Dakota Wealth Management Decreases Stake in Vertiv Holdings Co. $VRT

Key Points

• Dakota Wealth Management significantly reduced its stake in Vertiv Holdings Co. by 87.9%, leaving it with 4,859 shares valued at approximately $624,000.
• Several institutional investors, including Presidio Capital Management and Cigna Investments, have increased their holdings in Vertiv, indicating a general interest in the company among hedge funds.
• Recent insider trading shows directors also sold a substantial number of shares, with one director selling 100,000 shares for over $12.8 million, reflecting a notable decrease in their ownership.

Dakota Wealth Management reduced its holdings in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 87.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,859 shares of the company's stock after selling 35,220 shares during the period. Dakota Wealth Management's holdings in Vertiv were worth $624,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Presidio Capital Management LLC lifted its stake in shares of Vertiv by 1.3% in the second quarter. Presidio Capital Management LLC now owns 6,010 shares of the company's stock worth $772,000 after buying an additional 80 shares in the last quarter. Cigna Investments Inc. New lifted its stake in shares of Vertiv by 3.5% in the second quarter. Cigna Investments Inc. New now owns 3,755 shares of the company's stock worth $482,000 after buying an additional 127 shares in the last quarter. Commerce Bank lifted its stake in shares of Vertiv by 0.7% in the first quarter. Commerce Bank now owns 20,739 shares of the company's stock worth $1,497,000 after buying an additional 134 shares in the last quarter. TD Private Client Wealth LLC lifted its stake in shares of Vertiv by 37.5% in the first quarter. TD Private Client Wealth LLC now owns 510 shares of the company's stock worth $37,000 after buying an additional 139 shares in the last quarter. Finally, Forum Financial Management LP raised its stake in Vertiv by 5.4% during the first quarter. Forum Financial Management LP now owns 2,852 shares of the company's stock worth $206,000 after purchasing an additional 147 shares during the period. 89.92% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Vertiv

In related news, Director Jakki L. Haussler sold 15,680 shares of the company's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $123.92, for a total transaction of $1,943,065.60. Following the sale, the director directly owned 4,631 shares of the company's stock, valued at $573,873.52. This represents a 77.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 sale, the director directly owned 133,333 shares in the company, valued at approximately $17,095,957.26. The trade was a 42.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 180,952 shares of company stock valued at $23,360,571 in the last 90 days. Corporate insiders own 5.01% of the company's stock.

Vertiv Price Performance

Shares of VRT opened at $138.57 on Monday. Vertiv Holdings Co. has a fifty-two week low of $53.60 and a fifty-two week high of $155.84. The firm's 50 day moving average price is $134.71 and its 200 day moving average price is $111.76. The company has a market cap of $52.92 billion, a P/E ratio of 66.30, a PEG ratio of 1.22 and a beta of 1.78. The company has a quick ratio of 1.35, a current ratio of 1.74 and a debt-to-equity ratio of 0.93.

Vertiv (NYSE:VRT - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.95 earnings per share for the quarter, topping 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 period in the prior year, the firm earned $0.67 EPS. The firm's revenue for the quarter was up 35.1% on a year-over-year basis. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. On average, research analysts forecast that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Monday, September 15th were paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Monday, September 15th. Vertiv's dividend payout ratio is presently 7.18%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Royal Bank Of Canada lifted their target price on shares of Vertiv from $143.00 to $162.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Citigroup lifted their target price on shares of Vertiv from $130.00 to $149.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Rothschild Redb raised shares of Vertiv to a "hold" rating in a research note on Wednesday, August 20th. Mizuho lifted their target price 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, Melius Research upgraded shares of Vertiv from a "hold" rating to a "strong-buy" rating and lifted their price target for the company from $134.00 to $165.00 in a research report on Tuesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $142.25.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.