Parsons Capital Management Inc. RI Decreases Position in Vertiv Holdings Co. $VRT

Key Points

• Parsons Capital Management Inc. RI has reduced its stake in Vertiv Holdings Co. by 30%, selling 7,720 shares and now holding 18,016 shares worth approximately $2.3 million according to its recent SEC filing.
• Insider trading activity revealed that Paul Ryan and Steven Reinemund sold significant portions of their holdings, with Ryan reducing his position by 63.44% after selling 22,218 shares and Reinemund selling 100,000 shares for a 42.86% decrease.
• Vertiv reported a revenue increase of 35.1% year-over-year for the last quarter, with earnings per share surpassing analyst expectations, indicating strong financial performance amidst a competitive market.

Parsons Capital Management Inc. RI cut its stake in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 30.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,016 shares of the company's stock after selling 7,720 shares during the period. Parsons Capital Management Inc. RI's holdings in Vertiv were worth $2,313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VRT. GW&K Investment Management LLC purchased a new stake in shares of Vertiv in the first quarter worth approximately $26,000. SouthState Corp purchased a new stake in shares of Vertiv in the first quarter worth approximately $27,000. North Star Investment Management Corp. raised its holdings in shares of Vertiv by 4,120.0% in the first quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock worth $30,000 after buying an additional 412 shares during the period. Sachetta LLC raised its holdings in shares of Vertiv by 242.0% in the first quarter. Sachetta LLC now owns 448 shares of the company's stock worth $32,000 after buying an additional 317 shares during the period. Finally, Banque Transatlantique SA purchased a new stake in shares of Vertiv in the first quarter worth approximately $33,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Vertiv news, insider Paul Ryan sold 22,218 shares of the 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 owned 12,803 shares of the company's stock, valued at approximately $1,630,334.02. This trade represents a 63.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven Reinemund sold 100,000 shares of the stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $128.22, for a total value of $12,822,000.00. Following the sale, the director directly owned 133,333 shares in the company, valued at $17,095,957.26. This trade represents a 42.86% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 180,952 shares of company stock worth $23,360,571 over the last quarter. Insiders own 2.63% of the company's stock.

Vertiv Stock Up 0.1%

Shares of NYSE VRT opened at $161.72 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 stock has a market capitalization of $61.75 billion, a PE ratio of 77.38, a price-to-earnings-growth ratio of 1.43 and a beta of 1.84. The stock's fifty day simple moving average is $136.81 and its two-hundred day simple moving average is $113.26. Vertiv Holdings Co. has a 12-month low of $53.60 and a 12-month high of $168.99.

Vertiv (NYSE:VRT - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.95 earnings per share (EPS) 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 analysts' expectations of $2.36 billion. Vertiv had a return on equity of 51.64% and a net margin of 8.93%.The business's revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.67 EPS. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. As a group, analysts expect that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Monday, September 15th were given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Monday, September 15th. Vertiv's dividend payout ratio (DPR) is 7.18%.

Analyst Ratings Changes

VRT has been the topic of several recent analyst reports. Roth Capital reiterated a "buy" rating and issued a $162.00 price target on shares of Vertiv in a report on Thursday, September 25th. Melius upgraded Vertiv from a "hold" rating to a "buy" rating and set a $165.00 price target on the stock in a report on Tuesday, July 8th. Mizuho increased their price target on Vertiv from $125.00 to $150.00 and gave the stock an "outperform" rating in a report on Wednesday, July 16th. Barclays increased their price target on Vertiv from $128.00 to $145.00 and gave the stock an "equal weight" rating in a report on Wednesday. Finally, Oppenheimer increased their price objective on Vertiv from $140.00 to $151.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $144.95.

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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