M&G PLC Cuts Stock Position in Vertiv Holdings Co. $VRT

M&G PLC cut its stake in Vertiv Holdings Co. (NYSE:VRT) by 9.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 140,198 shares of the company’s stock after selling 13,801 shares during the period. M&G PLC’s holdings in Vertiv were worth $17,945,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Stratos Wealth Partners LTD. grew its position in shares of Vertiv by 15.0% in the 1st quarter. Stratos Wealth Partners LTD. now owns 3,873 shares of the company’s stock valued at $280,000 after buying an additional 506 shares during the last quarter. Cerity Partners LLC raised its stake in shares of Vertiv by 41.2% during the 1st quarter. Cerity Partners LLC now owns 68,670 shares of the company’s stock worth $4,958,000 after buying an additional 20,048 shares in the last quarter. Stephens Inc. AR grew its position in Vertiv by 566.3% during the first quarter. Stephens Inc. AR now owns 47,725 shares of the company’s stock worth $3,446,000 after buying an additional 40,562 shares during the period. CWM LLC raised its holdings in Vertiv by 18.3% during the first quarter. CWM LLC now owns 30,210 shares of the company’s stock worth $2,181,000 after purchasing an additional 4,682 shares during the last quarter. Finally, Edgestream Partners L.P. purchased a new stake in shares of Vertiv in the 1st quarter worth about $1,000,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Insider Buying and Selling at Vertiv

In other news, Director Steven Reinemund sold 100,000 shares of the stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $128.22, for a total value of $12,822,000.00. Following the completion of the sale, the director directly owned 133,333 shares of the company’s stock, valued at approximately $17,095,957.26. This represents a 42.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul Ryan sold 22,218 shares of the business’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $127.34, for a total value of $2,829,240.12. Following the transaction, the insider owned 12,803 shares in the company, valued at $1,630,334.02. This represents a 63.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 139,298 shares of company stock valued at $17,770,188 in the last 90 days. 2.63% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on VRT shares. Cowen set a $210.00 price objective on Vertiv in a research report on Thursday, October 23rd. Bank of America boosted their price objective on Vertiv from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. TD Cowen raised their target price on Vertiv from $162.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. William Blair assumed coverage on shares of Vertiv in a research report on Monday, July 28th. They issued an “outperform” rating for the company. Finally, Citigroup raised their price target on Vertiv from $192.00 to $198.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $177.81.

Vertiv Price Performance

Shares of NYSE:VRT opened at $173.28 on Thursday. The company’s fifty day moving average is $162.65 and its two-hundred day moving average is $134.81. The company has a quick ratio of 1.43, a current ratio of 1.83 and a debt-to-equity ratio of 0.83. The company has a market cap of $66.25 billion, a P/E ratio of 65.39, a price-to-earnings-growth ratio of 1.45 and a beta of 1.87. Vertiv Holdings Co. has a 12-month low of $53.60 and a 12-month high of $202.45.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, October 22nd. The company reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.25. The firm had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.59 billion. Vertiv had a net margin of 10.67% and a return on equity of 50.82%. The firm’s revenue was up 29.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.76 earnings per share. Vertiv has set its Q4 2025 guidance at 1.230-1.290 EPS. FY 2025 guidance at 4.070-4.130 EPS. Equities analysts expect 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. Investors of record on Monday, September 15th were paid 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 dividend payout ratio (DPR) is presently 5.66%.

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.