MBL Wealth LLC purchased a new stake in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 1,767 shares of the company’s stock, valued at approximately $227,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in VRT. Wealthcare Advisory Partners LLC grew its position in Vertiv by 4.3% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 19,360 shares of the company’s stock valued at $2,486,000 after buying an additional 796 shares in the last quarter. Clarius Group LLC acquired a new position in Vertiv during the second quarter worth about $246,000. NTV Asset Management LLC raised its position in Vertiv by 83.3% in the second quarter. NTV Asset Management LLC now owns 8,800 shares of the company’s stock worth $1,130,000 after acquiring an additional 4,000 shares in the last quarter. Ameriflex Group Inc. raised its position in Vertiv by 14.9% in the second quarter. Ameriflex Group Inc. now owns 770 shares of the company’s stock worth $95,000 after acquiring an additional 100 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its position in shares of Vertiv by 91.9% during the 2nd quarter. QRG Capital Management Inc. now owns 80,022 shares of the company’s stock valued at $10,276,000 after purchasing an additional 38,320 shares in the last quarter. 89.92% of the stock is owned by institutional investors.
Insider Activity at Vertiv
In other Vertiv news, insider Paul Ryan sold 22,218 shares of the company’s stock in a transaction that occurred on 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 approximately $1,630,334.02. This represents a 63.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven Reinemund sold 100,000 shares of the business’s stock in a transaction on 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 transaction, the director owned 133,333 shares in the company, valued at approximately $17,095,957.26. This represents a 42.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 180,952 shares of company stock valued at $23,360,571. Company insiders own 5.01% of the company’s stock.
Vertiv Price Performance
Vertiv (NYSE:VRT – Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.12. Vertiv had a return on equity of 51.64% and a net margin of 8.93%.The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period in the previous year, the firm earned $0.67 earnings per share. Vertiv’s quarterly revenue was up 35.1% on a year-over-year basis. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. Equities analysts forecast that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.
Vertiv Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Monday, September 15th were given a dividend of $0.0375 per share. The ex-dividend date of this dividend 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 presently 7.18%.
Analyst Ratings Changes
VRT has been the topic of a number of research reports. William Blair initiated coverage on shares of Vertiv in a report on Monday, July 28th. They issued an “outperform” rating on the stock. Glj Research began coverage on Vertiv in a report on Tuesday, August 19th. They issued a “sell” rating and a $112.00 price target on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Vertiv in a research note on Saturday, September 27th. Evercore ISI restated an “outperform” rating on shares of Vertiv in a report on Thursday, July 10th. Finally, Zacks Research downgraded Vertiv from a “strong-buy” rating to a “hold” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Vertiv presently has a consensus rating of “Moderate Buy” and an average price target of $144.95.
Read Our Latest Stock Analysis on VRT
Vertiv 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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