Vertiv Holdings Co. $VRT Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management decreased its holdings in shares of Vertiv Holdings Co. (NYSE:VRT) by 49.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,535 shares of the company’s stock after selling 7,400 shares during the period. Ritholtz Wealth Management’s holdings in Vertiv were worth $1,818,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC raised its stake in shares of Vertiv by 60.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 130 shares of the company’s stock worth $33,000 after buying an additional 49 shares in the last quarter. Burkett Financial Services LLC acquired a new stake in shares of Vertiv in the 3rd quarter valued at approximately $35,000. GoalVest Advisory LLC lifted its holdings in shares of Vertiv by 87.3% in the 2nd quarter. GoalVest Advisory LLC now owns 148 shares of the company’s stock valued at $50,000 after buying an additional 69 shares during the period. Ravenstone Capital Management Inc. purchased a new stake in shares of Vertiv in the first quarter valued at approximately $40,000. Finally, Bartlett & CO. Wealth Management LLC purchased a new stake in shares of Vertiv in the first quarter valued at approximately $41,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Price Performance

Vertiv stock traded down $8.04 during mid-day trading on Friday, reaching $201.60. The company had a trading volume of 5,398,707 shares, compared to its average volume of 8,575,370. 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 0.53, a current ratio of 1.39 and a quick ratio of 1.01. The company has a market capitalization of $77.63 billion, a P/E ratio of 37.68, a P/E/G ratio of 0.67 and a beta of 2.11. The stock’s 50-day simple moving average is $231.31 and its 200-day simple moving average is $270.23.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $2.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.39. The company had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $3.75 billion. Vertiv had a net margin of 15.99% and a return on equity of 53.31%. The company’s revenue for the quarter was up 61.2% on a year-over-year basis. During the same period last year, the firm earned $1.24 EPS. On average, equities analysts predict that Vertiv Holdings Co. will post 7.17 EPS for the current year.

Vertiv Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Tuesday, November 24th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Tuesday, November 24th. This is an increase from Vertiv’s previous quarterly dividend of $0.0625. Vertiv’s dividend payout ratio (DPR) is 4.67%.

Analyst Ratings Changes

A number of brokerages recently weighed in on VRT. Loop Capital dropped their price objective on Vertiv from $500.00 to $400.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Daiwa Securities Group cut their price objective on Vertiv from $400.00 to $340.00 and set a “buy” rating for the company in a research report on Tuesday, July 21st. HSBC reduced their target price on Vertiv from $376.00 to $365.00 and set a “buy” rating for the company in a report on Friday, July 31st. Evercore set a $375.00 target price on shares of Vertiv in a research report on Wednesday, July 29th. Finally, TD Cowen boosted their target price on shares of Vertiv from $356.00 to $357.00 and gave the stock a “buy” rating in a research report on Thursday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $333.70.

Insiders Place Their Bets

In related news, Director Edward Monser sold 15,287 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $253.82, for a total value of $3,880,146.34. Following the completion of the transaction, the director directly owned 16,500 shares of the company’s stock, valued at $4,188,030. This trade represents a 48.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is owned by insiders.

Top Vertiv Stories

These are some of the VRT stories that stood out recently:

• Positive Sentiment: Vertiv raised its annual dividend by 60%, from $0.25 to $0.40 per share. The next quarterly payment is $0.10 per share, payable December 17 to shareholders of record November 24—an indication of confidence in cash generation, though the dividend remains modest. Vertiv declares quarterly dividend
• Positive Sentiment: The company launched the PowerStation 3100 RPP, a power-distribution panel designed for AI and high-performance-computing racks above 100 kW. It supports 600–1,200 amps on one platform and is available in North America, giving Vertiv another product aimed at data-center demand. Vertiv introduces high-density remote power panel
• Positive Sentiment: Vertiv also introduced PowerNexus MV UPS, an outdoor medium-voltage system intended to help AI data centers connect to the grid faster and preserve indoor space for computing equipment. The company plans a dedicated laboratory to develop and test the technology. Vertiv introduces medium-voltage power system

Vertiv Profile

Vertiv Holdings Co. (NYSE: VRT) designs, manufactures and services critical digital infrastructure used by data centers, communications networks and commercial and industrial facilities. Its offerings help customers maintain reliable power, cooling and operating conditions for technology systems. The company’s products and solutions include uninterruptible power supplies, power distribution equipment, thermal management systems, racks, integrated modular infrastructure, and monitoring and control software.