Ethic Inc. Purchases 5,990 Shares of Vertiv Holdings Co. $VRT

Ethic Inc. lifted its position in Vertiv Holdings Co. (NYSE:VRT) by 13.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 49,526 shares of the company’s stock after buying an additional 5,990 shares during the period. Ethic Inc.’s holdings in Vertiv were worth $6,298,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Parcion Private Wealth LLC lifted its stake in shares of Vertiv by 22.3% in the second quarter. Parcion Private Wealth LLC now owns 6,880 shares of the company’s stock worth $883,000 after buying an additional 1,253 shares in the last quarter. Onyx Bridge Wealth Group LLC bought a new position in shares of Vertiv in the second quarter worth approximately $222,000. D.A. Davidson & CO. lifted its stake in shares of Vertiv by 7.6% in the second quarter. D.A. Davidson & CO. now owns 6,249 shares of the company’s stock worth $802,000 after buying an additional 439 shares in the last quarter. Cavalier Investments LLC bought a new position in shares of Vertiv in the second quarter worth approximately $305,000. Finally, Fiduciary Family Office LLC lifted its stake in shares of Vertiv by 49.9% in the second quarter. Fiduciary Family Office LLC now owns 10,181 shares of the company’s stock worth $1,307,000 after buying an additional 3,387 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.

Vertiv Stock Down 2.0%

VRT opened at $171.27 on Thursday. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 0.93. Vertiv Holdings Co. has a 1-year low of $53.60 and a 1-year high of $184.50. The company has a market capitalization of $65.40 billion, a PE ratio of 81.95, a PEG ratio of 1.50 and a beta of 1.84. The firm’s 50 day simple moving average is $145.24 and its two-hundred day simple moving average is $122.05.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, October 22nd. The company reported $1.24 earnings per share for the quarter, topping the consensus estimate 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 net margin of 8.93% and a return on equity of 51.64%. The company’s quarterly revenue was up 29.0% on a year-over-year basis. During the same period last year, the firm earned $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. As a group, equities analysts forecast that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on VRT. Citigroup upped their target price on shares of Vertiv from $167.00 to $192.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. William Blair started coverage on shares of Vertiv in a research note on Monday, July 28th. They issued an “outperform” rating on the stock. Rothschild & Co Redburn started coverage on shares of Vertiv in a research report on Wednesday, August 20th. They set a “neutral” rating and a $135.00 price objective on the stock. Mizuho increased their price objective on shares of Vertiv from $165.00 to $198.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Finally, Glj Research started coverage on shares of Vertiv in a research report on Tuesday, August 19th. They set a “sell” rating and a $112.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Vertiv presently has a consensus rating of “Moderate Buy” and a consensus price target of $162.95.

Insider Activity

In other news, Director Steven Reinemund sold 100,000 shares of the stock in a transaction on 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 completion of the sale, the director directly owned 133,333 shares of the company’s stock, valued at $17,095,957.26. This represents a 42.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Karsten Winther sold 41,654 shares of the stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $134.21, for a total transaction of $5,590,383.34. Following the completion of the sale, the insider directly owned 18,848 shares of the company’s stock, valued at approximately $2,529,590.08. This trade represents a 68.85% decrease in their ownership of the stock. 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. 2.63% of the stock is currently owned by company insiders.

About Vertiv

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.