Fortitude Advisory Group L.L.C. Sells 391 Shares of Vertiv Holdings Co. $VRT

Fortitude Advisory Group L.L.C. trimmed its holdings in Vertiv Holdings Co. (NYSE:VRT) by 10.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,287 shares of the company’s stock after selling 391 shares during the period. Fortitude Advisory Group L.L.C.’s holdings in Vertiv were worth $422,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Ibex Wealth Advisors grew its stake in 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 buying an additional 6,989 shares during the last quarter. FengHe Fund Management Pte. Ltd. acquired a new position in Vertiv in the 1st quarter valued at $33,389,000. Outlook Wealth Advisors LLC acquired a new position in Vertiv in the 1st quarter valued at $475,000. Fox Run Management L.L.C. grew its stake in Vertiv by 449.9% in the 1st quarter. Fox Run Management L.L.C. now owns 21,545 shares of the company’s stock valued at $1,556,000 after buying an additional 17,627 shares during the last quarter. Finally, Maxi Investments CY Ltd grew its stake in Vertiv by 160.3% in the 1st quarter. Maxi Investments CY Ltd now owns 26,025 shares of the company’s stock valued at $1,879,000 after buying an additional 16,025 shares during the last quarter. 89.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Bank of America raised their target price on shares of Vertiv from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, July 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of Vertiv in a research note on Saturday, September 27th. Rothschild Redb upgraded shares of Vertiv to a “hold” rating in a research note on Wednesday, August 20th. Redburn Atlantic raised shares of Vertiv to a “hold” rating in a report on Wednesday, August 20th. Finally, The Goldman Sachs Group set a $159.00 price target on shares of Vertiv in a report on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $144.95.

Vertiv Price Performance

NYSE:VRT opened at $160.45 on Friday. The company has a 50-day moving average of $137.27 and a 200-day moving average of $113.95. The company has a market capitalization of $61.27 billion, a price-to-earnings ratio of 76.77, a PEG ratio of 1.41 and a beta of 1.84. Vertiv Holdings Co. has a 52 week low of $53.60 and a 52 week high of $168.99. 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) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.95 EPS 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 the consensus estimate 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% compared to the same quarter last year. During the same period last year, the firm earned $0.67 EPS. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. As a group, equities research analysts anticipate that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Monday, September 15th were issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, September 15th. Vertiv’s dividend payout ratio (DPR) is presently 7.18%.

Insider Buying and Selling at Vertiv

In other news, Director Steven Reinemund sold 100,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director directly owned 133,333 shares of the company’s stock, valued at approximately $17,095,957.26. This trade represents a 42.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $2,829,240.12. Following the transaction, the insider directly owned 12,803 shares of the company’s stock, valued at $1,630,334.02. The trade was a 63.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 180,952 shares of company stock valued at $23,360,571 over the last quarter. 2.63% of the stock is currently owned by insiders.

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.