Axxcess Wealth Management LLC Grows Position in Vertiv Holdings Co. $VRT

Key Points

• Axxcess Wealth Management LLC increased its stake in Vertiv Holdings Co. by 80.4% in Q2, holding 18,666 shares valued at approximately $2.4 million.
• Vertiv reported a quarterly earnings per share of $0.95, surpassing analysts' expectations by $0.12, with revenues reaching $2.64 billion for the quarter.
• The stock currently has a market cap of approximately $68.86 billion and trades with a P/E ratio of 86.28, with a consensus price target of $157.90 from analysts.

Axxcess Wealth Management LLC boosted its stake in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 80.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,666 shares of the company's stock after buying an additional 8,319 shares during the quarter. Axxcess Wealth Management LLC's holdings in Vertiv were worth $2,397,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Presidio Capital Management LLC boosted its stake in Vertiv by 1.3% in the 2nd quarter. Presidio Capital Management LLC now owns 6,010 shares of the company's stock worth $772,000 after purchasing an additional 80 shares during the period. Grandview Asset Management LLC boosted its stake in Vertiv by 2.8% in the 2nd quarter. Grandview Asset Management LLC now owns 3,536 shares of the company's stock worth $454,000 after purchasing an additional 96 shares during the period. Ameriflex Group Inc. boosted its stake in Vertiv by 14.9% in the 2nd quarter. Ameriflex Group Inc. now owns 770 shares of the company's stock worth $95,000 after purchasing an additional 100 shares during the period. Cigna Investments Inc. New boosted its stake in Vertiv by 3.5% in the 2nd quarter. Cigna Investments Inc. New now owns 3,755 shares of the company's stock worth $482,000 after purchasing an additional 127 shares during the period. Finally, Commerce Bank boosted its stake in Vertiv by 0.7% in the 1st quarter. Commerce Bank now owns 20,739 shares of the company's stock worth $1,497,000 after purchasing an additional 134 shares during the period. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Stock Performance

Shares of VRT opened at $180.33 on Thursday. The company has a market cap of $68.86 billion, a PE ratio of 86.28, a price-to-earnings-growth ratio of 1.51 and a beta of 1.84. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 0.93. Vertiv Holdings Co. has a 12-month low of $53.60 and a 12-month high of $184.44. The stock has a 50-day moving average price of $141.77 and a 200-day moving average price of $118.45.

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

Vertiv Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have commented on VRT. Deutsche Bank Aktiengesellschaft set a $216.00 target price on Vertiv and gave the stock a "buy" rating in a research note on Wednesday. Citigroup raised their target price on Vertiv from $167.00 to $192.00 and gave the stock a "buy" rating in a research note on Thursday, October 9th. Redburn Atlantic upgraded Vertiv to a "hold" rating in a research report on Wednesday, August 20th. Rothschild Redb upgraded Vertiv to a "hold" rating in a research report on Wednesday, August 20th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Vertiv in a research report on Sunday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Vertiv currently has an average rating of "Moderate Buy" and a consensus price target of $157.90.

Insider Transactions at Vertiv

In related news, insider Karsten Winther sold 41,654 shares of the firm's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $134.21, for a total transaction of $5,590,383.34. Following the transaction, the insider directly owned 18,848 shares of the company's stock, valued at approximately $2,529,590.08. This trade represents a 68.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jakki L. Haussler sold 15,680 shares of the firm's stock in a transaction dated 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 transaction, the director directly owned 4,631 shares in the company, valued at approximately $573,873.52. This represents a 77.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 180,952 shares of company stock valued at $23,360,571. 2.63% of the stock is currently owned by corporate insiders.

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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