Sierra Summit Advisors LLC Decreases Stock Holdings in Vertiv Holdings Co. $VRT

Sierra Summit Advisors LLC lowered its stake in shares of Vertiv Holdings Co. (NYSE:VRT) by 2.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,840 shares of the company’s stock after selling 2,533 shares during the quarter. Vertiv comprises 2.0% of Sierra Summit Advisors LLC’s holdings, making the stock its 18th largest holding. Sierra Summit Advisors LLC’s holdings in Vertiv were worth $11,280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. AE Wealth Management LLC grew its position in shares of Vertiv by 440.4% in the 1st quarter. AE Wealth Management LLC now owns 10,079 shares of the company’s stock worth $728,000 after buying an additional 8,214 shares during the last quarter. Pinnacle Associates Ltd. acquired a new stake in Vertiv in the first quarter valued at approximately $3,111,000. Carnegie Investment Counsel boosted its stake in Vertiv by 39.8% in the first quarter. Carnegie Investment Counsel now owns 11,378 shares of the company’s stock valued at $821,000 after acquiring an additional 3,240 shares in the last quarter. Brookwood Investment Group LLC purchased a new position in Vertiv in the first quarter worth $245,000. Finally, Avantax Advisory Services Inc. increased its position in shares of Vertiv by 4.2% during the first quarter. Avantax Advisory Services Inc. now owns 24,650 shares of the company’s stock worth $1,780,000 after purchasing an additional 989 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.

Vertiv Stock Performance

Shares of NYSE VRT opened at $159.77 on Friday. The company has a 50 day simple moving average of $167.69 and a two-hundred day simple moving average of $138.46. The stock has a market cap of $61.09 billion, a price-to-earnings ratio of 60.29, a PEG ratio of 1.30 and a beta of 1.87. The company has a current ratio of 1.83, a quick ratio of 1.43 and a debt-to-equity ratio of 0.83. Vertiv Holdings Co. has a 12 month low of $53.60 and a 12 month high of $202.45.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, October 22nd. The company reported $1.24 earnings per share 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 analyst estimates of $2.59 billion. Vertiv had a net margin of 10.67% and a return on equity of 50.82%. The business’s quarterly revenue was up 29.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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, analysts predict that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Tuesday, November 25th will be issued a $0.0625 dividend. 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 annualized dividend and a dividend yield of 0.2%. Vertiv’s payout ratio is presently 4.15%.

Insider Transactions at Vertiv

In other news, Director Jakki L. Haussler sold 15,680 shares of the company’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $123.92, for a total value of $1,943,065.60. Following the sale, the director owned 4,631 shares in the company, valued at $573,873.52. This represents a 77.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul Ryan sold 22,218 shares of Vertiv stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $127.34, for a total value of $2,829,240.12. Following the transaction, the insider owned 12,803 shares of the company’s stock, valued at approximately $1,630,334.02. This represents a 63.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 139,298 shares of company stock worth $17,770,188 over the last quarter. 2.63% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on VRT. Evercore ISI raised their price objective on Vertiv from $180.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, October 20th. Deutsche Bank Aktiengesellschaft set a $216.00 price target on Vertiv and gave the stock a “buy” rating in a report on Wednesday, October 15th. Barclays upped their price objective on shares of Vertiv from $145.00 to $170.00 and gave the company an “equal weight” rating in a report on Thursday, October 23rd. Weiss Ratings raised shares of Vertiv from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. Finally, Rothschild Redb raised shares of Vertiv to a “hold” rating in a research report on Wednesday, August 20th. Two research 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, Vertiv presently has an average rating of “Moderate Buy” and a consensus price target of $177.81.

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.