Vertiv Holdings Co. $VRT is Smithbridge Asset Management Inc. DE's 6th Largest Position

Key Points

• Smithbridge Asset Management Inc. DE has reduced its stake in Vertiv Holdings Co. by 6.2%, making it the firm’s 6th largest position, valued at approximately $15.98 million.
• Insider selling has been notable, with Karsten Winther selling over 41,000 shares, representing a 68.85% decrease in his position, amid significant trades from other directors as well.
• Vertiv recently announced a quarterly dividend of $0.0375 per share, with a low payout ratio of 7.18%, signaling potential for future dividend growth.

Smithbridge Asset Management Inc. DE trimmed its holdings in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 6.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,430 shares of the company's stock after selling 8,174 shares during the period. Vertiv comprises approximately 2.8% of Smithbridge Asset Management Inc. DE's holdings, making the stock its 6th biggest holding. Smithbridge Asset Management Inc. DE's holdings in Vertiv were worth $15,978,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Vertiv by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 37,715,159 shares of the company's stock worth $2,723,034,000 after purchasing an additional 1,359,070 shares in the last quarter. Amundi increased its stake in shares of Vertiv by 96.8% during the 1st quarter. Amundi now owns 6,951,773 shares of the company's stock worth $469,490,000 after purchasing an additional 3,420,144 shares in the last quarter. Fred Alger Management LLC increased its stake in shares of Vertiv by 19.6% during the 1st quarter. Fred Alger Management LLC now owns 3,496,060 shares of the company's stock worth $252,416,000 after purchasing an additional 572,545 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Vertiv by 100.1% during the 2nd quarter. Nordea Investment Management AB now owns 3,246,769 shares of the company's stock worth $415,132,000 after purchasing an additional 1,624,456 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Vertiv by 6.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,839,864 shares of the company's stock worth $205,085,000 after acquiring an additional 182,937 shares during the period. 89.92% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Vertiv

In related news, insider Karsten Winther sold 41,654 shares of Vertiv stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $134.21, for a total transaction of $5,590,383.34. Following the transaction, the insider 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jakki L. Haussler sold 15,680 shares of the business's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $123.92, for a total transaction of $1,943,065.60. Following the completion of the transaction, the director owned 4,631 shares in the company, valued at $573,873.52. This represents a 77.20% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 180,952 shares of company stock worth $23,360,571. Insiders own 2.63% of the company's stock.

Vertiv Stock Down 1.5%

Shares of NYSE VRT opened at $177.75 on Friday. Vertiv Holdings Co. has a 52-week low of $53.60 and a 52-week high of $184.44. The firm has a fifty day moving average of $142.54 and a 200-day moving average of $119.18. The stock has a market capitalization of $67.88 billion, a PE ratio of 85.05, a P/E/G ratio of 1.55 and a beta of 1.84. The company has a quick ratio of 1.35, a current ratio of 1.74 and a debt-to-equity ratio of 0.93.

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

Vertiv Dividend Announcement

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

Analyst Ratings Changes

Several research firms have commented on VRT. The Goldman Sachs Group set a $159.00 target price on shares of Vertiv in a research note on Monday, September 29th. Bank of America lifted their target price on shares of Vertiv from $140.00 to $150.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Melius raised shares of Vertiv from a "hold" rating to a "buy" rating and set a $165.00 target price for the company in a research note on Tuesday, July 8th. Wolfe Research reaffirmed an "outperform" rating and issued a $155.00 target price on shares of Vertiv in a research note on Thursday, July 10th. Finally, Royal Bank Of Canada lifted their target price on shares of Vertiv from $143.00 to $162.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Vertiv has an average rating of "Moderate Buy" and an average target price of $157.90.

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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