Vertiv Holdings Co. $VRT Holdings Decreased by Viking Fund Management LLC

Key Points

• Viking Fund Management LLC reduced its holdings in Vertiv Holdings Co. by 7.9%, now owning 35,000 shares valued at approximately $4.5 million after selling 3,000 shares in the second quarter.
• Vertiv reported earnings of $0.95 earnings per share (EPS), surpassing estimates and experiencing a 35.1% year-over-year revenue increase of $2.64 billion for the latest quarter.
• Analysts have mixed ratings on Vertiv, with a consensus rating of "Moderate Buy" and price targets ranging from $112.00 to $173.00 following various upgrades by firms like UBS and Bank of America.

Viking Fund Management LLC cut its stake in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 7.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 35,000 shares of the company's stock after selling 3,000 shares during the period. Viking Fund Management LLC's holdings in Vertiv were worth $4,494,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Diversified Trust Co lifted its position in Vertiv by 3.2% during the second quarter. Diversified Trust Co now owns 5,370 shares of the company's stock valued at $690,000 after purchasing an additional 167 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Vertiv by 6,831.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 200,812 shares of the company's stock worth $25,786,000 after purchasing an additional 197,915 shares during the period. Perpetual Ltd raised its holdings in Vertiv by 23.2% in the second quarter. Perpetual Ltd now owns 261,466 shares of the company's stock worth $33,575,000 after purchasing an additional 49,160 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in Vertiv during the 2nd quarter valued at about $6,207,000. Finally, IFM Investors Pty Ltd lifted its stake in shares of Vertiv by 1.7% during the second quarter. IFM Investors Pty Ltd now owns 71,194 shares of the company's stock worth $9,142,000 after buying an additional 1,162 shares during the period. Hedge funds and other institutional investors own 89.92% of the company's stock.

Insiders Place Their Bets

In other Vertiv news, insider Paul Ryan sold 22,218 shares of the firm'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 sale, the insider directly owned 12,803 shares of the company's stock, valued at approximately $1,630,334.02. This trade represents a 63.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven Reinemund sold 100,000 shares of the business's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $128.22, for a total transaction of $12,822,000.00. Following the sale, the director directly owned 133,333 shares of the company's stock, valued at $17,095,957.26. This represents a 42.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 180,952 shares of company stock valued at $23,360,571. 2.63% of the stock is owned by corporate insiders.

Vertiv Stock Up 1.4%

NYSE:VRT traded up $2.03 during midday trading on Friday, hitting $143.99. 6,677,486 shares of the company were exchanged, compared to its average volume of 6,273,855. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 0.93. Vertiv Holdings Co. has a fifty-two week low of $53.60 and a fifty-two week high of $155.84. The company has a fifty day simple moving average of $133.18 and a 200 day simple moving average of $109.47. The company has a market capitalization of $54.99 billion, a PE ratio of 68.90, a price-to-earnings-growth ratio of 1.27 and a beta of 1.78.

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. Vertiv had a return on equity of 51.64% and a net margin of 8.93%.The company had revenue of $2.64 billion during the quarter, compared to analysts' expectations of $2.36 billion. During the same period last year, the firm earned $0.67 EPS. The firm'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. As a group, equities analysts anticipate that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Monday, September 15th will be given a dividend of $0.0375 per share. The ex-dividend date is Monday, September 15th. This represents a $0.15 dividend on an annualized basis and a yield of 0.1%. Vertiv's dividend payout ratio (DPR) is 7.18%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on VRT shares. Wolfe Research reissued an "outperform" rating and issued a $155.00 price target on shares of Vertiv in a report on Thursday, July 10th. Bank of America raised their price objective on shares of Vertiv from $140.00 to $150.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Roth Capital boosted their price objective on shares of Vertiv from $100.00 to $157.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. Morgan Stanley reissued an "overweight" rating on shares of Vertiv in a research note on Sunday, August 10th. Finally, Melius upgraded Vertiv from a "hold" rating to a "buy" rating and set a $165.00 target price for the company in a report on Tuesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $142.00.

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.