Price T Rowe Associates Inc. MD Has $68.13 Million Stock Holdings in Vertiv Holdings Co. $VRT

Price T Rowe Associates Inc. MD trimmed its holdings in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 55.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 943,617 shares of the company's stock after selling 1,169,312 shares during the period. Price T Rowe Associates Inc. MD owned about 0.25% of Vertiv worth $68,130,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Ibex Wealth Advisors lifted its stake in shares of Vertiv by 10.5% in the first quarter. Ibex Wealth Advisors now owns 73,739 shares of the company's stock valued at $5,324,000 after buying an additional 6,989 shares in the last quarter. Gallo Partners LP purchased a new stake in shares of Vertiv during the 4th quarter worth approximately $1,826,000. FengHe Fund Management Pte. Ltd. purchased a new stake in shares of Vertiv during the 1st quarter worth approximately $33,389,000. Viking Fund Management LLC increased its stake in shares of Vertiv by 123.5% during the 1st quarter. Viking Fund Management LLC now owns 38,000 shares of the company's stock worth $2,744,000 after purchasing an additional 21,000 shares during the last quarter. Finally, Outlook Wealth Advisors LLC bought a new stake in shares of Vertiv in the first quarter valued at approximately $475,000. 89.92% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Stephen Liang sold 43,683 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $115.83, for a total transaction of $5,059,801.89. Following the sale, the executive vice president owned 9,551 shares of the company's stock, valued at $1,106,292.33. This trade represents a 82.06% decrease in their position. The sale was disclosed in a legal 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 completion of the transaction, the insider directly owned 18,848 shares in the company, valued at approximately $2,529,590.08. The trade was a 68.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 108,955 shares of company stock valued at $13,655,307 in the last 90 days. 5.01% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on VRT shares. Barclays set a $128.00 price target on shares of Vertiv and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Citigroup boosted their price target on shares of Vertiv from $130.00 to $149.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Wall Street Zen raised shares of Vertiv from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 21st. Morgan Stanley restated an "overweight" rating on shares of Vertiv in a report on Sunday, August 10th. Finally, Redburn Atlantic upgraded shares of 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 assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $142.00.

Vertiv Stock Up 2.4%

NYSE:VRT opened at $128.02 on Wednesday. The firm has a market cap of $48.89 billion, a P/E ratio of 61.25, a P/E/G ratio of 1.10 and a beta of 1.77. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.35 and a current ratio of 1.74. Vertiv Holdings Co. has a fifty-two week low of $53.60 and a fifty-two week high of $155.84. The firm has a 50-day simple moving average of $130.28 and a two-hundred day simple moving average of $105.73.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.83 by $0.12. The business had revenue of $2.64 billion during 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%. Vertiv's revenue was up 35.1% compared to the same quarter last year. During the same period last year, the business earned $0.67 EPS. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. Analysts predict that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th were issued a dividend of $0.0375 per share. This represents a dividend yield of 14.0%. The ex-dividend date of this dividend was Monday, June 16th. This is a boost from Vertiv's previous dividend of $0.01. Vertiv's payout ratio 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.

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