Vertiv Holdings Co. $VRT Shares Sold by New Wave Wealth Advisors LLC

Key Points

• New Wave Wealth Advisors cut its Vertiv stake by 71.4% in the third quarter, selling 6,037 shares and retaining 2,421 shares valued at approximately $574,000. Institutional investors collectively own 89.92% of Vertiv.
• Director Edward Monser sold 15,287 shares for about $3.88 million under a pre-arranged Rule 10b5-1 trading plan, reducing his ownership by 48.09%. Corporate insiders own 1.10% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $335.67. Vertiv recently reported quarterly EPS of $1.52, beating estimates, while revenue rose 24.1% year over year to $3.27 billion.

New Wave Wealth Advisors LLC lessened its stake in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 71.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,421 shares of the company's stock after selling 6,037 shares during the quarter. New Wave Wealth Advisors LLC's holdings in Vertiv were worth $574,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VRT. Sankala Group LLC acquired a new position in shares of Vertiv during the fourth quarter worth approximately $27,000. MidFirst Bank acquired a new stake in shares of Vertiv in the fourth quarter valued at approximately $31,000. Sachetta LLC increased its holdings in shares of Vertiv by 41.4% in the first quarter. Sachetta LLC now owns 123 shares of the company's stock valued at $31,000 after purchasing an additional 36 shares in the last quarter. Cornerstone Planning Group LLC raised its position in Vertiv by 60.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 130 shares of the company's stock worth $33,000 after purchasing an additional 49 shares during the last quarter. Finally, Burkett Financial Services LLC bought a new position in Vertiv in the 3rd quarter worth approximately $35,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Insider Transactions at Vertiv

In related news, Director Edward Monser sold 15,287 shares of the business's stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $253.82, for a total transaction of $3,880,146.34. Following the completion of the transaction, the director owned 16,500 shares in the company, valued at approximately $4,188,030. The trade was a 48.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on VRT. The Goldman Sachs Group decreased their price objective on Vertiv from $352.00 to $301.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft lowered their target price on Vertiv from $331.00 to $323.00 and set a "buy" rating for the company in a research note on Wednesday, September 30th. Sanford C. Bernstein restated an "outperform" rating on shares of Vertiv in a research report on Monday, September 28th. Piper Sandler set a $375.00 price target on Vertiv in a research note on Wednesday, July 29th. Finally, Morgan Stanley set a $330.00 price target on Vertiv in a research note on Friday. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $335.67.

Vertiv Trading Up 0.3%

Shares of VRT stock traded up $0.53 during trading hours on Monday, reaching $206.95. The company had a trading volume of 2,677,306 shares, compared to its average volume of 6,357,971. Vertiv Holdings Co. has a 1-year low of $147.82 and a 1-year high of $379.93. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.38 and a quick ratio of 1.03. The firm has a market cap of $79.67 billion, a price-to-earnings ratio of 46.82, a P/E/G ratio of 0.77 and a beta of 2.05. The company has a 50 day moving average of $255.71 and a 200 day moving average of $289.13.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $1.52 EPS for the quarter, topping analysts' consensus estimates of $1.43 by $0.09. The business had revenue of $3.27 billion during the quarter, compared to analysts' expectations of $3.38 billion. Vertiv had a return on equity of 50.47% and a net margin of 15.09%. The firm's quarterly revenue was up 24.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.95 earnings per share. Vertiv has set its Q3 2026 guidance at 1.770-1.830 EPS and its FY 2026 guidance at 6.650-6.750 EPS. On average, equities research analysts anticipate that Vertiv Holdings Co. will post 6.73 EPS for the current year.

Vertiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Monday, September 14th were paid a dividend of $0.0625 per share. The ex-dividend date of this dividend was Monday, September 14th. This represents a $0.25 annualized dividend and a yield of 0.1%. Vertiv's dividend payout ratio (DPR) is presently 5.66%.

Vertiv Profile

Vertiv Holdings Co NYSE: VRT designs, manufactures and services critical digital infrastructure that supports data centers, communication networks and other facilities requiring reliable power and environmental control. Its solutions are used by cloud and colocation providers, telecommunications companies, enterprises, industrial organizations and edge-computing operators.

The company's offerings include uninterruptible power supplies, power distribution and management systems, thermal-management and cooling equipment, integrated racks and enclosures, modular infrastructure, and monitoring and control software.

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