Wealth Management Associates Inc. Buys New Shares in Vertiv Holdings Co. $VRT

Wealth Management Associates Inc. bought a new stake in Vertiv Holdings Co. (NYSE:VRT) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,392 shares of the company’s stock, valued at approximately $307,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in Vertiv by 3.7% during the first quarter. Vanguard Group Inc. now owns 37,715,159 shares of the company’s stock worth $2,723,034,000 after purchasing an additional 1,359,070 shares during the period. Amundi grew its holdings in Vertiv by 96.8% during the first quarter. Amundi now owns 6,951,773 shares of the company’s stock worth $469,490,000 after purchasing an additional 3,420,144 shares during the period. Fred Alger Management LLC grew its holdings in Vertiv by 19.6% during the first quarter. Fred Alger Management LLC now owns 3,496,060 shares of the company’s stock worth $252,416,000 after purchasing an additional 572,545 shares during the period. Nordea Investment Management AB grew its holdings in Vertiv by 100.1% during the second quarter. Nordea Investment Management AB now owns 3,246,769 shares of the company’s stock worth $415,132,000 after purchasing an additional 1,624,456 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Vertiv by 6.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,839,864 shares of the company’s stock worth $205,085,000 after purchasing an additional 182,937 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

Insider Activity

In other Vertiv news, Director Jakki L. Haussler sold 15,680 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $123.92, for a total transaction of $1,943,065.60. Following the completion of the transaction, the director directly owned 4,631 shares in the company, valued at $573,873.52. The trade was a 77.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Steven Reinemund sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $128.22, for a total transaction of $12,822,000.00. Following the transaction, the director owned 133,333 shares of the company’s stock, valued at approximately $17,095,957.26. This represents a 42.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 180,952 shares of company stock valued at $23,360,571 in the last three months. Company insiders own 5.01% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on VRT. KGI Securities upgraded Vertiv from a “hold” rating to an “outperform” rating in a report on Thursday, October 23rd. UBS Group lifted their price target on Vertiv from $173.00 to $201.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Bank of America boosted their price objective on Vertiv from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, July 17th. Melius upgraded Vertiv from a “hold” rating to a “buy” rating and set a $165.00 price objective for the company in a report on Tuesday, July 8th. Finally, Melius Research upgraded Vertiv from a “hold” rating to a “strong-buy” rating and boosted their price objective for the stock from $134.00 to $165.00 in a report on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $177.81.

Vertiv Trading Down 1.4%

Shares of VRT stock opened at $190.26 on Wednesday. The company has a current ratio of 1.83, a quick ratio of 1.43 and a debt-to-equity ratio of 0.83. The stock has a market cap of $72.65 billion, a P/E ratio of 71.79, a price-to-earnings-growth ratio of 1.57 and a beta of 1.84. The stock has a 50 day simple moving average of $149.68 and a 200 day simple moving average of $126.20. Vertiv Holdings Co. has a 1 year low of $53.60 and a 1 year high of $195.71.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, October 22nd. The company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.25. The business had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Vertiv had a return on equity of 50.82% and a net margin of 10.67%.The firm’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.76 earnings per share. Vertiv has set its Q4 2025 guidance at 1.230-1.290 EPS. FY 2025 guidance at 4.070-4.130 EPS. On average, research analysts predict that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Monday, September 15th were given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.1%. The ex-dividend date was Monday, September 15th. Vertiv’s payout ratio is currently 5.66%.

About Vertiv

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.