Jones Financial Companies Lllp Sells 43,773 Shares of Vertiv Holdings Co. $VRT

Key Points

• Jones Financial Companies Lllp reduced its holdings in Vertiv Holdings Co. by 61.3% during Q1, selling 43,773 shares and now owning 27,648 shares valued at approximately $1.996 million.
• Multiple large investors increased their stakes in Vertiv, with Amundi raising theirs by 96.8% and 1832 Asset Management by 985.3% during the same period.
• Vertiv's stock is currently rated as a Moderate Buy by analysts with an average price target of $142.00, following strong quarterly earnings results that exceeded expectations.

Jones Financial Companies Lllp decreased its holdings in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 61.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,648 shares of the company's stock after selling 43,773 shares during the quarter. Jones Financial Companies Lllp's holdings in Vertiv were worth $1,996,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of VRT. Amundi increased its stake in shares of 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 buying an additional 3,420,144 shares during the period. 1832 Asset Management L.P. increased its stake in shares of Vertiv by 985.3% in the first quarter. 1832 Asset Management L.P. now owns 2,301,700 shares of the company's stock valued at $166,183,000 after buying an additional 2,089,612 shares during the period. Vanguard Group Inc. increased its stake in shares of 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 buying an additional 1,359,070 shares during the period. Nuveen LLC acquired a new position in shares of Vertiv in the first quarter valued at approximately $77,820,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Vertiv by 54.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,314,934 shares of the company's stock valued at $263,000,000 after buying an additional 812,389 shares during the period. Institutional investors and hedge funds own 89.92% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on VRT. JPMorgan Chase & Co. upped their price objective on Vertiv from $127.00 to $150.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Roth Capital upped their price objective on Vertiv from $100.00 to $157.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Oppenheimer upped their price objective on Vertiv from $140.00 to $151.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Evercore ISI reiterated an "outperform" rating on shares of Vertiv in a report on Thursday, July 10th. Finally, William Blair assumed coverage on Vertiv in a report on Monday, July 28th. They issued an "outperform" rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $142.00.

Insider Activity at Vertiv

In other news, Director Jakki L. Haussler sold 15,680 shares of the firm'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 transaction of $1,943,065.60. Following the completion of the sale, the director owned 4,631 shares of the company's stock, valued at $573,873.52. This trade represents a 77.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Karsten Winther sold 41,654 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $134.21, for a total transaction of $5,590,383.34. Following the sale, the insider directly owned 18,848 shares of the company's stock, valued at approximately $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 sold 180,952 shares of company stock worth $23,360,571. Corporate insiders own 2.63% of the company's stock.

Vertiv Trading Down 0.6%

VRT stock traded down $0.81 during trading on Friday, hitting $134.90. The company had a trading volume of 4,063,625 shares, compared to its average volume of 6,334,653. The business has a 50-day moving average of $131.73 and a 200-day moving average of $107.73. Vertiv Holdings Co. has a one year low of $53.60 and a one year high of $155.84. The stock has a market cap of $51.51 billion, a PE ratio of 64.55, a PEG ratio of 1.20 and a beta of 1.78. 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 (NYSE:VRT - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.12. The firm had revenue of $2.64 billion for 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 company's revenue for the quarter was up 35.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.67 EPS. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. Research analysts predict that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

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