Vertiv Holdings Co. $VRT Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA decreased its position in shares of Vertiv Holdings Co. (NYSE:VRT) by 5.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,785,185 shares of the company’s stock after selling 93,194 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Vertiv were worth $431,008,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in VRT. Sachetta LLC grew its holdings in shares of Vertiv by 41.4% during the 1st quarter. Sachetta LLC now owns 123 shares of the company’s stock worth $31,000 after purchasing an additional 36 shares during the period. Cornerstone Planning Group LLC boosted its position in Vertiv by 60.5% in the 1st 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 acquired a new stake in shares of Vertiv in the third quarter valued at $35,000. Center for Financial Planning Inc. raised its stake in shares of Vertiv by 554.2% in the first quarter. Center for Financial Planning Inc. now owns 157 shares of the company’s stock valued at $39,000 after acquiring an additional 133 shares in the last quarter. Finally, Ravenstone Capital Management Inc. purchased a new position in Vertiv in the first quarter valued at $40,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Edward Monser sold 15,287 shares of Vertiv stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $253.82, for a total value of $3,880,146.34. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is currently owned by company insiders.

Vertiv Stock Performance

Shares of VRT opened at $182.49 on Friday. The company has a market capitalization of $70.26 billion, a PE ratio of 34.11, a PEG ratio of 0.58 and a beta of 2.11. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.01 and a current ratio of 1.39. The company’s 50 day moving average price is $236.97 and its 200 day moving average price is $269.74. Vertiv Holdings Co. has a 52 week low of $147.82 and a 52 week high of $379.93.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, October 28th. The company reported $2.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.39. The company had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $3.75 billion. Vertiv had a net margin of 15.99% and a return on equity of 53.31%. The company’s revenue was up 61.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.24 EPS. Research analysts expect that Vertiv Holdings Co. will post 7.17 EPS for the current fiscal year.

Vertiv Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on VRT shares. Wall Street Zen raised Vertiv from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Weiss Ratings downgraded shares of Vertiv from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, August 14th. KeyCorp decreased their price objective on Vertiv from $360.00 to $325.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. Citigroup upped their price target on shares of Vertiv from $358.00 to $362.00 and gave the stock a “buy” rating in a research report on Thursday, October 29th. Finally, UBS Group reiterated a “buy” rating and set a $370.00 price target on shares of Vertiv in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $337.78.

Key Vertiv News

Here are the key news stories impacting Vertiv this week:

• Positive Sentiment: Vertiv’s recent quarter reportedly beat revenue estimates by about $550 million, delivered record results and came with raised guidance. One Wall Street team argues the selloff may overstate the threat because orders have not yet been affected. Vertiv Beat by $550 Million Last Week. It Has Lost 23% Since Tuesday’s Vote Vertiv Suffered a Near 40% Drop Over 6 Months
• Positive Sentiment: A report says Vertiv has locked in three years of AI power-chip supply. Securing supply could help the company serve continued demand for data-center infrastructure. Vertiv Holdings Co Locked In Three Years Of AI Power Chip Supply
• Neutral Sentiment: Zacks describes VRT as a strong growth stock, but its article highlights a research-service stock-rating framework rather than a new company development. Here’s Why Vertiv Holdings Co. Is a Strong Growth Stock
• Negative Sentiment: The main near-term pressure is concern that the election outcome and potential data-center permitting limits, including a reported Texas permit freeze, could restrain AI infrastructure spending. The reports indicate this is a prospective risk; they do not establish that Vertiv’s orders have declined. Steve Weiss Says the Midterms Just Put a Lid on AI Spending
• Negative Sentiment: Broader weakness in AI-related stocks and ETFs may be adding to pressure on VRT, while the article notes the shares have lost about 23% since Tuesday’s vote. Some of the Year’s Hottest AI ETFs Are in Big Trouble Today

Vertiv Profile

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.