quarter. iA Global Asset Management Inc. now owns 9,147 shares of the company’s stock worth $1,175,000 after buying an additional 5,173 shares during the last quarter. Westpac Banking Corp raised its stake in shares of Vertiv by 100.2% during the second quarter. Westpac Banking Corp now owns 12,812 shares of the company’s stock worth $1,645,000 after buying an additional 6,411 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in Vertiv by 134.9% in the second quarter. Nomura Asset Management Co. Ltd. now owns 291,036 shares of the company’s stock valued at $37,372,000 after acquiring an additional 167,152 shares during the last quarter. Finally, Trilogy Capital Inc. bought a new position in Vertiv in the second quarter valued at approximately $2,790,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Insider Activity at Vertiv

In related news, EVP Stephen Liang sold 5,501 shares of the business’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $170.48, for a total value of $937,810.48. Following the sale, the executive vice president directly owned 4,050 shares of the company’s stock, valued at approximately $690,444. The trade was a 57.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.01% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on VRT shares. Rothschild Redb raised Vertiv to a “hold” rating in a research note on Wednesday, August 20th. Citigroup increased their target price on Vertiv from $198.00 to $220.00 and gave the company a “buy” rating in a research note on Monday, December 8th. Morgan Stanley raised their target price on Vertiv from $165.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. JPMorgan Chase & Co. upped their price target on Vertiv from $150.00 to $206.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Finally, UBS Group lifted their price objective on shares of Vertiv from $173.00 to $201.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $180.48.

Vertiv Stock Down 9.8%

Shares of Vertiv stock opened at $161.14 on Monday. The company has a market capitalization of $61.61 billion, a P/E ratio of 60.81, a price-to-earnings-growth ratio of 1.30 and a beta of 2.03. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.83 and a quick ratio of 1.43. The business has a 50-day moving average of $177.10 and a two-hundred day moving average of $146.48. Vertiv Holdings Co. has a 1 year low of $53.60 and a 1 year high of $202.45.

Vertiv (NYSE:VRT) last issued 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 business had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.59 billion. Vertiv had a return on equity of 50.82% and a net margin of 10.67%.Vertiv’s quarterly revenue was up 29.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.76 EPS. Vertiv has set its Q4 2025 guidance at 1.230-1.290 EPS and its FY 2025 guidance at 4.070-4.130 EPS. As a group, equities analysts predict that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Tuesday, November 25th will be given a dividend of $0.0625 per share. This is a positive change from Vertiv’s previous quarterly dividend of $0.04. This represents a $0.25 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, November 25th. Vertiv’s payout ratio is currently 9.43%.

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.