Envestnet Portfolio Solutions Inc. Has $9.23 Million Stock Position in Vertiv Holdings Co. $VRT

Envestnet Portfolio Solutions Inc. decreased its stake in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 20.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 71,888 shares of the company's stock after selling 18,405 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Vertiv were worth $9,231,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in VRT. GW&K Investment Management LLC acquired a new position in shares of Vertiv during the 1st quarter worth approximately $26,000. SouthState Corp acquired a new position in shares of Vertiv during the 1st quarter worth approximately $27,000. North Star Investment Management Corp. increased its holdings in shares of Vertiv by 4,120.0% during the 1st quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock worth $30,000 after acquiring an additional 412 shares during the last quarter. Sachetta LLC increased its holdings in shares of Vertiv by 242.0% during the 1st quarter. Sachetta LLC now owns 448 shares of the company's stock worth $32,000 after acquiring an additional 317 shares during the last quarter. Finally, Banque Transatlantique SA acquired a new position in shares of Vertiv during the 1st quarter worth approximately $33,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Vertiv Stock Performance

NYSE:VRT opened at $179.43 on Tuesday. The stock has a fifty day moving average price of $140.24 and a 200-day moving average price of $117.62. 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 company has a debt-to-equity ratio of 0.93, a quick ratio of 1.35 and a current ratio of 1.74. Vertiv Holdings Co. has a fifty-two week low of $53.60 and a fifty-two week high of $184.44.

Vertiv (NYSE:VRT - Get Free Report) last released its earnings results 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 firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.36 billion. Vertiv had a return on equity of 51.64% and a net margin of 8.93%.The company's revenue was up 35.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.67 EPS. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. As a group, equities analysts anticipate that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Monday, September 15th were given 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 was Monday, September 15th. Vertiv's dividend payout ratio is presently 7.18%.

Insider Buying and Selling

In other news, Director Steven Reinemund sold 100,000 shares of the business's stock in a transaction 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 completion of the transaction, the director owned 133,333 shares of the company's stock, valued at approximately $17,095,957.26. The trade was a 42.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Karsten Winther sold 41,654 shares of the business's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $134.21, for a total value of $5,590,383.34. Following the transaction, the insider directly owned 18,848 shares of the company's stock, valued at $2,529,590.08. This trade represents a 68.85% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 180,952 shares of company stock valued at $23,360,571. 5.01% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on VRT. Barclays boosted their target price on Vertiv from $128.00 to $145.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 1st. JPMorgan Chase & Co. boosted their target price on Vertiv from $127.00 to $150.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Roth Capital restated a "buy" rating and issued a $162.00 price target on shares of Vertiv in a research note on Thursday, September 25th. Morgan Stanley restated an "overweight" rating on shares of Vertiv in a research note on Sunday, August 10th. Finally, Melius Research upgraded Vertiv from a "hold" rating to a "strong-buy" rating and boosted their price target for the company from $134.00 to $165.00 in a research note on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $149.84.

Vertiv Company 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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