Perigon Wealth Management LLC Has $3.53 Million Position in Vertiv Holdings Co. $VRT

Perigon Wealth Management LLC grew its holdings in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 9.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 27,471 shares of the company's stock after buying an additional 2,282 shares during the quarter. Perigon Wealth Management LLC's holdings in Vertiv were worth $3,528,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. GW&K Investment Management LLC acquired a new stake in Vertiv in the 1st quarter valued at about $26,000. SouthState Corp acquired a new position in shares of Vertiv during the first quarter worth approximately $27,000. North Star Investment Management Corp. grew its stake in shares of Vertiv by 4,120.0% during the first quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock valued at $30,000 after purchasing an additional 412 shares during the last quarter. Sachetta LLC raised its position in Vertiv by 242.0% in the 1st quarter. Sachetta LLC now owns 448 shares of the company's stock worth $32,000 after purchasing an additional 317 shares during the last quarter. Finally, Banque Transatlantique SA acquired a new position in Vertiv during the 1st quarter worth $33,000. 89.92% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Paul Ryan sold 22,218 shares of Vertiv stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $127.34, for a total transaction of $2,829,240.12. Following the transaction, the insider directly owned 12,803 shares of the company's stock, 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 document filed with the SEC, which is available through this hyperlink. Also, Director Jakki L. Haussler sold 15,680 shares of the company's 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 completion of the sale, the director 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. In the last three months, insiders sold 180,952 shares of company stock valued at $23,360,571. 2.63% of the stock is owned by company insiders.

Analysts Set New Price Targets

VRT has been the subject of several research reports. Rothschild Redb raised Vertiv to a "hold" rating in a research note on Wednesday, August 20th. Wall Street Zen upgraded Vertiv from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 21st. JPMorgan Chase & Co. lifted their price objective on Vertiv from $127.00 to $150.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Melius upgraded shares of Vertiv from a "hold" rating to a "buy" rating and set a $165.00 target price on the stock in a research report on Tuesday, July 8th. Finally, Zacks Research raised shares of Vertiv to a "strong-buy" rating in a research note on Monday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $142.25.

Vertiv Trading Down 1.4%

NYSE:VRT opened at $139.68 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. Vertiv Holdings Co. has a 1-year low of $53.60 and a 1-year high of $155.84. The firm has a market capitalization of $53.34 billion, a price-to-earnings ratio of 66.83, a PEG ratio of 1.25 and a beta of 1.78. The business's 50-day moving average price is $134.52 and its two-hundred day moving average price is $111.00.

Vertiv (NYSE:VRT - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.12. The company had revenue of $2.64 billion during the quarter, compared to analyst estimates 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 previous year, the company earned $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 year.

Vertiv Announces Dividend

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