Alight Capital Management LP Sells 15,000 Shares of Vertiv Holdings Co. $VRT

Key Points

• Alight Capital Management LP reduced its stake in Vertiv Holdings Co. by 60%, selling 15,000 shares and ending up with 10,000 shares valued at approximately $722,000.
• Multiple hedge funds increased their stakes in Vertiv, with Amundi and 1832 Asset Management raising their holdings by 96.8% and 985.3% respectively during the first quarter.
• Research analysts have provided several upgrades for Vertiv, raising price targets significantly, with Roth Capital increasing its target from $100 to $157 and several others following suit.

Alight Capital Management LP reduced its position in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 60.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,000 shares of the company's stock after selling 15,000 shares during the period. Alight Capital Management LP's holdings in Vertiv were worth $722,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Alyeska Investment Group L.P. boosted its position in shares of Vertiv by 31.5% during the first quarter. Alyeska Investment Group L.P. now owns 779,922 shares of the company's stock valued at $56,310,000 after buying an additional 186,981 shares during the last quarter. Ancora Advisors LLC boosted its position in shares of Vertiv by 600.9% during the first quarter. Ancora Advisors LLC now owns 2,334 shares of the company's stock valued at $168,000 after buying an additional 2,001 shares during the last quarter. Amundi boosted its position in shares of Vertiv by 96.8% during the first quarter. Amundi now owns 6,951,773 shares of the company's stock valued at $469,490,000 after buying an additional 3,420,144 shares during the last quarter. Cooperman Leon G boosted its position in shares of Vertiv by 2.8% during the first quarter. Cooperman Leon G now owns 2,157,789 shares of the company's stock valued at $155,792,000 after buying an additional 57,789 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec boosted its position in shares of Vertiv by 62.5% during the first quarter. Federation des caisses Desjardins du Quebec now owns 37,582 shares of the company's stock valued at $2,713,000 after buying an additional 14,448 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Vertiv Stock Performance

Shares of VRT traded down $1.68 during mid-day trading on Friday, hitting $124.02. The stock had a trading volume of 7,717,454 shares, compared to its average volume of 5,678,286. The firm has a market cap of $47.36 billion, a P/E ratio of 59.34, a PEG ratio of 1.11 and a beta of 1.78. The business has a fifty day moving average price of $131.26 and a 200-day moving average price of $106.53. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.74 and a quick ratio of 1.35. Vertiv Holdings Co. has a 52 week low of $53.60 and a 52 week high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.12. The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.36 billion. Vertiv had a return on equity of 51.64% and a net margin of 8.93%.The business's revenue was up 35.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.67 earnings per share. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. On average, equities research analysts expect that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Monday, September 15th will be paid a $0.0375 dividend. The ex-dividend date is Monday, September 15th. This represents a $0.15 annualized dividend and a dividend yield of 0.1%. Vertiv's payout ratio is presently 7.18%.

Insider Buying and Selling at Vertiv

In other news, Director Steven Reinemund sold 100,000 shares of Vertiv stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $128.22, for a total value of $12,822,000.00. Following the completion of the transaction, the director directly owned 133,333 shares in the company, valued at approximately $17,095,957.26. The trade was a 42.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Karsten Winther sold 41,654 shares of the business's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $134.21, for a total value of $5,590,383.34. Following the sale, the insider owned 18,848 shares in the company, valued at approximately $2,529,590.08. The trade was a 68.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 165,272 shares of company stock worth $21,417,505 over the last ninety days. 2.63% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on VRT shares. UBS Group lifted their target price on Vertiv from $135.00 to $173.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Roth Capital lifted their target price on Vertiv from $100.00 to $157.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Citigroup lifted their price target on Vertiv from $130.00 to $149.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Barclays set a $128.00 price target on Vertiv and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Finally, Wall Street Zen upgraded Vertiv from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 21st. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $142.00.

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.