Westfield Capital Management Co. LP Boosts Stock Holdings in Vertiv Holdings Co. $VRT

Westfield Capital Management Co. LP grew its position in Vertiv Holdings Co. (NYSE:VRT) by 10.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,637,409 shares of the company’s stock after purchasing an additional 259,837 shares during the period. Vertiv comprises about 1.4% of Westfield Capital Management Co. LP’s portfolio, making the stock its 13th largest position. Westfield Capital Management Co. LP owned about 0.69% of Vertiv worth $338,670,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GW&K Investment Management LLC bought a new position in shares of Vertiv during the 1st quarter worth approximately $26,000. SouthState Corp purchased a new stake in shares of Vertiv during the first quarter valued at approximately $27,000. Avion Wealth lifted its holdings in Vertiv by 99.1% during the second quarter. Avion Wealth now owns 213 shares of the company’s stock worth $27,000 after acquiring an additional 106 shares during the period. OLD Point Trust & Financial Services N A purchased a new position in Vertiv in the second quarter worth $32,000. Finally, Banque Transatlantique SA purchased a new position in Vertiv in the first quarter worth $33,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Paul Ryan sold 22,218 shares of the stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $127.34, for a total value of $2,829,240.12. Following the sale, the insider owned 12,803 shares in the company, valued at approximately $1,630,334.02. This trade represents a 63.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jakki L. Haussler sold 15,680 shares of Vertiv stock in a transaction 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 sale, 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. The disclosure for this sale is available in the SEC filing. Insiders have sold 139,298 shares of company stock worth $17,770,188 in the last three months. 2.63% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on VRT shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vertiv in a research report on Thursday, November 13th. Mizuho raised their price objective on shares of Vertiv from $165.00 to $198.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. TD Cowen boosted their target price on shares of Vertiv from $162.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. KGI Securities upgraded shares of Vertiv from a “hold” rating to an “outperform” rating in a research note on Thursday, October 23rd. Finally, Barclays lifted their price target on shares of Vertiv from $145.00 to $170.00 and gave the stock an “equal weight” rating in a report on Thursday, October 23rd. Two analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $177.81.

Vertiv Price Performance

Vertiv stock opened at $171.12 on Thursday. The firm has a market capitalization of $65.43 billion, a P/E ratio of 64.57, a PEG ratio of 1.34 and a beta of 1.87. 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. The business has a fifty day moving average price of $166.72 and a 200-day moving average price of $137.55.

Vertiv (NYSE:VRT) last issued 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. Vertiv had a return on equity of 50.82% and a net margin of 10.67%.The business had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter last year, the company earned $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. FY 2025 guidance at 4.070-4.130 EPS. As a group, equities research analysts forecast 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. This is a boost from Vertiv’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. Vertiv’s payout ratio is currently 4.15%.

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.