Covalis Capital LLP Acquires New Position in Vertiv Holdings Co. $VRT

Covalis Capital LLP bought a new position in shares of Vertiv Holdings Co. (NYSE:VRT) during the 2nd quarter, Holdings Channel reports. The firm bought 64,302 shares of the company’s stock, valued at approximately $8,257,000. Vertiv makes up 1.0% of Covalis Capital LLP’s investment portfolio, making the stock its 29th biggest position.

A number of other hedge funds and other institutional investors also recently modified their holdings of VRT. SouthState Corp acquired a new stake in shares of Vertiv in the 1st quarter worth approximately $27,000. Avion Wealth boosted its position in Vertiv by 99.1% during the second quarter. Avion Wealth now owns 213 shares of the company’s stock worth $27,000 after purchasing an additional 106 shares in the last quarter. OLD Point Trust & Financial Services N A acquired a new stake in Vertiv in the second quarter valued at $32,000. Banque Transatlantique SA acquired a new stake in Vertiv in the first quarter valued at $33,000. Finally, DiNuzzo Private Wealth Inc. increased its position in shares of Vertiv by 780.0% in the second quarter. DiNuzzo Private Wealth Inc. now owns 264 shares of the company’s stock valued at $34,000 after buying an additional 234 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VRT has been the topic of several recent research reports. UBS Group boosted their price objective on shares of Vertiv from $173.00 to $201.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. The Goldman Sachs Group set a $182.00 price target on shares of Vertiv in a report on Thursday, October 23rd. TD Cowen raised their price objective on shares of Vertiv from $162.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Morgan Stanley lifted their price objective on Vertiv from $165.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft set a $216.00 target price on Vertiv and gave the company a “buy” rating in a report on Wednesday, October 15th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Vertiv has an average rating of “Moderate Buy” and a consensus price target of $177.81.

Insider Buying and Selling at Vertiv

In related news, Director Steven Reinemund sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $128.22, for a total value of $12,822,000.00. Following the sale, the director directly owned 133,333 shares of the company’s stock, valued at approximately $17,095,957.26. This trade represents a 42.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul Ryan sold 22,218 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $127.34, for a total transaction of $2,829,240.12. Following the transaction, the insider directly owned 12,803 shares of the company’s stock, valued at $1,630,334.02. This trade represents a 63.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 139,298 shares of company stock worth $17,770,188 in the last 90 days. 2.63% of the stock is owned by company insiders.

Vertiv Stock Up 0.1%

Shares of NYSE VRT opened at $159.77 on Friday. The firm has a market cap of $61.09 billion, a P/E ratio of 60.29, a price-to-earnings-growth ratio of 1.30 and a beta of 1.87. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.43 and a current ratio of 1.83. Vertiv Holdings Co. has a 1 year low of $53.60 and a 1 year high of $202.45. The firm’s 50 day moving average price is $167.69 and its 200 day moving average price is $138.46.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, October 22nd. The company reported $1.24 earnings per share for the quarter, beating 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 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. Vertiv’s revenue was up 29.0% on a year-over-year basis. 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, sell-side analysts anticipate that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Tuesday, November 25th will be paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.2%. 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. Vertiv’s dividend payout ratio is 4.15%.

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.