Onyx Bridge Wealth Group LLC bought a new stake in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,727 shares of the company’s stock, valued at approximately $222,000.
Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Vertiv by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 37,715,159 shares of the company’s stock worth $2,723,034,000 after acquiring an additional 1,359,070 shares during the last quarter. Amundi increased its stake in Vertiv by 96.8% in the first quarter. Amundi now owns 6,951,773 shares of the company’s stock worth $469,490,000 after purchasing an additional 3,420,144 shares during the period. Fred Alger Management LLC increased its stake in Vertiv by 19.6% in the first quarter. Fred Alger Management LLC now owns 3,496,060 shares of the company’s stock worth $252,416,000 after purchasing an additional 572,545 shares during the period. Nordea Investment Management AB lifted its position in shares of Vertiv by 100.1% during the second quarter. Nordea Investment Management AB now owns 3,246,769 shares of the company’s stock worth $415,132,000 after purchasing an additional 1,624,456 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Vertiv by 6.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,839,864 shares of the company’s stock valued at $205,085,000 after purchasing an additional 182,937 shares during the period. Institutional investors own 89.92% of the company’s stock.
Insider Activity
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 value of $12,822,000.00. Following the sale, the director directly owned 133,333 shares in the company, valued at approximately $17,095,957.26. This trade represents a 42.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jakki L. Haussler sold 15,680 shares of Vertiv stock in a transaction that occurred on 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 in the company, valued at approximately $573,873.52. The trade was a 77.20% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 180,952 shares of company stock valued at $23,360,571. Corporate insiders own 2.63% of the company’s stock.
Vertiv Stock Performance
Vertiv (NYSE:VRT – Get Free Report) last announced its quarterly earnings results on Wednesday, October 22nd. The company reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.25. The business had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.59 billion. Vertiv had a return on equity of 51.64% and a net margin of 8.93%.The business’s revenue was up 29.0% compared to the same quarter last year. During the same period last year, the business posted $0.76 EPS. Vertiv has set its Q4 2025 guidance at 1.230-1.290 EPS. FY 2025 guidance at 4.070-4.130 EPS. On average, sell-side analysts predict 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 was paid on Thursday, September 25th. Shareholders of record on Monday, September 15th were issued a $0.0375 dividend. The ex-dividend date was Monday, September 15th. This represents a $0.15 dividend on an annualized basis and a yield of 0.1%. Vertiv’s payout ratio is currently 7.18%.
Analysts Set New Price Targets
VRT has been the topic of several recent analyst reports. Bank of America raised their price target on shares of Vertiv from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. Oppenheimer raised their target price on shares of Vertiv from $151.00 to $190.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft set a $216.00 price target on shares of Vertiv and gave the company a “buy” rating in a research note on Wednesday, October 15th. Rothschild Redb raised Vertiv to a “hold” rating in a research note on Wednesday, August 20th. Finally, Glj Research assumed coverage on Vertiv in a research report on Tuesday, August 19th. They set a “sell” rating and a $112.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $162.95.
Check Out Our Latest Analysis on Vertiv
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.
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