Vertiv Holdings Co. $VRT Shares Sold by Praxis Investment Management Inc.

Key Points

• Praxis Investment Management Inc. reduced its holdings in Vertiv Holdings Co. by 57.1% in the second quarter, now owning 5,200 shares valued at approximately $668,000.
• Equities research analysts have set new price targets for Vertiv, with estimates ranging up to $216.00 following various upgrades, indicating strong investor confidence.
• Insiders, including Director Jakki L. Haussler, sold significant amounts of stock, collectively disposing of 180,952 shares valued at over $23 million in the last 90 days.

Praxis Investment Management Inc. lessened its holdings in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 57.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,200 shares of the company's stock after selling 6,930 shares during the period. Praxis Investment Management Inc.'s holdings in Vertiv were worth $668,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Presidio Capital Management LLC raised its holdings in shares of Vertiv by 1.3% in the 2nd quarter. Presidio Capital Management LLC now owns 6,010 shares of the company's stock valued at $772,000 after buying an additional 80 shares during the period. Grandview Asset Management LLC raised its holdings in shares of Vertiv by 2.8% in the 2nd quarter. Grandview Asset Management LLC now owns 3,536 shares of the company's stock valued at $454,000 after buying an additional 96 shares during the period. Ameriflex Group Inc. raised its holdings in shares of Vertiv by 14.9% in the 2nd quarter. Ameriflex Group Inc. now owns 770 shares of the company's stock valued at $95,000 after buying an additional 100 shares during the period. Cigna Investments Inc. New raised its holdings in shares of Vertiv by 3.5% in the 2nd quarter. Cigna Investments Inc. New now owns 3,755 shares of the company's stock valued at $482,000 after buying an additional 127 shares during the period. Finally, Commerce Bank raised its holdings in shares of Vertiv by 0.7% in the 1st quarter. Commerce Bank now owns 20,739 shares of the company's stock valued at $1,497,000 after buying an additional 134 shares during the period. Hedge funds and other institutional investors own 89.92% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Bank of America boosted their price objective on Vertiv from $140.00 to $150.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Melius Research upgraded Vertiv from a "hold" rating to a "strong-buy" rating and boosted their price objective for the company from $134.00 to $165.00 in a report on Tuesday, July 8th. The Goldman Sachs Group set a $159.00 price target on Vertiv in a report on Monday, September 29th. Barclays upped their price target on Vertiv from $128.00 to $145.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 1st. Finally, Deutsche Bank Aktiengesellschaft set a $216.00 price target on Vertiv and gave the stock a "buy" rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Vertiv currently has an average rating of "Moderate Buy" and a consensus target price of $160.30.

Insiders Place Their Bets

In other news, Director Jakki L. Haussler sold 15,680 shares of the company's stock in a transaction dated 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 directly owned 4,631 shares of the company's stock, valued at approximately $573,873.52. This represents a 77.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Paul Ryan sold 22,218 shares of the company'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 transaction, the insider directly owned 12,803 shares of the company's stock, valued at approximately $1,630,334.02. This represents a 63.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 180,952 shares of company stock valued at $23,360,571. 2.63% of the stock is owned by insiders.

Vertiv Trading Down 2.1%

NYSE:VRT opened at $174.11 on Friday. The stock has a 50-day simple moving average of $143.22 and a 200-day simple moving average of $119.86. The stock has a market cap of $66.49 billion, a P/E ratio of 83.31, a P/E/G ratio of 1.53 and a beta of 1.84. Vertiv Holdings Co. has a 1 year low of $53.60 and a 1 year high of $184.44. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.35 and a current ratio of 1.74.

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, topping the consensus estimate of $0.83 by $0.12. The business had revenue of $2.64 billion during the quarter, compared to analysts' expectations of $2.36 billion. Vertiv had a return on equity of 51.64% and a net margin of 8.93%.The business's quarterly revenue was up 35.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.67 EPS. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. As a group, 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 disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Monday, September 15th were given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, September 15th. Vertiv's dividend payout ratio is currently 7.18%.

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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