Fisher Asset Management LLC Purchases New Stake in Vertiv Holdings Co. $VRT

Fisher Asset Management LLC acquired a new position in shares of Vertiv Holdings Co. (NYSE:VRT) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 21,766 shares of the company’s stock, valued at approximately $2,795,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Shelton Capital Management increased its holdings in Vertiv by 100.0% in the second quarter. Shelton Capital Management now owns 10,000 shares of the company’s stock valued at $1,284,000 after buying an additional 5,000 shares during the last quarter. Panagora Asset Management Inc. lifted its holdings in Vertiv by 59.4% during the 2nd quarter. Panagora Asset Management Inc. now owns 572,249 shares of the company’s stock worth $73,482,000 after buying an additional 213,147 shares during the last quarter. Smith Moore & CO. acquired a new position in shares of Vertiv in the 2nd quarter worth approximately $315,000. Virtus Advisers LLC bought a new stake in shares of Vertiv in the 2nd quarter valued at approximately $90,000. Finally, VestGen Advisors LLC acquired a new stake in shares of Vertiv during the 2nd quarter valued at approximately $316,000. Institutional investors own 89.92% of the company’s stock.

Insider Buying and Selling

In other news, EVP Stephen Liang sold 5,501 shares of the company’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $170.48, for a total value of $937,810.48. Following the completion of the sale, the executive vice president owned 4,050 shares in the company, valued at $690,444. This represents a 57.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Jakki L. Haussler sold 15,680 shares of the firm’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 transaction, the director directly owned 4,631 shares of the company’s stock, valued at $573,873.52. This represents a 77.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 2.63% of the company’s stock.

Vertiv Price Performance

Shares of NYSE VRT opened at $188.79 on Friday. The stock has a market cap of $72.18 billion, a P/E ratio of 71.24, a P/E/G ratio of 1.48 and a beta of 2.03. The firm’s 50-day simple moving average is $174.94 and its 200 day simple moving average is $143.44. Vertiv Holdings Co. has a fifty-two week low of $53.60 and a fifty-two week high of $202.45. 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 released its earnings results on Wednesday, October 22nd. The company reported $1.24 EPS for the quarter, beating the consensus estimate of $0.99 by $0.25. Vertiv had a net margin of 10.67% and a return on equity of 50.82%. The firm had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.59 billion. During the same quarter last year, the company earned $0.76 EPS. Vertiv’s quarterly revenue was up 29.0% on a year-over-year basis. Vertiv has set its Q4 2025 guidance at 1.230-1.290 EPS and its FY 2025 guidance at 4.070-4.130 EPS. Equities analysts expect that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Tuesday, November 25th will be issued a dividend of $0.0625 per share. The ex-dividend date of this dividend is Tuesday, November 25th. This is a positive change from Vertiv’s previous quarterly dividend of $0.04. This represents a $0.25 annualized dividend and a yield of 0.1%. Vertiv’s dividend payout ratio is presently 9.43%.

Analyst Upgrades and Downgrades

A number of research firms have commented on VRT. Deutsche Bank Aktiengesellschaft set a $216.00 price objective on shares of Vertiv and gave the stock a “buy” rating in a report on Wednesday, October 15th. Roth Capital reaffirmed a “buy” rating and set a $195.00 price objective (up previously from $162.00) on shares of Vertiv in a research report on Tuesday, October 21st. KGI Securities upgraded shares of Vertiv from a “hold” rating to an “outperform” rating in a research note on Thursday, October 23rd. UBS Group raised their target price on shares of Vertiv from $173.00 to $201.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Finally, Mizuho upped their target price on Vertiv from $165.00 to $198.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Vertiv presently has an average rating of “Moderate Buy” and an average price target of $178.38.

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.