Vertiv Holdings Co. $VRT Shares Sold by Northern Trust Corp

Key Points

• Northern Trust Corp reduced its stake in Vertiv Holdings Co. by 7.7%, owning approximately 2.51 million shares valued at $180.9 million after selling 207,677 shares in the first quarter.
• Several analysts rated Vertiv as a "Strong Buy" or "Buy," with price targets ranging from $128.00 to $151.00 and a consensus target price of $142.00.
• Vertiv announced a dividend increase to $0.0375 per share, reflecting a 14% yield, up from its previous dividend of $0.01.

Northern Trust Corp reduced its holdings in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 7.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,505,557 shares of the company's stock after selling 207,677 shares during the period. Northern Trust Corp owned about 0.66% of Vertiv worth $180,901,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Ibex Wealth Advisors boosted its holdings in shares of Vertiv by 10.5% in the 1st quarter. Ibex Wealth Advisors now owns 73,739 shares of the company's stock valued at $5,324,000 after acquiring an additional 6,989 shares during the last quarter. Gallo Partners LP purchased a new stake in shares of Vertiv in the 4th quarter valued at $1,826,000. FengHe Fund Management Pte. Ltd. purchased a new stake in shares of Vertiv in the 1st quarter valued at $33,389,000. Viking Fund Management LLC boosted its holdings in shares of Vertiv by 123.5% in the 1st quarter. Viking Fund Management LLC now owns 38,000 shares of the company's stock valued at $2,744,000 after acquiring an additional 21,000 shares during the last quarter. Finally, Outlook Wealth Advisors LLC purchased a new stake in shares of Vertiv in the 1st quarter valued at $475,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Stock Performance

Shares of VRT traded down $0.5830 during trading hours on Friday, hitting $125.9970. The stock had a trading volume of 5,613,599 shares, compared to its average volume of 7,845,569. 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 firm has a 50-day moving average price of $129.89 and a 200 day moving average price of $105.74. The firm has a market capitalization of $48.11 billion, a price-to-earnings ratio of 60.29, a PEG ratio of 1.11 and a beta of 1.77. Vertiv Holdings Co. has a fifty-two week low of $53.60 and a fifty-two week high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates 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 firm's revenue for the quarter was up 35.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.67 earnings per share. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. As a group, research analysts anticipate that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, June 26th. Shareholders of record on Tuesday, June 17th were given a dividend of $0.0375 per share. This is a boost from Vertiv's previous dividend of $0.01. This represents a yield of 14.0%. The ex-dividend date was Monday, June 16th. Vertiv's dividend payout ratio (DPR) is currently 7.18%.

Analyst Ratings Changes

Several research firms have recently commented on VRT. Wolfe Research reaffirmed an "outperform" rating and issued a $155.00 price objective on shares of Vertiv in a report on Thursday, July 10th. Rothschild Redb raised shares of Vertiv to a "hold" rating in a report on Wednesday. Zacks Research upgraded shares of Vertiv to a "strong-buy" rating in a research note on Monday, August 11th. Citigroup boosted their target price on shares of Vertiv from $130.00 to $149.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Finally, Royal Bank Of Canada boosted their target price on shares of Vertiv from $143.00 to $162.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $142.00.

Insiders Place Their Bets

In other Vertiv news, insider Karsten Winther sold 41,654 shares of the company's 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 completion of the transaction, the insider directly owned 18,848 shares in the company, valued at approximately $2,529,590.08. This represents a 68.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Stephen Liang sold 43,683 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $115.83, for a total transaction of $5,059,801.89. Following the transaction, the executive vice president owned 9,551 shares of the company's stock, valued at $1,106,292.33. This represents a 82.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.63% of the company's stock.

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.