Wedbush Securities Inc. Sells 2,429 Shares of Vertiv Holdings Co. $VRT

Wedbush Securities Inc. decreased its position in shares of Vertiv Holdings Co. (NYSE:VRT) by 10.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,913 shares of the company’s stock after selling 2,429 shares during the quarter. Wedbush Securities Inc.’s holdings in Vertiv were worth $2,685,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Vertiv by 3.7% during the first 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 period. Amundi raised its holdings in Vertiv by 96.8% during the 1st 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 last quarter. Fred Alger Management LLC raised its holdings in Vertiv by 19.6% during the 1st 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 last quarter. Nordea Investment Management AB lifted its position in 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 purchasing an additional 1,624,456 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Vertiv by 6.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,839,864 shares of the company’s stock valued at $205,085,000 after purchasing an additional 182,937 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Vertiv news, insider Paul Ryan sold 22,218 shares of the firm’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $127.34, for a total transaction of $2,829,240.12. Following the sale, the insider directly owned 12,803 shares in the company, valued at approximately $1,630,334.02. This trade represents a 63.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Karsten Winther sold 41,654 shares of the company’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 transaction, the insider owned 18,848 shares of the company’s stock, valued at $2,529,590.08. This trade represents a 68.85% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 180,952 shares of company stock worth $23,360,571. 2.63% of the stock is owned by company insiders.

Vertiv Stock Down 1.9%

Shares of NYSE:VRT opened at $179.63 on Friday. The company has a 50 day moving average price of $159.40 and a two-hundred day moving average price of $132.77. The company has a market capitalization of $68.68 billion, a PE ratio of 67.79, a PEG ratio of 1.46 and a beta of 1.87. Vertiv Holdings Co. has a 52 week low of $53.60 and a 52 week high of $202.45. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.43 and a current ratio of 1.83.

Vertiv (NYSE:VRT) last announced 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 company 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 firm’s revenue was up 29.0% on a year-over-year basis. During the same quarter 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. Analysts forecast that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

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

Analysts Set New Price Targets

VRT has been the subject of several analyst reports. KGI Securities upgraded shares of Vertiv from a “hold” rating to an “outperform” rating in a research report on Thursday, October 23rd. UBS Group raised their price objective on shares of Vertiv from $173.00 to $201.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Cfra Research raised shares of Vertiv to a “moderate buy” rating in a report on Tuesday, October 7th. William Blair started coverage on shares of Vertiv in a research report on Monday, July 28th. They set an “outperform” rating for the company. Finally, TD Cowen raised their price target on Vertiv from $162.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $177.81.

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.