Vertiv Holdings Co. $VRT Shares Acquired by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System raised its holdings in Vertiv Holdings Co. (NYSE:VRT) by 14.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,436 shares of the company’s stock after buying an additional 2,999 shares during the period. Maryland State Retirement & Pension System’s holdings in Vertiv were worth $5,655,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Versant Capital Management Inc grew its holdings in Vertiv by 3.0% during the 2nd quarter. Versant Capital Management Inc now owns 1,156 shares of the company’s stock worth $387,000 after acquiring an additional 34 shares in the last quarter. Pincus Capital Management LP lifted its stake in Vertiv by 0.8% during the first quarter. Pincus Capital Management LP now owns 4,713 shares of the company’s stock worth $1,181,000 after purchasing an additional 38 shares during the last quarter. Capital Advisors Inc. OK lifted its position in shares of Vertiv by 2.7% during the 2nd quarter. Capital Advisors Inc. OK now owns 1,484 shares of the company’s stock worth $497,000 after buying an additional 39 shares during the last quarter. Dogwood Wealth Management LLC boosted its stake in Vertiv by 23.5% in the second quarter. Dogwood Wealth Management LLC now owns 242 shares of the company’s stock valued at $81,000 after acquiring an additional 46 shares in the last quarter. Finally, Wealth Management Partners LLC boosted its position in shares of Vertiv by 0.4% in the 3rd quarter. Wealth Management Partners LLC now owns 12,951 shares of the company’s stock valued at $3,125,000 after purchasing an additional 48 shares during the period. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Trading Up 1.6%

Shares of VRT stock opened at $209.78 on Friday. The stock has a market cap of $80.78 billion, a P/E ratio of 39.21, a P/E/G ratio of 0.66 and a beta of 2.11. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 0.53. Vertiv Holdings Co. has a fifty-two week low of $147.82 and a fifty-two week high of $379.93. The business has a fifty day simple moving average of $232.64 and a 200-day simple moving average of $270.17.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, October 28th. The company reported $2.21 EPS for the quarter, topping the consensus estimate of $1.82 by $0.39. The business had revenue of $4.31 billion for the quarter, compared to analyst estimates of $3.75 billion. Vertiv had a net margin of 15.99% and a return on equity of 53.31%. The business’s revenue for the quarter was up 61.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.24 EPS. On average, analysts forecast that Vertiv Holdings Co. will post 7.17 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Monday, September 14th were given a dividend of $0.0625 per share. The ex-dividend date was Monday, September 14th. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. Vertiv’s payout ratio is presently 4.67%.

More Vertiv News

Here’s some of the latest news about VRT:

• Positive Sentiment: Bernstein assigned Vertiv a Buy rating, adding to favorable commentary on the company’s growth prospects. Recent coverage has highlighted AI data-center demand and strong quarterly performance: revenue rose 61% year over year in the reported quarter, and earnings exceeded consensus estimates. Article: Vertiv Receives a Buy from Bernstein
• Neutral Sentiment: JPMorgan initiated coverage with a Neutral rating and a $240 price target. The target indicates potential upside from the cited share price, but the rating signals a more measured view than Bernstein’s Buy call. Article: JPMorgan Initiates Coverage of Vertiv
• Negative Sentiment: Some investor commentary remains cautious, pointing to Vertiv’s sharp chart decline and arguing that investors may want to wait for a lower entry price. That concern could temper enthusiasm even as the company’s operating growth remains strong. Article: Vertiv—Good Quarter, Crushed Chart

Insider Transactions at Vertiv

In other Vertiv news, Director Edward Monser sold 15,287 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $253.82, for a total value of $3,880,146.34. Following the sale, the director owned 16,500 shares of the company’s stock, valued at $4,188,030. This represents a 48.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Citigroup raised their price objective on shares of Vertiv from $358.00 to $362.00 and gave the stock a “buy” rating in a research report on Thursday, October 29th. Glj Research decreased their price objective on Vertiv from $188.00 to $187.00 and set a “sell” rating for the company in a research report on Monday, November 2nd. Oppenheimer restated an “outperform” rating and issued a $325.00 target price (down from $353.00) on shares of Vertiv in a research note on Thursday, July 30th. Evercore set a $375.00 price objective on shares of Vertiv in a research report on Wednesday, July 29th. Finally, Jefferies Financial Group lowered their price objective on Vertiv from $320.00 to $245.00 and set a “hold” rating on the stock in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $333.70.

About Vertiv

Vertiv Holdings Co. (NYSE: VRT) designs, manufactures and services critical digital infrastructure used by data centers, communications networks and commercial and industrial facilities. Its offerings help customers maintain reliable power, cooling and operating conditions for technology systems. The company’s products and solutions include uninterruptible power supplies, power distribution equipment, thermal management systems, racks, integrated modular infrastructure, and monitoring and control software.