Wealthfront Advisers LLC raised its holdings in Vertiv Holdings Co. (NYSE:VRT – Free Report) by 12.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,131 shares of the company’s stock after purchasing an additional 5,792 shares during the quarter. Wealthfront Advisers LLC’s holdings in Vertiv were worth $6,566,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also added to or reduced their stakes in the stock. Presidio Capital Management LLC grew its position in shares of Vertiv by 1.3% during the 2nd 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 period. Glass Jacobson Investment Advisors llc grew its holdings in Vertiv by 4.0% during the second quarter. Glass Jacobson Investment Advisors llc now owns 2,218 shares of the company’s stock valued at $285,000 after purchasing an additional 86 shares during the period. Grandview Asset Management LLC increased its position in Vertiv by 2.8% in the second quarter. Grandview Asset Management LLC now owns 3,536 shares of the company’s stock worth $454,000 after buying an additional 96 shares during the last quarter. Ameriflex Group Inc. raised its stake in shares of Vertiv by 14.9% in the second quarter. Ameriflex Group Inc. now owns 770 shares of the company’s stock valued at $95,000 after buying an additional 100 shares during the period. Finally, Avion Wealth lifted its position in shares of Vertiv by 99.1% during the 2nd quarter. Avion Wealth now owns 213 shares of the company’s stock valued at $27,000 after buying an additional 106 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.
Insiders Place Their Bets
In related news, Director Steven Reinemund sold 100,000 shares of the company’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 value of $12,822,000.00. Following the transaction, the director directly owned 133,333 shares in the company, valued at approximately $17,095,957.26. This represents a 42.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Karsten Winther sold 41,654 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $134.21, for a total transaction of $5,590,383.34. Following the completion of the sale, the insider directly owned 18,848 shares in the company, valued at $2,529,590.08. This represents a 68.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 180,952 shares of company stock worth $23,360,571 over the last three months. Company insiders own 5.01% of the company’s stock.
Vertiv Stock Performance
Vertiv (NYSE:VRT – Get Free Report) last released its quarterly earnings results on Wednesday, October 22nd. The company reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.25. The firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.59 billion. Vertiv had a net margin of 10.67% and a return on equity of 50.82%. The business’s revenue for the quarter was up 29.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.76 EPS. 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, analysts expect that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.
Vertiv Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Monday, September 15th were given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Monday, September 15th. Vertiv’s dividend payout ratio (DPR) is 5.66%.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on VRT shares. Cfra Research raised Vertiv to a “moderate buy” rating in a report on Tuesday, October 7th. Oppenheimer lifted their target price on shares of Vertiv from $190.00 to $195.00 and gave the stock an “outperform” rating in a research note on Thursday. Melius raised shares of Vertiv from a “hold” rating to a “buy” rating and set a $165.00 price target on the stock in a research report on Tuesday, July 8th. Melius Research raised shares of Vertiv from a “hold” rating to a “strong-buy” rating and raised their price objective for the stock from $134.00 to $165.00 in a report on Tuesday, July 8th. Finally, Citigroup lifted their price objective on shares of Vertiv from $192.00 to $198.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $177.81.
Read Our Latest Research Report on Vertiv
Vertiv Company 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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