Vertiv Holdings Co. $VRT Stock Holdings Cut by Integrity Alliance LLC.

Integrity Alliance LLC. decreased its stake in Vertiv Holdings Co. (NYSE:VRT) by 69.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,498 shares of the company’s stock after selling 3,486 shares during the quarter. Integrity Alliance LLC.’s holdings in Vertiv were worth $361,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Jupiter Topco LLC bought a new stake in shares of Vertiv during the second quarter worth $441,083,000. State Street Corp lifted its stake in shares of Vertiv by 4.5% in the 2nd quarter. State Street Corp now owns 16,531,530 shares of the company’s stock valued at $5,535,087,000 after acquiring an additional 704,970 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Vertiv by 33.7% during the 1st quarter. Bank of New York Mellon Corp now owns 2,410,642 shares of the company’s stock valued at $604,059,000 after acquiring an additional 608,176 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Vertiv by 14.1% during the 2nd quarter. Wellington Management Group LLP now owns 3,794,360 shares of the company’s stock valued at $1,270,428,000 after acquiring an additional 468,380 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Vertiv by 4,431.3% during the 1st quarter. Principal Financial Group Inc. now owns 432,873 shares of the company’s stock valued at $108,469,000 after acquiring an additional 423,320 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Insider Buying and Selling

In other Vertiv news, Director Edward Monser sold 15,287 shares of Vertiv stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $253.82, for a total transaction of $3,880,146.34. Following the transaction, the director directly owned 16,500 shares of the company’s stock, valued at approximately $4,188,030. The trade was a 48.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.10% of the company’s stock.

Vertiv Price Performance

VRT stock opened at $182.49 on Monday. The company has a fifty day moving average price of $236.97 and a 200-day moving average price of $269.74. The company has a market capitalization of $70.27 billion, a P/E ratio of 34.11, a PEG ratio of 0.58 and a beta of 2.11. Vertiv Holdings Co. has a 52-week low of $147.82 and a 52-week high of $379.93. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.01 and a current ratio of 1.39.

Vertiv (NYSE:VRT) last issued its quarterly earnings results 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 company had revenue of $4.31 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the previous year, the business earned $1.24 earnings per share. Vertiv’s revenue was up 61.2% compared to the same quarter last year. As a group, equities analysts expect that Vertiv Holdings Co. will post 7.17 EPS for the current year.

Vertiv Announces Dividend

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

Wall Street Analyst Weigh In

VRT has been the topic of a number of research reports. The Goldman Sachs Group reduced their price objective on Vertiv from $352.00 to $301.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. KeyCorp lowered their target price on Vertiv from $360.00 to $325.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. Roth Capital set a $345.00 target price on Vertiv in a research report on Thursday, October 29th. Bank of America cut their price target on Vertiv from $440.00 to $375.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Finally, UBS Group restated a “buy” rating and set a $370.00 price target on shares of Vertiv in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $337.78.

Trending Headlines about Vertiv

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

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.