Floyd Financial Group LLC Has $1.67 Million Holdings in Vertiv Holdings Co. $VRT

Key Points

• Floyd Financial Group LLC increased its holdings in Vertiv Holdings Co. by 19.4%, owning 13,030 shares worth approximately $1.67 million.
• Notable institutional investors, including Vanguard Group and Amundi, have also increased their stakes in Vertiv, indicating strong institutional interest in the company.
• Vertiv recently declared a quarterly dividend of $0.0375 per share, adding to its shareholder returns with a dividend yield of 0.1%.

Floyd Financial Group LLC lifted its position in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 19.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,030 shares of the company's stock after purchasing an additional 2,118 shares during the quarter. Vertiv accounts for 1.5% of Floyd Financial Group LLC's portfolio, making the stock its 20th largest position. Floyd Financial Group LLC's holdings in Vertiv were worth $1,666,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Vertiv by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 37,715,159 shares of the company's stock valued at $2,723,034,000 after buying an additional 1,359,070 shares in the last quarter. Amundi increased its stake in Vertiv by 96.8% in the first quarter. Amundi now owns 6,951,773 shares of the company's stock valued at $469,490,000 after acquiring an additional 3,420,144 shares during the period. Fred Alger Management LLC raised its position in Vertiv by 19.6% in the first quarter. Fred Alger Management LLC now owns 3,496,060 shares of the company's stock worth $252,416,000 after purchasing an additional 572,545 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Vertiv by 6.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,839,864 shares of the company's stock worth $205,085,000 after purchasing an additional 182,937 shares during the period. Finally, 1832 Asset Management L.P. lifted its stake in Vertiv by 985.3% during the first quarter. 1832 Asset Management L.P. now owns 2,301,700 shares of the company's stock worth $166,183,000 after purchasing an additional 2,089,612 shares during the period. 89.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on VRT shares. UBS Group upped their price objective on Vertiv from $135.00 to $173.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. upped their price target on Vertiv from $127.00 to $150.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Glj Research began coverage on Vertiv in a research note on Tuesday, August 19th. They set a "sell" rating and a $112.00 price objective for the company. The Goldman Sachs Group reissued a "buy" rating on shares of Vertiv in a report on Friday, July 11th. Finally, Evercore ISI restated an "outperform" rating on shares of Vertiv in a research note on Thursday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $142.00.

Insider Activity at Vertiv

In related news, insider Paul Ryan sold 22,218 shares of the business's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $127.34, for a total value of $2,829,240.12. Following the completion of the transaction, the insider owned 12,803 shares in the company, valued at $1,630,334.02. The trade was a 63.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Karsten Winther sold 41,654 shares of the company'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 in the company, valued at approximately $2,529,590.08. This represents a 68.85% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 180,952 shares of company stock worth $23,360,571. 2.63% of the stock is currently owned by company insiders.

Vertiv Price Performance

Vertiv stock opened at $141.76 on Thursday. The business's fifty day moving average is $134.35 and its two-hundred day moving average is $110.57. 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 firm has a market cap of $54.13 billion, a P/E ratio of 67.83, a P/E/G ratio of 1.26 and a beta of 1.78. Vertiv Holdings Co. has a 52 week low of $53.60 and a 52 week high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly 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. The business had revenue of $2.64 billion during the quarter, compared to analysts' expectations of $2.36 billion. Vertiv had a return on equity of 51.64% and a net margin of 8.93%.The firm's revenue for the quarter was up 35.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.67 earnings per share. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. Equities research analysts forecast that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Monday, September 15th. Vertiv's dividend payout ratio is 7.18%.

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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