Vertiv Holdings Co. $VRT Stock Purchased by King Luther Capital Management Corp

King Luther Capital Management Corp boosted its position in Vertiv Holdings Co. (NYSE:VRT) by 9.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 105,375 shares of the company’s stock after purchasing an additional 9,033 shares during the period. King Luther Capital Management Corp’s holdings in Vertiv were worth $25,428,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC lifted its holdings in shares of Vertiv by 60.5% in the first quarter. Cornerstone Planning Group LLC now owns 130 shares of the company’s stock valued at $33,000 after buying an additional 49 shares during the period. Burkett Financial Services LLC bought a new position in Vertiv during the third quarter valued at about $35,000. Ravenstone Capital Management Inc. acquired a new position in Vertiv during the first quarter worth about $40,000. Activest Wealth Management grew its holdings in Vertiv by 59.2% during the third quarter. Activest Wealth Management now owns 164 shares of the company’s stock worth $40,000 after acquiring an additional 61 shares during the period. Finally, Bartlett & CO. Wealth Management LLC acquired a new position in Vertiv during the first quarter worth about $41,000. 89.92% of the stock is owned by institutional investors.

Recent Vertiv Headlines

These are some of the VRT headlines that stood out recently:

• Positive Sentiment: Bernstein assigned Vertiv a Buy rating, adding to favorable commentary on the company’s growth prospects. Recent coverage has highlighted AI data-center demand and strong quarterly performance: revenue rose 61% year over year in the reported quarter, and earnings exceeded consensus estimates. Article: Vertiv Receives a Buy from Bernstein
• Neutral Sentiment: JPMorgan initiated coverage with a Neutral rating and a $240 price target. The target indicates potential upside from the cited share price, but the rating signals a more measured view than Bernstein’s Buy call. Article: JPMorgan Initiates Coverage of Vertiv
• Negative Sentiment: Some investor commentary remains cautious, pointing to Vertiv’s sharp chart decline and arguing that investors may want to wait for a lower entry price. That concern could temper enthusiasm even as the company’s operating growth remains strong. Article: Vertiv—Good Quarter, Crushed Chart

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on VRT shares. The Goldman Sachs Group dropped their price target on shares of Vertiv from $352.00 to $301.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Deutsche Bank reduced their price objective on shares of Vertiv from $331.00 to $323.00 and set a “buy” rating for the company in a research report on Wednesday, September 30th. HSBC lowered their price objective on shares of Vertiv from $376.00 to $365.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. UBS Group reiterated a “buy” rating and issued a $370.00 target price on shares of Vertiv in a report on Thursday, July 30th. Finally, Piper Sandler set a $375.00 target price on shares of Vertiv in a research note on Wednesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $333.70.

Vertiv Stock Up 1.6%

VRT stock opened at $209.78 on Friday. Vertiv Holdings Co. has a 52-week low of $147.82 and a 52-week high of $379.93. The company’s 50 day simple moving average is $232.64 and its 200-day simple moving average is $270.17. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.39 and a quick ratio of 1.01. The firm has a market capitalization of $80.78 billion, a P/E ratio of 39.21, a P/E/G ratio of 0.66 and a beta of 2.11.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.39. Vertiv had a net margin of 15.99% and a return on equity of 53.31%. The firm had revenue of $4.31 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same quarter last year, the business posted $1.24 EPS. The company’s revenue was up 61.2% on a year-over-year basis. As a group, equities research analysts anticipate that Vertiv Holdings Co. will post 7.17 EPS for the current year.

Vertiv Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Monday, September 14th were issued a $0.0625 dividend. The ex-dividend date was Monday, September 14th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.1%. Vertiv’s dividend payout ratio is presently 4.67%.

Insider Activity

In other news, Director Edward Monser sold 15,287 shares of the firm’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $253.82, for a total value of $3,880,146.34. Following the completion of the sale, the director owned 16,500 shares of the company’s stock, valued at $4,188,030. This trade represents a 48.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is owned by insiders.

About Vertiv

Vertiv Holdings Co. (NYSE: VRT) designs, manufactures and services critical digital infrastructure used by data centers, communications networks and commercial and industrial facilities. Its offerings help customers maintain reliable power, cooling and operating conditions for technology systems. The company’s products and solutions include uninterruptible power supplies, power distribution equipment, thermal management systems, racks, integrated modular infrastructure, and monitoring and control software.