DAVENPORT & Co LLC Invests $270,000 in Vertiv Holdings Co. $VRT

DAVENPORT & Co LLC bought a new position in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,100 shares of the company's stock, valued at approximately $270,000.

Other hedge funds have also made changes to their positions in the company. GW&K Investment Management LLC acquired a new stake in shares of Vertiv during the first quarter worth about $26,000. SouthState Corp acquired a new stake in shares of Vertiv during the first quarter worth about $27,000. North Star Investment Management Corp. lifted its position in Vertiv by 4,120.0% in the first quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock valued at $30,000 after purchasing an additional 412 shares during the period. Sachetta LLC lifted its position in Vertiv by 242.0% in the first quarter. Sachetta LLC now owns 448 shares of the company's stock valued at $32,000 after purchasing an additional 317 shares during the period. Finally, Banque Transatlantique SA purchased a new stake in Vertiv in the 1st quarter valued at approximately $33,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on VRT shares. Zacks Research lowered Vertiv from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 2nd. Rothschild Redb raised Vertiv to a "hold" rating in a report on Wednesday, August 20th. Weiss Ratings lowered Vertiv from a "buy (b)" rating to a "hold (c+)" rating in a report on Wednesday, October 8th. Glj Research started coverage on Vertiv in a report on Tuesday, August 19th. They issued a "sell" rating and a $112.00 price objective on the stock. Finally, Barclays lifted their price objective on Vertiv from $128.00 to $145.00 and gave the company an "equal weight" rating in a report on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $149.84.

Vertiv Price Performance

VRT stock opened at $179.43 on Tuesday. 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 company has a market cap of $68.52 billion, a price-to-earnings ratio of 85.85, a PEG ratio of 1.48 and a beta of 1.84. The firm has a 50 day moving average of $140.24 and a 200-day moving average of $117.62.

Vertiv (NYSE:VRT - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.95 earnings per share (EPS) 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 firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the prior year, the company earned $0.67 EPS. Vertiv'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. As a group, equities analysts expect that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Monday, September 15th were paid a $0.0375 dividend. The ex-dividend date of this dividend 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 presently 7.18%.

Insider Buying and Selling

In related 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 of the company's stock, valued at approximately $1,630,334.02. This represents a 63.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $1,943,065.60. Following the completion of the sale, the director directly owned 4,631 shares in the company, valued at approximately $573,873.52. The trade was a 77.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 180,952 shares of company stock worth $23,360,571 in the last quarter. Corporate insiders own 5.01% of the company's stock.

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.

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