Smith Salley Wealth Management Acquires 1,981 Shares of Vertiv Holdings Co. $VRT

Key Points

• Smith Salley Wealth Management increased its stake in Vertiv Holdings Co. by 10.1%, acquiring an additional 1,981 shares for a total of 21,570 shares valued at approximately $2.77 million.
• Vertiv reported a quarterly EPS of $0.95, exceeding expectations, with a revenue increase of 35.1% year-over-year, amounting to $2.64 billion.
• Insider trading activity revealed significant sales, with one insider selling over $5.5 million worth of shares, indicating potential shifts in ownership dynamics.

Smith Salley Wealth Management raised its holdings in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 10.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,570 shares of the company's stock after acquiring an additional 1,981 shares during the period. Smith Salley Wealth Management's holdings in Vertiv were worth $2,770,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Grandview Asset Management LLC grew its position in Vertiv by 2.8% in the second quarter. Grandview Asset Management LLC now owns 3,536 shares of the company's stock valued at $454,000 after acquiring an additional 96 shares during the last quarter. WD Rutherford LLC bought a new stake in shares of Vertiv during the second quarter worth about $168,000. Worth Financial Advisory Group LLC bought a new stake in shares of Vertiv during the second quarter worth about $318,000. ORG Partners LLC grew its holdings in shares of Vertiv by 36.2% during the second quarter. ORG Partners LLC now owns 1,592 shares of the company's stock worth $195,000 after purchasing an additional 423 shares during the last quarter. Finally, Swisher Financial Concepts Inc. grew its holdings in shares of Vertiv by 12.0% during the second quarter. Swisher Financial Concepts Inc. now owns 3,982 shares of the company's stock worth $511,000 after purchasing an additional 428 shares during the last quarter. Institutional investors own 89.92% of the company's stock.

Vertiv Price Performance

Shares of VRT opened at $138.57 on Monday. 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 business's 50 day moving average price is $134.71 and its two-hundred day moving average price is $111.76. The firm has a market cap of $52.92 billion, a PE ratio of 66.30, a price-to-earnings-growth ratio of 1.22 and a beta of 1.78.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly 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. Vertiv had a return on equity of 51.64% and a net margin of 8.93%.The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period in the previous year, the firm earned $0.67 earnings per share. The company's revenue was up 35.1% compared to the same quarter last year. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. On average, equities analysts anticipate that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

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

Insiders Place Their Bets

In other Vertiv news, insider Karsten Winther sold 41,654 shares of the business'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 value of $5,590,383.34. Following the transaction, the insider directly owned 18,848 shares of the company's stock, valued at approximately $2,529,590.08. The trade was a 68.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven Reinemund sold 100,000 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the director directly owned 133,333 shares in the company, valued at approximately $17,095,957.26. This trade represents a 42.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 180,952 shares of company stock valued at $23,360,571 in the last ninety days. 5.01% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VRT. Glj Research began coverage on Vertiv in a report on Tuesday, August 19th. They set a "sell" rating and a $112.00 price target on the stock. Wall Street Zen upgraded Vertiv from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 21st. Morgan Stanley restated an "overweight" rating on shares of Vertiv in a report on Sunday, August 10th. Bank of America lifted their price objective on Vertiv from $140.00 to $150.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Finally, Royal Bank Of Canada lifted their price objective on Vertiv from $143.00 to $162.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Two research 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 given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $142.25.

Vertiv Company 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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