Hartline Investment Corp Trims Position in Vertiv Holdings Co. $VRT

Key Points

• Hartline Investment Corp reduced its stake in Vertiv Holdings Co. by 25.8% in Q2, now holding 192,140 shares valued at approximately $24.67 million.
• Institutional investors now own 89.92% of Vertiv's stock, with several firms increasing their positions significantly in the first quarter of the year.
• Vertiv reported a quarterly earnings per share of $0.95, outperforming analyst expectations and reflecting a 35.1% year-over-year revenue increase.

Hartline Investment Corp trimmed its holdings in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 25.8% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 192,140 shares of the company's stock after selling 66,641 shares during the period. Vertiv accounts for approximately 2.8% of Hartline Investment Corp's portfolio, making the stock its 11th largest position. Hartline Investment Corp owned about 0.05% of Vertiv worth $24,673,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. FengHe Fund Management Pte. Ltd. purchased a new position in Vertiv during the first quarter worth about $33,389,000. Fox Run Management L.L.C. raised its holdings in Vertiv by 449.9% during the first quarter. Fox Run Management L.L.C. now owns 21,545 shares of the company's stock worth $1,556,000 after purchasing an additional 17,627 shares in the last quarter. Trilogy Capital Inc. purchased a new position in Vertiv during the second quarter worth about $2,790,000. Maxi Investments CY Ltd raised its holdings in Vertiv by 160.3% during the first quarter. Maxi Investments CY Ltd now owns 26,025 shares of the company's stock worth $1,879,000 after purchasing an additional 16,025 shares in the last quarter. Finally, Balboa Wealth Partners raised its holdings in Vertiv by 68.9% during the first quarter. Balboa Wealth Partners now owns 29,408 shares of the company's stock worth $2,123,000 after purchasing an additional 12,001 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Jakki L. Haussler sold 15,680 shares of Vertiv stock in a transaction 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 owned 4,631 shares of the company's stock, valued at $573,873.52. The trade was a 77.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Paul Ryan sold 22,218 shares of Vertiv 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 sale, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 180,952 shares of company stock worth $23,360,571. Corporate insiders own 2.63% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Melius raised shares of Vertiv from a "hold" rating to a "buy" rating and set a $165.00 price target for the company in a report on Tuesday, July 8th. Rothschild & Co Redburn began coverage on shares of Vertiv in a report on Wednesday, August 20th. They issued a "neutral" rating and a $135.00 target price for the company. The Goldman Sachs Group set a $159.00 target price on shares of Vertiv in a report on Monday, September 29th. Zacks Research lowered shares of Vertiv from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 2nd. Finally, JPMorgan Chase & Co. boosted their price target on Vertiv from $150.00 to $206.00 and gave the company an "overweight" rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $160.30.

Vertiv Stock Performance

NYSE:VRT opened at $174.11 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $66.49 billion, a price-to-earnings ratio of 83.31, a PEG ratio of 1.53 and a beta of 1.84. The firm's fifty day simple moving average is $143.22 and its 200 day simple moving average is $119.86. Vertiv Holdings Co. has a twelve month low of $53.60 and a twelve month high of $184.44.

Vertiv (NYSE:VRT - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.12. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.36 billion. Vertiv had a net margin of 8.93% and a return on equity of 51.64%. The business's quarterly revenue was up 35.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.67 EPS. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. As a group, equities research analysts expect that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.15 annualized dividend and a yield of 0.1%. Vertiv's payout ratio is 7.18%.

About Vertiv

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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