Allworth Financial LP Has $5.64 Million Position in Vertiv Holdings Co. $VRT

Key Points

• Allworth Financial reduced its Vertiv position by 63.8% in the second quarter, selling 29,684 shares and retaining 16,852 shares valued at approximately $5.64 million. Institutional investors collectively own 89.92% of Vertiv.
• Analyst sentiment remains broadly positive, with a consensus “Buy” rating and an average price target of $357.83, despite mixed revisions from firms including RBC and Weiss Ratings.
• Vertiv reported quarterly EPS of $1.52, exceeding the $1.43 consensus estimate, while revenue rose 24.1% year over year to $3.27 billion. The company also declared a quarterly dividend of $0.0625 per share, for an annualized yield of 0.1%.

Allworth Financial LP decreased its position in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 63.8% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 16,852 shares of the company's stock after selling 29,684 shares during the period. Allworth Financial LP's holdings in Vertiv were worth $5,642,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of VRT. Vermillion & White Wealth Management Group LLC boosted its position in Vertiv by 58.3% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 152 shares of the company's stock valued at $25,000 after purchasing an additional 56 shares during the last quarter. Sankala Group LLC bought a new position in shares of Vertiv in the fourth quarter valued at $27,000. Meeder Asset Management Inc. increased its holdings in Vertiv by 211.3% during the fourth quarter. Meeder Asset Management Inc. now owns 165 shares of the company's stock worth $27,000 after buying an additional 112 shares during the last quarter. Rossby Financial LCC acquired a new position in Vertiv during the fourth quarter worth $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Vertiv during the fourth quarter worth $29,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Bank of America lifted their price objective on shares of Vertiv from $370.00 to $440.00 and gave the company a "buy" rating in a research report on Friday, May 15th. Weiss Ratings downgraded shares of Vertiv from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, August 14th. JPMorgan Chase & Co. lifted their price target on Vertiv from $305.00 to $350.00 and gave the stock an "overweight" rating in a report on Friday, April 24th. Fox Advisors raised Vertiv from a "hold" rating to a "strong-buy" rating in a research report on Thursday, May 21st. Finally, Royal Bank Of Canada dropped their price objective on Vertiv from $418.00 to $337.00 and set an "outperform" rating on the stock in a research note on Thursday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $357.83.

Vertiv Stock Performance

Shares of Vertiv stock opened at $264.25 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.03 and a debt-to-equity ratio of 0.62. The company has a market cap of $101.73 billion, a PE ratio of 59.79, a price-to-earnings-growth ratio of 1.07 and a beta of 2.06. The company has a 50 day moving average of $295.45 and a 200-day moving average of $287.04. Vertiv Holdings Co. has a 1-year low of $118.70 and a 1-year high of $379.93.

Vertiv (NYSE:VRT - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.43 by $0.09. The business had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $3.38 billion. Vertiv had a net margin of 15.09% and a return on equity of 50.47%. The firm's revenue was up 24.1% compared to the same quarter last year. During the same period last year, the company earned $0.95 EPS. Vertiv has set its Q3 2026 guidance at 1.770-1.830 EPS and its FY 2026 guidance at 6.650-6.750 EPS. As a group, equities research analysts forecast that Vertiv Holdings Co. will post 6.7 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 15th were paid a dividend of $0.0625 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.25 annualized dividend and a yield of 0.1%. Vertiv's dividend payout ratio is currently 5.66%.

Vertiv Profile

Vertiv is a global provider of critical digital infrastructure and continuity solutions for data centers, communication networks and commercial and industrial environments. Headquartered in Columbus, Ohio, the company designs, manufactures and services equipment and software that support power availability, thermal management and IT infrastructure management for a broad set of end markets, including hyperscale and enterprise data centers, colocation providers, telecom operators and industrial customers.

The company's product portfolio includes uninterruptible power supplies (UPS), power distribution units (PDUs), battery and DC power systems, precision cooling and thermal management equipment, racks and enclosures, and integrated modular infrastructure.

Want to see what other hedge funds are holding VRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vertiv Holdings Co. (NYSE:VRT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source