Atalanta Sosnoff Capital LLC Sells 188,230 Shares of Vertiv Holdings Co. $VRT

Key Points

• Atalanta Sosnoff Capital LLC has reduced its holdings in Vertiv Holdings Co. by 70%, now owning 80,719 shares valued at approximately $5.83 million.
• The company reported a 35.1% year-over-year revenue increase for the last quarter, reaching $2.64 billion, and beat EPS estimates by $0.12.
• Vertiv recently increased its dividend to $0.0375, representing a yield of 14.0%, with a low payout ratio of 7.18%.

Atalanta Sosnoff Capital LLC trimmed its stake in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 70.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,719 shares of the company's stock after selling 188,230 shares during the quarter. Atalanta Sosnoff Capital LLC's holdings in Vertiv were worth $5,828,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Ibex Wealth Advisors grew its stake in Vertiv by 10.5% in the 1st quarter. Ibex Wealth Advisors now owns 73,739 shares of the company's stock valued at $5,324,000 after buying an additional 6,989 shares during the last quarter. FengHe Fund Management Pte. Ltd. acquired a new position in shares of Vertiv in the first quarter valued at approximately $33,389,000. Viking Fund Management LLC grew its position in shares of Vertiv by 123.5% in the first quarter. Viking Fund Management LLC now owns 38,000 shares of the company's stock valued at $2,744,000 after purchasing an additional 21,000 shares during the last quarter. Outlook Wealth Advisors LLC bought a new position in shares of Vertiv during the first quarter worth approximately $475,000. Finally, Fox Run Management L.L.C. lifted its holdings in Vertiv by 449.9% during the 1st quarter. Fox Run Management L.L.C. now owns 21,545 shares of the company's stock worth $1,556,000 after purchasing an additional 17,627 shares during the last quarter. 89.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

VRT has been the topic of a number of research reports. Wolfe Research reaffirmed an "outperform" rating and issued a $155.00 price objective on shares of Vertiv in a report on Thursday, July 10th. Melius Research raised shares of Vertiv from a "hold" rating to a "strong-buy" rating and boosted their target price for the company from $134.00 to $165.00 in a research report on Tuesday, July 8th. Rothschild Redb raised shares of Vertiv to a "hold" rating in a research report on Wednesday, August 20th. Mizuho lifted their price objective on shares of Vertiv from $125.00 to $150.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 16th. Finally, Redburn Atlantic upgraded shares of Vertiv to a "hold" rating in a research report on Wednesday, August 20th. Two equities 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 given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $142.00.

Insider Buying and Selling

In other news, insider Paul Ryan sold 22,218 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $127.34, for a total value of $2,829,240.12. Following the completion of the transaction, the insider owned 12,803 shares of the company's stock, valued at approximately $1,630,334.02. This represents a 63.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven Reinemund sold 100,000 shares of the company's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $128.22, for a total transaction of $12,822,000.00. Following the transaction, the director owned 133,333 shares of the company's stock, valued at approximately $17,095,957.26. This represents a 42.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 165,272 shares of company stock worth $21,417,505 in the last ninety days. 2.63% of the stock is owned by insiders.

Vertiv Price Performance

Shares of NYSE:VRT traded down $1.68 during midday 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 company's 50-day moving average price is $131.26 and its 200-day moving average price is $106.53. Vertiv Holdings Co. has a fifty-two week low of $53.60 and a fifty-two week high of $155.84. The company has a quick ratio of 1.35, a current ratio of 1.74 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $47.36 billion, a P/E ratio of 59.34, a price-to-earnings-growth ratio of 1.11 and a beta of 1.78.

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

Vertiv Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Monday, September 15th will be issued a dividend of $0.0375 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.1%. Vertiv's payout ratio is 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.