Truist Financial Corp Cuts Stake in Vertiv Holdings Co. $VRT

Key Points

• Truist Financial Corp has reduced its stake in Vertiv Holdings Co. by 20%, selling 14,583 shares and now owns 58,192 shares, valued at approximately $7.47 million.
• Several institutional investors significantly increased their holdings in Vertiv during the second quarter, with DiNuzzo Private Wealth Inc. growing its stake by 780%.
• Analysts have raised price targets for Vertiv, with a consensus rating of "Moderate Buy" and a price target averaging around $144.95, indicating positive sentiment on the stock's performance.

Truist Financial Corp reduced its stake in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 20.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 58,192 shares of the company's stock after selling 14,583 shares during the period. Truist Financial Corp's holdings in Vertiv were worth $7,472,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. DiNuzzo Private Wealth Inc. grew its stake in shares of Vertiv by 780.0% in the second quarter. DiNuzzo Private Wealth Inc. now owns 264 shares of the company's stock worth $34,000 after acquiring an additional 234 shares during the last quarter. Garde Capital Inc. grew its stake in shares of Vertiv by 1,886.7% in the second quarter. Garde Capital Inc. now owns 298 shares of the company's stock worth $38,000 after acquiring an additional 283 shares during the last quarter. GW&K Investment Management LLC purchased a new stake in shares of Vertiv in the first quarter worth $26,000. SouthState Corp purchased a new stake in shares of Vertiv in the first quarter worth $27,000. Finally, North Star Investment Management Corp. grew its stake in shares of Vertiv by 4,120.0% in the first quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock worth $30,000 after acquiring an additional 412 shares during the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on VRT shares. Mizuho upped their price target on Vertiv from $125.00 to $150.00 and gave the company an "outperform" rating in a report on Wednesday, July 16th. Royal Bank Of Canada upped their price target on Vertiv from $143.00 to $162.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Wall Street Zen raised Vertiv from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 21st. Oppenheimer upped their price target on Vertiv from $140.00 to $151.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Finally, Wolfe Research reaffirmed an "outperform" rating and set a $155.00 price target on shares of Vertiv in a report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Vertiv presently has a consensus rating of "Moderate Buy" and a consensus price target of $144.95.

Insider Buying and Selling

In other news, Director Jakki L. Haussler sold 15,680 shares of the firm's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $123.92, for a total value of $1,943,065.60. Following the transaction, the director owned 4,631 shares of the company's stock, valued at $573,873.52. This trade represents a 77.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul Ryan sold 22,218 shares of the firm's stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $127.34, for a total value of $2,829,240.12. Following the completion of the transaction, the insider directly owned 12,803 shares in the company, valued at $1,630,334.02. This trade represents a 63.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold 180,952 shares of company stock worth $23,360,571 over the last ninety days. 5.01% of the stock is owned by corporate insiders.

Vertiv Stock Down 0.7%

VRT stock opened at $160.45 on Monday. Vertiv Holdings Co. has a fifty-two week low of $53.60 and a fifty-two week high of $168.99. The business's 50-day moving average is $137.27 and its two-hundred day moving average is $114.13. 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 $61.27 billion, a price-to-earnings ratio of 76.77, a P/E/G ratio of 1.41 and a beta of 1.84.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.95 EPS 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 for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter last year, the company earned $0.67 earnings per share. The business's revenue for the quarter was up 35.1% compared to the same quarter last year. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. As a group, analysts forecast that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders 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 dividend 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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