Reliant Investment Partners LLC Has $200,000 Stake in Vertiv Holdings Co. $VRT

Key Points

• Reliant Investment Partners LLC sold 3,153 shares of Vertiv Holdings Co., reducing its holdings by 53.2% to a total of 2,775 shares worth $200,000.
• Analysts have recently issued positive ratings for Vertiv, with price targets raised to as high as $162.00 and a consensus rating of "Moderate Buy".
• Vertiv reported strong earnings, achieving an EPS of $0.95 and revenue of $2.64 billion, surpassing both estimates and reflecting a 35.1% increase compared to the previous year.

Reliant Investment Partners LLC trimmed its holdings in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 53.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,775 shares of the company's stock after selling 3,153 shares during the period. Reliant Investment Partners LLC's holdings in Vertiv were worth $200,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Focus Partners Wealth increased its stake in Vertiv by 428.1% during the 4th quarter. Focus Partners Wealth now owns 27,620 shares of the company's stock worth $3,472,000 after acquiring an additional 22,390 shares during the period. Lazard Asset Management LLC increased its stake in Vertiv by 129.4% during the 4th quarter. Lazard Asset Management LLC now owns 71,126 shares of the company's stock worth $8,080,000 after acquiring an additional 40,120 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Vertiv by 41.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,905 shares of the company's stock worth $4,874,000 after acquiring an additional 12,610 shares during the period. Morse Asset Management Inc increased its stake in Vertiv by 110.3% during the 4th quarter. Morse Asset Management Inc now owns 23,373 shares of the company's stock worth $2,655,000 after acquiring an additional 12,258 shares during the period. Finally, Occudo Quantitative Strategies LP bought a new position in Vertiv during the 4th quarter worth $381,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. raised their target price on Vertiv from $127.00 to $150.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Bank of America raised their target price on Vertiv from $140.00 to $150.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Rothschild & Co Redburn assumed coverage on Vertiv in a report on Wednesday, August 20th. They issued a "neutral" rating and a $135.00 target price on the stock. Citigroup raised their target price on Vertiv from $130.00 to $149.00 and gave the company a "buy" rating in a report on Monday, July 14th. Finally, Wolfe Research reissued an "outperform" rating and set a $155.00 price objective on shares of Vertiv in a report on Thursday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $142.00.

Vertiv Trading Down 0.6%

Shares of VRT stock traded down $0.81 during mid-day trading on Friday, hitting $134.90. The company's stock had a trading volume of 4,063,625 shares, compared to its average volume of 6,334,653. The company's fifty day simple moving average is $131.73 and its 200-day simple moving average is $107.66. Vertiv Holdings Co. has a 52 week low of $53.60 and a 52 week high of $155.84. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.35 and a current ratio of 1.74. The company has a market cap of $51.51 billion, a PE ratio of 64.55, a P/E/G ratio of 1.20 and a beta of 1.78.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.12. Vertiv had a return on equity of 51.64% and a net margin of 8.93%.The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period last year, the company posted $0.67 EPS. The business's quarterly revenue was up 35.1% on a year-over-year basis. 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 announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Monday, September 15th will be given a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Monday, September 15th. Vertiv's payout ratio is presently 7.18%.

Insider Transactions at Vertiv

In related news, insider Karsten Winther sold 41,654 shares of the business's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $134.21, for a total value of $5,590,383.34. Following the completion of the sale, the insider directly owned 18,848 shares of the company's stock, valued at $2,529,590.08. The trade was a 68.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jakki L. Haussler sold 15,680 shares of the business's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $123.92, for a total value of $1,943,065.60. Following the completion of the sale, the director directly owned 4,631 shares of the company's stock, valued at $573,873.52. The trade was a 77.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 180,952 shares of company stock valued at $23,360,571. 2.63% of the stock is currently owned by corporate insiders.

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.