ShoreHaven Wealth Partners LLC Takes $2.83 Million Position in Vertiv Holdings Co. $VRT

Key Points

• ShoreHaven Wealth Partners LLC acquired a new position in Vertiv Holdings Co., purchasing approximately 22,058 shares valued at $2.83 million, making it the firm's 25th largest holding.
• Vertiv reported a significant 35.1% year-over-year increase in revenue, with quarterly earnings of $0.95 per share, surpassing estimates of $0.83.
• The company recently announced a quarterly dividend of $0.0375 per share, resulting in an annualized dividend yield of 0.1%.

ShoreHaven Wealth Partners LLC purchased a new stake in Vertiv Holdings Co. (NYSE:VRT - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 22,058 shares of the company's stock, valued at approximately $2,832,000. Vertiv comprises about 1.2% of ShoreHaven Wealth Partners LLC's portfolio, making the stock its 25th largest holding.

Other large investors also recently added to or reduced their stakes in the company. DiNuzzo Private Wealth Inc. raised its position in Vertiv by 780.0% during the second quarter. DiNuzzo Private Wealth Inc. now owns 264 shares of the company's stock valued at $34,000 after purchasing an additional 234 shares during the period. Garde Capital Inc. increased its position in shares of Vertiv by 1,886.7% during the 2nd quarter. Garde Capital Inc. now owns 298 shares of the company's stock valued at $38,000 after purchasing an additional 283 shares during the last quarter. GW&K Investment Management LLC purchased a new stake in Vertiv during the 1st quarter valued at $26,000. SouthState Corp bought a new stake in Vertiv in the first quarter worth $27,000. Finally, Sachetta LLC lifted its position in 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 last quarter. 89.92% of the stock is owned by institutional investors.

Vertiv Price Performance

Vertiv stock opened at $174.11 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.74 and a quick ratio of 1.35. The stock has a market cap of $66.49 billion, a price-to-earnings ratio of 83.31, a price-to-earnings-growth ratio of 1.53 and a beta of 1.84. The firm has a 50-day moving average of $143.22 and a two-hundred day moving average of $119.86. Vertiv Holdings Co. has a 1 year low of $53.60 and a 1 year high of $184.44.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.12. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.36 billion. Vertiv had a net margin of 8.93% and a return on equity of 51.64%. The company's revenue was up 35.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.67 earnings per share. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. On average, research analysts forecast that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

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. This represents a $0.15 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Monday, September 15th. Vertiv's dividend payout ratio is currently 7.18%.

Insider Transactions at Vertiv

In related news, Director Jakki L. Haussler sold 15,680 shares of the company'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. This represents a 77.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven Reinemund sold 100,000 shares of the firm's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $128.22, for a total transaction of $12,822,000.00. Following the transaction, 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. 2.63% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on VRT. Redburn Atlantic upgraded shares of Vertiv to a "hold" rating in a research report on Wednesday, August 20th. Glj Research started coverage on shares of Vertiv in a research note on Tuesday, August 19th. They set a "sell" rating and a $112.00 price target for the company. The Goldman Sachs Group set a $159.00 price objective on shares of Vertiv in a research report on Monday, September 29th. Rothschild & Co Redburn started coverage on Vertiv in a research report on Wednesday, August 20th. They set a "neutral" rating and a $135.00 target price for the company. Finally, Barclays upped their target price on Vertiv from $128.00 to $145.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $160.30.

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.

Want to see what other hedge funds are holding VRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vertiv Holdings Co. (NYSE:VRT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.