Vertiv Holdings Co. $VRT Shares Sold by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP reduced its position in Vertiv Holdings Co. by 26.8%, selling 1,314,412 shares, leaving them with approximately 3.59 million shares valued at $259.3 million.
• Vertiv reported a strong quarterly earnings performance with $2.64 billion in revenue, exceeding expectations, and an EPS of $0.95, up from $0.67 a year earlier.
• The company recently declared a dividend of $0.0375 per share, marking a significant increase from its previous dividend of $0.01, which corresponds to a 14.0% yield.

Wellington Management Group LLP reduced its position in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 26.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,591,395 shares of the company's stock after selling 1,314,412 shares during the period. Wellington Management Group LLP owned approximately 0.94% of Vertiv worth $259,299,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of VRT. GW&K Investment Management LLC acquired a new position in Vertiv during the first quarter worth about $26,000. SouthState Corp acquired a new stake in shares of Vertiv during the first quarter worth $27,000. North Star Investment Management Corp. raised its position in shares of Vertiv by 4,120.0% during the first quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock worth $30,000 after purchasing an additional 412 shares during the period. Sachetta LLC raised its position in shares of Vertiv by 242.0% during the first quarter. Sachetta LLC now owns 448 shares of the company's stock worth $32,000 after purchasing an additional 317 shares during the period. Finally, Colonial Trust Co SC raised its position in shares of Vertiv by 211.9% during the fourth quarter. Colonial Trust Co SC now owns 315 shares of the company's stock worth $36,000 after purchasing an additional 214 shares during the period. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Trading Down 5.0%

Vertiv stock opened at $128.94 on Wednesday. The company's fifty day simple moving average is $129.00 and its 200-day simple moving average is $105.39. The company has a quick ratio of 1.35, a current ratio of 1.74 and a debt-to-equity ratio of 0.93. Vertiv Holdings Co. has a 12 month low of $53.60 and a 12 month high of $155.84. The stock has a market cap of $49.24 billion, a P/E ratio of 61.69, a P/E/G ratio of 1.20 and a beta of 1.77.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.95 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 business had revenue of $2.64 billion for the quarter, compared to analysts' expectations of $2.36 billion. During the same period in the previous year, the company posted $0.67 EPS. Vertiv's revenue 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, sell-side analysts forecast that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th were issued a dividend of $0.0375 per share. The ex-dividend date was Monday, June 16th. This represents a dividend yield of 14.0%. This is an increase from Vertiv's previous dividend of $0.01. Vertiv's dividend payout ratio is presently 7.18%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Royal Bank Of Canada boosted their target price on Vertiv from $143.00 to $162.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Wolfe Research reaffirmed an "outperform" rating and set a $155.00 target price on shares of Vertiv in a research report on Thursday, July 10th. Melius raised Vertiv from a "hold" rating to a "buy" rating and set a $165.00 target price on the stock in a research report on Tuesday, July 8th. Glj Research assumed coverage on Vertiv in a research report on Tuesday. They set a "sell" rating and a $112.00 target price on the stock. Finally, Wall Street Zen raised Vertiv from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 21st. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $142.37.

Insider Activity at Vertiv

In other Vertiv news, insider Karsten Winther sold 41,654 shares of the business's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $134.21, for a total value of $5,590,383.34. Following the completion of the sale, the insider directly owned 18,848 shares of the company's stock, valued at $2,529,590.08. The trade was a 68.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Stephen Liang sold 43,683 shares of the business's stock in a transaction that occurred 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 completion of the sale, the executive vice president directly 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. Insiders own 5.01% of the company's stock.

About Vertiv

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.