Freedom Investment Management Inc. Boosts Position in Vertiv Holdings Co. $VRT

Freedom Investment Management Inc. grew its holdings in shares of Vertiv Holdings Co. (NYSE:VRT) by 55.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,668 shares of the company’s stock after buying an additional 1,672 shares during the period. Freedom Investment Management Inc.’s holdings in Vertiv were worth $599,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in VRT. Amundi increased its stake in shares of Vertiv by 96.8% during the first quarter. Amundi now owns 6,951,773 shares of the company’s stock valued at $469,490,000 after buying an additional 3,420,144 shares during the period. 1832 Asset Management L.P. increased its stake in shares of Vertiv by 985.3% during the first quarter. 1832 Asset Management L.P. now owns 2,301,700 shares of the company’s stock valued at $166,183,000 after buying an additional 2,089,612 shares during the period. Nordea Investment Management AB grew its stake 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. Vanguard Group Inc. grew its stake in Vertiv by 3.7% in the first quarter. Vanguard Group Inc. now owns 37,715,159 shares of the company’s stock worth $2,723,034,000 after purchasing an additional 1,359,070 shares during the period. Finally, Nuveen LLC purchased a new stake in Vertiv in the first quarter worth $77,820,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Vertiv

In other news, Director Jakki L. Haussler sold 15,680 shares of Vertiv stock in a transaction that occurred on 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 completion of the sale, the director directly owned 4,631 shares in the company, valued at $573,873.52. The trade was a 77.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Steven Reinemund sold 100,000 shares of Vertiv stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $128.22, for a total transaction of $12,822,000.00. Following the completion of the sale, the director owned 133,333 shares of the company’s stock, valued at $17,095,957.26. This represents a 42.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 180,952 shares of company stock valued at $23,360,571. Insiders own 2.63% of the company’s stock.

Wall Street Analysts Forecast Growth

VRT has been the topic of several recent research reports. Barclays upped their price target on Vertiv from $145.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Thursday. The Goldman Sachs Group set a $182.00 price target on Vertiv in a research note on Thursday. UBS Group upped their price target on Vertiv from $173.00 to $201.00 and gave the stock a “buy” rating in a research note on Thursday. Cfra Research raised Vertiv to a “moderate buy” rating in a research note on Tuesday, October 7th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $195.00 price target (up from $162.00) on shares of Vertiv in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $177.81.

Vertiv Trading Up 1.5%

Vertiv stock opened at $185.87 on Friday. The company has a current ratio of 1.83, a quick ratio of 1.35 and a debt-to-equity ratio of 0.83. The business’s fifty day simple moving average is $147.30 and its two-hundred day simple moving average is $124.14. Vertiv Holdings Co. has a 12 month low of $53.60 and a 12 month high of $188.89. The company has a market capitalization of $70.98 billion, a price-to-earnings ratio of 70.14, a price-to-earnings-growth ratio of 1.49 and a beta of 1.84.

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

Vertiv Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Monday, September 15th were given a dividend of $0.0375 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.15 annualized dividend and a dividend yield of 0.1%. Vertiv’s dividend payout ratio (DPR) is 5.66%.

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.