Belpointe Asset Management LLC lifted its stake in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 59.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,230 shares of the company's stock after purchasing an additional 3,834 shares during the period. Belpointe Asset Management LLC's holdings in Vertiv were worth $1,314,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Amundi lifted its holdings in Vertiv by 96.8% in the first quarter. Amundi now owns 6,951,773 shares of the company's stock valued at $469,490,000 after acquiring an additional 3,420,144 shares during the last quarter. 1832 Asset Management L.P. lifted its holdings in Vertiv by 985.3% in the first quarter. 1832 Asset Management L.P. now owns 2,301,700 shares of the company's stock valued at $166,183,000 after acquiring an additional 2,089,612 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Vertiv by 3.7% in the first quarter. Vanguard Group Inc. now owns 37,715,159 shares of the company's stock valued at $2,723,034,000 after acquiring an additional 1,359,070 shares during the last quarter. Nuveen LLC acquired a new position in Vertiv in the first quarter valued at approximately $77,820,000. Finally, Fred Alger Management LLC lifted its holdings in Vertiv by 19.6% in the first quarter. Fred Alger Management LLC now owns 3,496,060 shares of the company's stock valued at $252,416,000 after acquiring an additional 572,545 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.
Vertiv Stock Performance
NYSE:VRT opened at $159.10 on Wednesday. The firm has a market capitalization of $60.76 billion, a PE ratio of 76.13, a price-to-earnings-growth ratio of 1.43 and a beta of 1.84. The business's fifty day moving average price is $137.99 and its 200 day moving average price is $114.95. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.74 and a quick ratio of 1.35. Vertiv Holdings Co. has a 12 month low of $53.60 and a 12 month high of $169.83.
Vertiv (NYSE:VRT - Get Free Report) last released 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. Vertiv had a net margin of 8.93% and a return on equity of 51.64%. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the prior year, the firm posted $0.67 earnings per share. Vertiv's revenue for the quarter was up 35.1% on a year-over-year basis. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. On average, sell-side analysts anticipate that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.
Vertiv Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Monday, September 15th were paid 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 dividend payout ratio is 7.18%.
Analyst Ratings Changes
VRT has been the topic of a number of research reports. Oppenheimer upped their price target on Vertiv from $140.00 to $151.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Mizuho upped their price target on Vertiv from $125.00 to $150.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 16th. Wolfe Research restated an "outperform" rating and set a $155.00 price target on shares of Vertiv in a research note on Thursday, July 10th. Rothschild Redb upgraded Vertiv to a "hold" rating in a research note on Wednesday, August 20th. Finally, Wall Street Zen upgraded Vertiv from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 21st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Vertiv has a consensus rating of "Moderate Buy" and a consensus price target of $147.58.
Check Out Our Latest Analysis on Vertiv
Insider Buying and Selling at Vertiv
In other news, Director Jakki L. Haussler sold 15,680 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $123.92, for a total transaction of $1,943,065.60. Following the completion of the sale, the director owned 4,631 shares in the company, valued at approximately $573,873.52. This represents a 77.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul Ryan sold 22,218 shares of the stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $127.34, for a total transaction of $2,829,240.12. Following the sale, the insider owned 12,803 shares of the company's stock, 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 have sold a total of 180,952 shares of company stock worth $23,360,571 over the last three months. 5.01% of the stock is currently owned by corporate insiders.
Vertiv Company Profile
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Free Report)
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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