Guinness Asset Management LTD Sells 790 Shares of Vertiv Holdings Co. $VRT

Guinness Asset Management LTD lessened its position in shares of Vertiv Holdings Co. (NYSE:VRT) by 18.8% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 3,421 shares of the company’s stock after selling 790 shares during the quarter. Guinness Asset Management LTD’s holdings in Vertiv were worth $439,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Amundi lifted its position in Vertiv by 96.8% during the first quarter. Amundi now owns 6,951,773 shares of the company’s stock valued at $469,490,000 after purchasing an additional 3,420,144 shares during the last quarter. 1832 Asset Management L.P. increased its holdings in shares of Vertiv by 985.3% in the 1st quarter. 1832 Asset Management L.P. now owns 2,301,700 shares of the company’s stock worth $166,183,000 after buying an additional 2,089,612 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Vertiv by 100.1% during the 2nd quarter. Nordea Investment Management AB now owns 3,246,769 shares of the company’s stock valued at $415,132,000 after buying an additional 1,624,456 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Vertiv by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 37,715,159 shares of the company’s stock valued at $2,723,034,000 after acquiring an additional 1,359,070 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of Vertiv in the 1st quarter valued at about $77,820,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Vertiv

In related news, insider Paul Ryan sold 22,218 shares of the business’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 value of $2,829,240.12. Following the completion of the sale, the insider owned 12,803 shares in the company, valued at approximately $1,630,334.02. The trade was a 63.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jakki L. Haussler sold 15,680 shares of the stock in a transaction that occurred on 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 completion of the transaction, the director directly owned 4,631 shares in the company, valued at approximately $573,873.52. This trade represents a 77.20% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 180,952 shares of company stock worth $23,360,571. Corporate insiders own 5.01% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on VRT. Wolfe Research reissued an “outperform” rating and set a $155.00 price objective on shares of Vertiv in a research note on Thursday, July 10th. UBS Group lifted their target price on Vertiv from $173.00 to $201.00 and gave the stock a “buy” rating in a report on Thursday. Roth Capital restated a “buy” rating and set a $195.00 price target (up previously from $162.00) on shares of Vertiv in a report on Tuesday, October 21st. William Blair began coverage on Vertiv in a research report on Monday, July 28th. They issued an “outperform” rating for the company. Finally, Rothschild Redb upgraded shares of Vertiv to a “hold” rating in a research report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $177.81.

Vertiv Price Performance

Shares of VRT stock opened at $185.87 on Monday. The stock has a 50 day moving average price of $147.30 and a 200 day moving average price of $124.50. Vertiv Holdings Co. has a 52-week low of $53.60 and a 52-week high of $188.89. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.43 and a current ratio of 1.83. The firm has a market capitalization of $70.98 billion, a P/E ratio of 70.14, a P/E/G ratio of 1.51 and a beta of 1.84.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, October 22nd. The company reported $1.24 EPS 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 for the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter in the prior year, the company posted $0.76 EPS. Vertiv’s quarterly 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 predict 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. Investors of record on Monday, September 15th were paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Monday, September 15th. Vertiv’s dividend payout ratio (DPR) is currently 5.66%.

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.