Alliancebernstein L.P. Cuts Position in Vertiv Holdings Co. $VRT

Key Points

• Alliancebernstein L.P. sold 116,139 shares of Vertiv Holdings Co., reducing its holdings by 35.5%, leaving it with a total of 211,154 shares worth approximately $15.2 million.
• Vertiv's Q2 earnings surpassed expectations, reporting $0.95 EPS compared to the consensus estimate of $0.83, along with a quarterly revenue of $2.64 billion, marking a 35.1% increase from the previous year.
• The company announced a quarterly dividend of $0.0375 per share, with an annualized yield of 0.1%, planned for payment on September 25.

Alliancebernstein L.P. cut its position in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 35.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 211,154 shares of the company's stock after selling 116,139 shares during the period. Alliancebernstein L.P. owned approximately 0.06% of Vertiv worth $15,245,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VRT. GW&K Investment Management LLC bought a new position in Vertiv during the first quarter valued at approximately $26,000. SouthState Corp bought a new position in Vertiv during the first quarter valued at approximately $27,000. North Star Investment Management Corp. boosted its stake in Vertiv by 4,120.0% during the first quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock valued at $30,000 after buying an additional 412 shares during the last quarter. Sachetta LLC boosted its stake in Vertiv by 242.0% during the first quarter. Sachetta LLC now owns 448 shares of the company's stock valued at $32,000 after buying an additional 317 shares during the last quarter. Finally, Banque Transatlantique SA bought a new position in Vertiv during the first quarter valued at approximately $33,000. 89.92% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Wolfe Research reaffirmed an "outperform" rating and issued a $155.00 price objective on shares of Vertiv in a research note on Thursday, July 10th. Redburn Atlantic raised Vertiv to a "hold" rating in a research note on Wednesday, August 20th. Evercore ISI reaffirmed an "outperform" rating on shares of Vertiv in a research note on Thursday, July 10th. Melius raised Vertiv from a "hold" rating to a "buy" rating and set a $165.00 price objective for the company in a research note on Tuesday, July 8th. Finally, Mizuho raised their price objective on Vertiv from $125.00 to $150.00 and gave the company an "outperform" rating in a research note on Wednesday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $142.00.

Insider Transactions at Vertiv

In other Vertiv news, Director Jakki L. Haussler sold 15,680 shares of the firm's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $123.92, for a total transaction of $1,943,065.60. Following the transaction, the director directly owned 4,631 shares in the company, valued at $573,873.52. This trade represents a 77.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Paul Ryan sold 22,218 shares of the firm's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $127.34, for a total value of $2,829,240.12. Following the transaction, the insider owned 12,803 shares in the company, valued at $1,630,334.02. The trade was a 63.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 180,952 shares of company stock valued at $23,360,571. Company insiders own 2.63% of the company's stock.

Vertiv Trading Down 0.6%

Shares of NYSE VRT traded down $0.81 during midday trading on Friday, hitting $134.90. The company's stock had a trading volume of 4,063,625 shares, compared to its average volume of 6,334,653. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 0.93. The business's 50 day moving average is $131.73 and its two-hundred day moving average is $107.73. Vertiv Holdings Co. has a 12-month low of $53.60 and a 12-month high of $155.84. The firm has a market cap of $51.51 billion, a P/E ratio of 64.55, a price-to-earnings-growth ratio of 1.20 and a beta of 1.78.

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

Vertiv Dividend Announcement

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

Vertiv 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.