Channel Wealth LLC Sells 17,199 Shares of Vertiv Holdings Co. $VRT

Key Points

• Channel Wealth LLC reduced its stake in Vertiv Holdings Co. by 85.6%, selling 17,199 shares and now holding 2,904 shares valued at $373,000.
• Vertiv's latest quarterly earnings reported $0.95 earnings per share, surpassing analysts' expectations and indicating a 35.1% revenue increase year-over-year to $2.64 billion.
• The company recently declared a $0.0375 quarterly dividend, with an annualized yield of 0.1%, marking a low payment ratio of 7.18%.

Channel Wealth LLC trimmed its holdings in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 85.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,904 shares of the company's stock after selling 17,199 shares during the quarter. Channel Wealth LLC's holdings in Vertiv were worth $373,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Garde Capital Inc. boosted its stake in Vertiv by 1,886.7% in the 2nd quarter. Garde Capital Inc. now owns 298 shares of the company's stock worth $38,000 after purchasing an additional 283 shares during the period. Ameriflex Group Inc. purchased a new stake in Vertiv during the 4th quarter valued at $37,000. GW&K Investment Management LLC purchased a new stake in Vertiv during the 1st quarter valued at $26,000. SouthState Corp purchased a new stake in Vertiv during the 1st quarter valued at $27,000. Finally, North Star Investment Management Corp. raised its holdings in Vertiv by 4,120.0% during the 1st quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock valued at $30,000 after buying an additional 412 shares during the period. 89.92% of the stock is currently owned by institutional investors.

Vertiv Price Performance

Shares of VRT stock opened at $136.77 on Wednesday. Vertiv Holdings Co. has a 1-year low of $53.60 and a 1-year high of $155.84. The stock's 50-day moving average is $132.18 and its 200 day moving average is $108.34. The company has a market cap of $52.23 billion, a P/E ratio of 65.44, a PEG ratio of 1.22 and a beta of 1.78. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.74 and a quick ratio of 1.35.

Vertiv (NYSE:VRT - Get Free Report) last issued 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. Vertiv had a return on equity of 51.64% and a net margin of 8.93%.The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter last year, the company earned $0.67 earnings per share. The firm'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 predict that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Monday, September 15th will be given 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 yield of 0.1%. Vertiv's dividend payout ratio (DPR) is presently 7.18%.

Insider Buying and Selling

In other Vertiv news, Director Steven Reinemund sold 100,000 shares of the stock in a transaction dated 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 completion of the sale, the director directly 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jakki L. Haussler sold 15,680 shares of the 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 completion of the sale, the director owned 4,631 shares of the company's stock, valued at approximately $573,873.52. This trade represents a 77.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 180,952 shares of company stock worth $23,360,571 in the last three months. 5.01% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on VRT shares. The Goldman Sachs Group restated a "buy" rating on shares of Vertiv in a report on Friday, July 11th. Melius upgraded Vertiv from a "hold" rating to a "buy" rating and set a $165.00 price target on the stock in a report on Tuesday, July 8th. Wall Street Zen upgraded Vertiv from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 21st. Roth Capital increased their price target on Vertiv from $100.00 to $157.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. Finally, JPMorgan Chase & Co. increased their target price on Vertiv from $127.00 to $150.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $142.00.

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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