Bamco Inc. NY Reduces Stock Position in Vertiv Holdings Co. $VRT

Bamco Inc. NY cut its holdings in Vertiv Holdings Co. (NYSE:VRT) by 13.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,570,600 shares of the company’s stock after selling 396,003 shares during the period. Vertiv accounts for 0.9% of Bamco Inc. NY’s investment portfolio, making the stock its 22nd biggest position. Bamco Inc. NY owned approximately 0.67% of Vertiv worth $330,091,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Vertiv by 0.8% in the second quarter. Vanguard Group Inc. now owns 38,006,755 shares of the company’s stock worth $4,880,447,000 after acquiring an additional 291,596 shares during the period. State Street Corp lifted its holdings in Vertiv by 5.7% during the 2nd quarter. State Street Corp now owns 8,269,839 shares of the company’s stock worth $1,061,930,000 after purchasing an additional 442,937 shares in the last quarter. Amundi boosted its stake in Vertiv by 96.8% in the 1st quarter. Amundi now owns 6,951,773 shares of the company’s stock worth $469,490,000 after purchasing an additional 3,420,144 shares during the period. Geode Capital Management LLC boosted its stake in Vertiv by 3.4% in the 2nd quarter. Geode Capital Management LLC now owns 6,686,778 shares of the company’s stock worth $856,082,000 after purchasing an additional 219,970 shares during the period. Finally, Invesco Ltd. grew its holdings in Vertiv by 20.9% during the 2nd quarter. Invesco Ltd. now owns 5,931,488 shares of the company’s stock valued at $761,662,000 after buying an additional 1,024,634 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada increased their price target on shares of Vertiv from $191.00 to $196.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Barclays reaffirmed a “neutral” rating and set a $181.00 target price on shares of Vertiv in a report on Thursday, December 4th. Mizuho increased their target price on shares of Vertiv from $165.00 to $198.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Roth Capital restated a “buy” rating and set a $195.00 price target (up from $162.00) on shares of Vertiv in a research report on Tuesday, October 21st. Finally, Cfra Research raised shares of Vertiv to a “moderate buy” rating in a report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Vertiv has an average rating of “Moderate Buy” and an average price target of $180.48.

Vertiv Price Performance

VRT stock opened at $161.14 on Friday. The firm has a 50 day simple moving average of $177.10 and a two-hundred day simple moving average of $145.97. The stock has a market cap of $61.61 billion, a PE ratio of 60.81, a P/E/G ratio of 1.44 and a beta of 2.03. Vertiv Holdings Co. has a one year low of $53.60 and a one year high of $202.45. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.83 and a quick ratio of 1.43.

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

Vertiv Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Tuesday, November 25th will be issued a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Tuesday, November 25th. This is an increase from Vertiv’s previous quarterly dividend of $0.04. Vertiv’s dividend payout ratio (DPR) is currently 9.43%.

Insider Activity at Vertiv

In related news, EVP Stephen Liang sold 5,501 shares of the firm’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $170.48, for a total transaction of $937,810.48. Following the transaction, the executive vice president directly owned 4,050 shares of the company’s stock, valued at approximately $690,444. This trade represents a 57.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.63% of the company’s stock.

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.