Harbour Capital Advisors LLC Sells 5,600 Shares of Vertiv Holdings Co. $VRT

Key Points

• Harbour Capital Advisors LLC reduced its stake in Vertiv Holdings Co. by 31.4%, now holding 12,250 shares valued at approximately $1.52 million.
• Vertiv reported a strong quarterly performance, with $2.64 billion in revenue, surpassing estimates and achieving a 35.1% year-over-year growth.
• The company recently announced a quarterly dividend of $0.0375 per share, with a payout ratio of 7.18% and a current yield of 0.1%.

Harbour Capital Advisors LLC lowered its stake in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 31.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,250 shares of the company's stock after selling 5,600 shares during the period. Harbour Capital Advisors LLC's holdings in Vertiv were worth $1,523,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several equities analysts have recently commented on VRT shares. Rothschild Redb raised shares of Vertiv to a "hold" rating in a research note on Wednesday, August 20th. Zacks Research upgraded Vertiv to a "strong-buy" rating in a report on Monday, August 11th. UBS Group increased their price objective on Vertiv from $135.00 to $173.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Citigroup lifted their price objective on Vertiv from $130.00 to $149.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Finally, Redburn Atlantic upgraded Vertiv to a "hold" rating in a report on Wednesday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $142.00.

Vertiv Stock Up 5.7%

Shares of VRT stock traded up $8.12 during mid-day trading on Monday, reaching $151.72. 8,499,950 shares of the company's stock traded hands, compared to its average volume of 8,929,588. The company's 50-day moving average price is $133.18 and its 200-day moving average price is $109.66. The company has a market cap of $57.94 billion, a P/E ratio of 72.59, a P/E/G ratio of 1.27 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 Holdings Co. has a 12 month low of $53.60 and a 12 month high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last issued 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 company had revenue of $2.64 billion during the quarter, compared to analysts' expectations of $2.36 billion. Vertiv had a net margin of 8.93% and a return on equity of 51.64%. Vertiv's revenue was up 35.1% on a year-over-year basis. During the same period last year, the company posted $0.67 EPS. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. On average, equities analysts expect 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. This represents a $0.15 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Monday, September 15th. Vertiv's dividend payout ratio (DPR) is 7.18%.

Insider Buying and Selling

In other news, insider Paul Ryan sold 22,218 shares of the firm's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $127.34, for a total transaction of $2,829,240.12. Following the completion of the transaction, the insider directly owned 12,803 shares in the company, valued at $1,630,334.02. This trade represents a 63.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jakki L. Haussler sold 15,680 shares of Vertiv stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $123.92, for a total value of $1,943,065.60. Following the completion of the transaction, the director directly owned 4,631 shares of the company's stock, valued at approximately $573,873.52. This represents a 77.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 180,952 shares of company stock worth $23,360,571 over the last three months. 2.63% of the stock is owned by corporate insiders.

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.