Castle Rock Wealth Management LLC bought a new stake in Vertiv Holdings Co. (NYSE:VRT - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 16,243 shares of the company's stock, valued at approximately $2,067,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of VRT. REAP Financial Group LLC boosted its stake in Vertiv by 283.1% during the second quarter. REAP Financial Group LLC now owns 452 shares of the company's stock worth $58,000 after buying an additional 334 shares during the period. Magnolia Capital Management Ltd. purchased a new position in Vertiv during the second quarter worth $331,000. Shell Asset Management Co. boosted its stake in Vertiv by 26.9% during the second quarter. Shell Asset Management Co. now owns 13,769 shares of the company's stock worth $1,768,000 after buying an additional 2,916 shares during the period. KLP Kapitalforvaltning AS boosted its stake in Vertiv by 13.8% during the second quarter. KLP Kapitalforvaltning AS now owns 135,700 shares of the company's stock worth $17,425,000 after buying an additional 16,500 shares during the period. Finally, Belpointe Asset Management LLC boosted its stake in Vertiv by 59.9% during the second quarter. Belpointe Asset Management LLC now owns 10,230 shares of the company's stock worth $1,314,000 after buying an additional 3,834 shares during the period. 89.92% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Vertiv news, insider Paul Ryan sold 22,218 shares of the company's stock in a transaction that occurred 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 sale, the insider owned 12,803 shares in the company, valued at approximately $1,630,334.02. This represents a 63.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jakki L. Haussler sold 15,680 shares of the 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 directly owned 4,631 shares of the company's stock, 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 have sold 180,952 shares of company stock worth $23,360,571. 5.01% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several research firms have commented on VRT. Melius Research raised shares of Vertiv from a "hold" rating to a "strong-buy" rating and lifted their price objective for the stock from $134.00 to $165.00 in a research note on Tuesday, July 8th. William Blair assumed coverage on Vertiv in a research report on Monday, July 28th. They set an "outperform" rating for the company. Rothschild Redb upgraded Vertiv to a "hold" rating in a research report on Wednesday, August 20th. Royal Bank Of Canada lifted their target price on Vertiv from $143.00 to $162.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Finally, Roth Capital reiterated a "buy" rating and set a $162.00 target price on shares of Vertiv in a research report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Vertiv has a consensus rating of "Moderate Buy" and an average price target of $147.58.
Check Out Our Latest Analysis on Vertiv
Vertiv Stock Performance
Shares of Vertiv stock opened at $159.10 on Wednesday. The company has a market capitalization of $60.76 billion, a PE ratio of 76.13, a P/E/G ratio of 1.43 and a beta of 1.84. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.35 and a current ratio of 1.74. The company has a 50-day simple moving average of $137.99 and a two-hundred day simple moving average of $114.95. Vertiv Holdings Co. has a one year low of $53.60 and a one year high of $169.83.
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, beating the consensus estimate of $0.83 by $0.12. Vertiv had a net margin of 8.93% and a return on equity of 51.64%. The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the prior year, the company posted $0.67 earnings per share. The company's revenue for the quarter was up 35.1% compared to the same quarter last year. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. Research analysts expect that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal 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 given 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 is currently 7.18%.
Vertiv Company Profile
(
Free Report)
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.
See Also
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).
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