Fisher Funds Management LTD Invests $1.40 Million in Vertiv Holdings Co. $VRT

Fisher Funds Management LTD bought a new position in Vertiv Holdings Co. (NYSE:VRT) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,298 shares of the company’s stock, valued at approximately $1,403,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Vertiv by 0.8% during the second quarter. Vanguard Group Inc. now owns 38,006,755 shares of the company’s stock valued at $4,880,447,000 after buying an additional 291,596 shares during the period. State Street Corp increased its position in Vertiv by 5.7% during the 2nd quarter. State Street Corp now owns 8,269,839 shares of the company’s stock valued at $1,061,930,000 after purchasing an additional 442,937 shares during the period. Geode Capital Management LLC increased its position in Vertiv by 3.4% during the 2nd quarter. Geode Capital Management LLC now owns 6,686,778 shares of the company’s stock valued at $856,082,000 after purchasing an additional 219,970 shares during the period. Invesco Ltd. raised its holdings in Vertiv by 20.9% in the 2nd quarter. Invesco Ltd. now owns 5,931,488 shares of the company’s stock worth $761,662,000 after purchasing an additional 1,024,634 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Vertiv in the 2nd quarter worth about $538,132,000. Institutional investors own 89.92% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Barclays upgraded shares of Vertiv from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $181.00 to $200.00 in a research report on Friday, January 2nd. Zacks Research upgraded Vertiv from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. Weiss Ratings restated a “buy (b-)” rating on shares of Vertiv in a research note on Monday, December 22nd. TD Cowen upped their price target on Vertiv from $162.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Finally, Roth Capital reissued 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. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Vertiv currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.48.

Insider Activity at Vertiv

In other news, EVP Stephen Liang sold 5,501 shares of the stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $170.48, for a total transaction of $937,810.48. Following 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. 5.01% of the stock is currently owned by insiders.

Vertiv Stock Up 2.5%

Shares of NYSE:VRT opened at $176.91 on Tuesday. The company has a current ratio of 1.83, a quick ratio of 1.43 and a debt-to-equity ratio of 0.83. The stock has a fifty day simple moving average of $170.07 and a two-hundred day simple moving average of $155.59. Vertiv Holdings Co. has a 12-month low of $53.60 and a 12-month high of $202.45. The stock has a market capitalization of $67.64 billion, a price-to-earnings ratio of 66.76, a PEG ratio of 1.06 and a beta of 2.06.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, October 22nd. The company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.25. The firm had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.59 billion. Vertiv had a return on equity of 50.82% and a net margin of 10.67%.The company’s quarterly revenue was up 29.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.76 earnings per share. 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, research analysts anticipate that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Tuesday, November 25th were paid a $0.0625 dividend. This is a boost from Vertiv’s previous quarterly dividend of $0.04. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Tuesday, November 25th. Vertiv’s payout ratio is currently 9.43%.

Vertiv Profile

Vertiv is a global provider of critical digital infrastructure and continuity solutions for data centers, communication networks and commercial and industrial environments. Headquartered in Columbus, Ohio, the company designs, manufactures and services equipment and software that support power availability, thermal management and IT infrastructure management for a broad set of end markets, including hyperscale and enterprise data centers, colocation providers, telecom operators and industrial customers.

The company’s product portfolio includes uninterruptible power supplies (UPS), power distribution units (PDUs), battery and DC power systems, precision cooling and thermal management equipment, racks and enclosures, and integrated modular infrastructure.