Brighton Jones LLC reduced its position in Vertiv Holdings Co. (NYSE:VRT – Free Report) by 17.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 11,928 shares of the company’s stock after selling 2,572 shares during the period. Brighton Jones LLC’s holdings in Vertiv were worth $2,878,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp increased its position in shares of Vertiv by 4.5% during the second quarter. State Street Corp now owns 16,531,530 shares of the company’s stock worth $5,535,087,000 after acquiring an additional 704,970 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Vertiv by 14.1% in the second quarter. Wellington Management Group LLP now owns 3,794,360 shares of the company’s stock worth $1,270,428,000 after acquiring an additional 468,380 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Vertiv by 1.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,709,276 shares of the company’s stock worth $678,890,000 after acquiring an additional 51,328 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Vertiv by 33.7% in the first quarter. Bank of New York Mellon Corp now owns 2,410,642 shares of the company’s stock worth $604,059,000 after acquiring an additional 608,176 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in Vertiv by 1.1% in the second quarter. Legal & General Group Plc now owns 2,138,967 shares of the company’s stock valued at $716,169,000 after purchasing an additional 23,444 shares during the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Vertiv news, Director Edward Monser sold 15,287 shares of the company’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 transaction of $3,880,146.34. Following the sale, the director owned 16,500 shares in the company, valued at $4,188,030. This represents a 48.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is currently owned by corporate insiders.
Vertiv Price Performance
VRT opened at $200.62 on Tuesday. The company has a 50-day moving average of $235.86 and a 200-day moving average of $269.84. The company has a market capitalization of $77.24 billion, a P/E ratio of 37.50, a PEG ratio of 0.65 and a beta of 2.11. 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 quick ratio of 1.01 and a current ratio of 1.39.
Vertiv (NYSE:VRT – Get Free Report) last issued its 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. Vertiv had a net margin of 15.99% and a return on equity of 53.31%. The business had revenue of $4.31 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the prior year, the business posted $1.24 EPS. The company’s revenue for the quarter was up 61.2% on a year-over-year basis. Equities analysts expect that Vertiv Holdings Co. will post 7.17 EPS for the current fiscal year.
Vertiv Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Monday, September 14th were issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Monday, September 14th. Vertiv’s payout ratio is currently 4.67%.
Wall Street Analysts Forecast Growth
VRT has been the subject of a number of recent analyst reports. BMO Capital Markets restated an “outperform” rating and set a $331.00 price objective on shares of Vertiv in a research note on Thursday, October 29th. Evercore set a $375.00 price objective on Vertiv in a report on Wednesday, July 29th. The Goldman Sachs Group cut their target price on Vertiv from $352.00 to $301.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Zacks Research upgraded Vertiv from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 30th. Finally, Mizuho set a $300.00 target price on Vertiv in a research note on Thursday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Vertiv has an average rating of “Moderate Buy” and an average target price of $337.78.
View Our Latest Research Report on VRT
More Vertiv News
Here are the key news stories impacting Vertiv this week:
- Positive Sentiment: Anthropic’s IPO filing points to roughly $895 billion in computing and lease commitments, including facilities developed by outside partners. Vertiv is among the companies positioned to supply data-center cooling, and the article notes that Vertiv and two other infrastructure providers each grew third-quarter revenue by at least 57%. Anthropic’s S-1 Says It Will Expand Its Data Center Footprint
- Positive Sentiment: A bullish analysis points to triple-digit order growth, improving margins, and durable AI-compute demand as potential growth drivers through 2027. That supports the case that data-center investment can continue to benefit Vertiv. Vertiv: Double Down Buy Opportunity
- Neutral Sentiment: Coverage describes VRT as testing a closely watched support area after a pullback, with strong earnings performance contrasting with a softer market. This may help explain near-term trading, but the article’s headline does not establish a fundamental catalyst. VRT Price Prediction: Pullback into a heavily watched support band
- Neutral Sentiment: Another valuation article argues that Vertiv may be below fair value after recent deals and launches involving grid interconnection, liquid cooling, and AI-focused offerings. It also notes that substantial past gains mean high expectations are already embedded in the stock. Vertiv Stock Looks Below Fair Value After Recent Deals
- Negative Sentiment: Permitting disputes could delay data-center construction, threatening the projects that require Vertiv’s cooling and power systems. Separately, one analysis frames the selloff as concern about demand in 2028, despite a strong 2027 outlook. AI Data Center Pipeline Could Dry Up The Print Was About 2027, The Selloff Is About 2028
About Vertiv
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.
Read More
- Five stocks we like better than Vertiv
- Wall Street May Be Making a Big Mistake With monday.com Stock
- Are These 2 Mid-Cap Growth Stocks Worth the Risk?
- Oklo Changes the Narrative: Does a Nuclear Stock Price Explosion Come Next?
- Cloudflare’s 20% Sell-Off May Have Created an Opening for Investors
Want to see what other hedge funds are holding VRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vertiv Holdings Co. (NYSE:VRT – Free Report).
Receive News & Ratings for Vertiv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vertiv and related companies with MarketBeat.com's FREE daily email newsletter.
