Waterfront Wealth Inc. purchased a new position in Vertiv Holdings Co. (NYSE:VRT – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,194 shares of the company’s stock, valued at approximately $282,000.
A number of other hedge funds also recently modified their holdings of VRT. FengHe Fund Management Pte. Ltd. bought a new stake in shares of Vertiv during the first quarter valued at approximately $33,389,000. Nordea Investment Management AB increased its position in shares of Vertiv by 100.1% during the second quarter. Nordea Investment Management AB now owns 3,246,769 shares of the company’s stock valued at $415,132,000 after acquiring an additional 1,624,456 shares in the last quarter. Fox Run Management L.L.C. increased its position in shares of Vertiv by 449.9% during the first quarter. Fox Run Management L.L.C. now owns 21,545 shares of the company’s stock valued at $1,556,000 after acquiring an additional 17,627 shares in the last quarter. Trilogy Capital Inc. bought a new stake in shares of Vertiv during the second quarter valued at approximately $2,790,000. Finally, Maxi Investments CY Ltd increased its position in shares of Vertiv by 160.3% during the first quarter. Maxi Investments CY Ltd now owns 26,025 shares of the company’s stock valued at $1,879,000 after acquiring an additional 16,025 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on VRT. Melius Research raised shares of Vertiv from a “hold” rating to a “strong-buy” rating and raised their price target for the company from $134.00 to $165.00 in a research report on Tuesday, July 8th. Redburn Atlantic raised shares of Vertiv to a “hold” rating in a research report on Wednesday, August 20th. Oppenheimer raised their price target on shares of Vertiv from $190.00 to $195.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Rothschild Redb raised shares of Vertiv to a “hold” rating in a research report on Wednesday, August 20th. Finally, Zacks Research cut shares of Vertiv from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Vertiv currently has an average rating of “Moderate Buy” and an average price target of $177.81.
Insider Buying and Selling at Vertiv
In other news, insider Karsten Winther sold 41,654 shares of the business’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $134.21, for a total value of $5,590,383.34. Following the sale, the insider directly owned 18,848 shares in the company, valued at $2,529,590.08. The trade was a 68.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Steven Reinemund sold 100,000 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $17,095,957.26. This trade represents a 42.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 180,952 shares of company stock valued at $23,360,571. Corporate insiders own 2.63% of the company’s stock.
Vertiv Trading Up 4.6%
Shares of Vertiv stock opened at $199.26 on Thursday. The company’s fifty day simple moving average is $151.12 and its 200-day simple moving average is $127.11. The stock has a market capitalization of $76.09 billion, a PE ratio of 75.19, a P/E/G ratio of 1.55 and a beta of 1.84. Vertiv Holdings Co. has a 1-year low of $53.60 and a 1-year high of $199.50. 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 – Get Free Report) last released its earnings results on Wednesday, October 22nd. The company reported $1.24 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $2.59 billion. During the same quarter in the previous year, the company earned $0.76 EPS. Vertiv’s revenue for the quarter 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, equities analysts anticipate that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.
Vertiv Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Monday, September 15th were paid a $0.0375 dividend. The ex-dividend date was Monday, September 15th. This represents a $0.15 annualized dividend and a yield of 0.1%. Vertiv’s payout ratio is presently 5.66%.
Vertiv Company 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.
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