Atria Wealth Solutions Inc. Reduces Stake in Vertiv Holdings Co. $VRT

Key Points

• Atria Wealth Solutions Inc. has reduced its stake in Vertiv Holdings Co. by 35.5% during the second quarter, now owning 17,973 shares valued at approximately $2.3 million.
• Vertiv's stock has received positive attention, with multiple analysts raising their price targets; UBS increased its target from $135.00 to $173.00 and Citigroup from $167.00 to $192.00.
• Insider sales have been significant, with Director Steven Reinemund selling 100,000 shares for around $12.8 million, reducing his ownership by 42.86%.

Atria Wealth Solutions Inc. reduced its position in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 35.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,973 shares of the company's stock after selling 9,880 shares during the period. Atria Wealth Solutions Inc.'s holdings in Vertiv were worth $2,306,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. FengHe Fund Management Pte. Ltd. purchased a new position in Vertiv in the 1st quarter valued at approximately $33,389,000. Fox Run Management L.L.C. increased its position in Vertiv by 449.9% during the first quarter. Fox Run Management L.L.C. now owns 21,545 shares of the company's stock worth $1,556,000 after buying an additional 17,627 shares in the last quarter. Trilogy Capital Inc. purchased a new position in Vertiv during the second quarter worth $2,790,000. Maxi Investments CY Ltd increased its position in Vertiv by 160.3% during the first quarter. Maxi Investments CY Ltd now owns 26,025 shares of the company's stock worth $1,879,000 after buying an additional 16,025 shares in the last quarter. Finally, Balboa Wealth Partners increased its position in Vertiv by 68.9% during the first quarter. Balboa Wealth Partners now owns 29,408 shares of the company's stock worth $2,123,000 after buying an additional 12,001 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Vertiv

In related 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 transaction, the director owned 133,333 shares in the company, valued at approximately $17,095,957.26. This trade represents a 42.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jakki L. Haussler sold 15,680 shares of Vertiv stock in a transaction on Monday, September 8th. The shares were sold at an average price of $123.92, for a total value of $1,943,065.60. Following the completion of the transaction, the director owned 4,631 shares in the company, valued at $573,873.52. The trade was a 77.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 180,952 shares of company stock worth $23,360,571 over the last ninety days. 2.63% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. UBS Group raised their price target on Vertiv from $135.00 to $173.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Redburn Atlantic raised Vertiv to a "hold" rating in a research report on Wednesday, August 20th. Glj Research assumed coverage on Vertiv in a research report on Tuesday, August 19th. They set a "sell" rating and a $112.00 price target for the company. Morgan Stanley reissued an "overweight" rating on shares of Vertiv in a research report on Sunday, August 10th. Finally, Citigroup raised their price target on Vertiv from $167.00 to $192.00 and gave the stock a "buy" rating in a research report on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $157.90.

Vertiv Price Performance

VRT stock opened at $180.33 on Thursday. Vertiv Holdings Co. has a 52-week low of $53.60 and a 52-week high of $184.44. The stock's fifty day simple moving average is $141.77 and its 200-day simple moving average is $118.45. 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 stock has a market capitalization of $68.86 billion, a price-to-earnings ratio of 86.28, a price-to-earnings-growth ratio of 1.51 and a beta of 1.84.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.95 earnings per share (EPS) 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 business had revenue of $2.64 billion for the quarter, compared to analysts' expectations of $2.36 billion. During the same quarter last year, the firm earned $0.67 earnings per share. The business's revenue was up 35.1% on a year-over-year basis. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. 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 was paid on Thursday, September 25th. Investors of record on Monday, September 15th were issued a $0.0375 dividend. The ex-dividend date was Monday, September 15th. This represents a $0.15 dividend on an annualized basis and a yield of 0.1%. Vertiv's dividend payout ratio (DPR) is presently 7.18%.

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.

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