Woodmont Investment Counsel LLC purchased a new stake in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 1,749 shares of the company’s stock, valued at approximately $225,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Presidio Capital Management LLC increased its position in Vertiv by 1.3% during the second quarter. Presidio Capital Management LLC now owns 6,010 shares of the company’s stock valued at $772,000 after acquiring an additional 80 shares during the last quarter. Grandview Asset Management LLC increased its position in shares of Vertiv by 2.8% during the 2nd quarter. Grandview Asset Management LLC now owns 3,536 shares of the company’s stock valued at $454,000 after purchasing an additional 96 shares during the last quarter. Ameriflex Group Inc. lifted its stake in shares of Vertiv by 14.9% in the 2nd quarter. Ameriflex Group Inc. now owns 770 shares of the company’s stock worth $95,000 after purchasing an additional 100 shares during the period. Cigna Investments Inc. New lifted its stake in shares of Vertiv by 3.5% in the 2nd quarter. Cigna Investments Inc. New now owns 3,755 shares of the company’s stock worth $482,000 after purchasing an additional 127 shares during the period. Finally, Commerce Bank boosted its holdings in shares of Vertiv by 0.7% in the first quarter. Commerce Bank now owns 20,739 shares of the company’s stock worth $1,497,000 after buying an additional 134 shares during the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at Vertiv
In other news, insider Paul Ryan sold 22,218 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider owned 12,803 shares in the company, valued at $1,630,334.02. This trade represents a 63.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Steven Reinemund sold 100,000 shares of Vertiv stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $128.22, for a total value of $12,822,000.00. Following the completion of the sale, the director directly owned 133,333 shares in the company, valued at $17,095,957.26. This trade represents a 42.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 180,952 shares of company stock worth $23,360,571 over the last 90 days. Company insiders own 5.01% of the company’s stock.
Vertiv Stock Up 1.6%
Vertiv (NYSE:VRT – Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.12. The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.36 billion. Vertiv had a return on equity of 51.64% and a net margin of 8.93%.The firm’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.67 EPS. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. Research analysts expect that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal 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 issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Monday, September 15th. Vertiv’s payout ratio is currently 7.18%.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the stock. Bank of America increased their price target on shares of Vertiv from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. Barclays raised their target price on Vertiv from $128.00 to $145.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 1st. Morgan Stanley reissued an “overweight” rating on shares of Vertiv in a report on Sunday, August 10th. Zacks Research cut Vertiv from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 2nd. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $155.00 price objective on shares of Vertiv in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $147.58.
Read Our Latest Report on Vertiv
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.
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