Allworth Financial LP Boosts Stock Position in Vertiv Holdings Co. $VRT

Allworth Financial LP boosted its holdings in Vertiv Holdings Co. (NYSE:VRT) by 316.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,701 shares of the company’s stock after purchasing an additional 2,052 shares during the quarter. Allworth Financial LP’s holdings in Vertiv were worth $347,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Amundi grew its holdings in shares of Vertiv by 96.8% during the 1st 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. 1832 Asset Management L.P. increased its position in shares of Vertiv by 985.3% in the 1st quarter. 1832 Asset Management L.P. now owns 2,301,700 shares of the company’s stock worth $166,183,000 after purchasing an additional 2,089,612 shares during the last quarter. Nordea Investment Management AB raised its stake in Vertiv by 100.1% during the second quarter. Nordea Investment Management AB now owns 3,246,769 shares of the company’s stock valued at $415,132,000 after buying an additional 1,624,456 shares in the last quarter. Vanguard Group Inc. lifted its stake in Vertiv by 3.7% during the first quarter. Vanguard Group Inc. now owns 37,715,159 shares of the company’s stock worth $2,723,034,000 after purchasing an additional 1,359,070 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Vertiv during the 1st quarter worth approximately $77,820,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Trading Up 4.3%

Shares of Vertiv stock opened at $170.66 on Monday. The company has a 50-day simple moving average of $164.34 and a 200 day simple moving average of $136.30. The company has a quick ratio of 1.43, a current ratio of 1.83 and a debt-to-equity ratio of 0.83. Vertiv Holdings Co. has a 12-month low of $53.60 and a 12-month high of $202.45. The stock has a market capitalization of $65.25 billion, a P/E ratio of 64.40, a price-to-earnings-growth ratio of 1.39 and a beta of 1.87.

Vertiv (NYSE:VRT) last posted its quarterly earnings data 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. Vertiv had a net margin of 10.67% and a return on equity of 50.82%. The firm had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same quarter in the previous year, the company posted $0.76 EPS. Vertiv’s revenue was up 29.0% on a year-over-year basis. Vertiv has set its Q4 2025 guidance at 1.230-1.290 EPS. FY 2025 guidance at 4.070-4.130 EPS. Research analysts expect that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Tuesday, November 25th will be issued a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.1%. This is a positive change from Vertiv’s previous quarterly dividend of $0.04. The ex-dividend date is Tuesday, November 25th. Vertiv’s dividend payout ratio is presently 5.66%.

Insider Transactions at Vertiv

In related news, Director Jakki L. Haussler sold 15,680 shares of the company’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $123.92, for a total value of $1,943,065.60. Following the transaction, the director directly owned 4,631 shares in the company, valued at approximately $573,873.52. This represents a 77.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Paul Ryan sold 22,218 shares of the firm’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $127.34, for a total transaction of $2,829,240.12. Following the transaction, the insider directly 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. The SEC filing for this sale provides additional information. Insiders sold 139,298 shares of company stock valued at $17,770,188 over the last three months. Company insiders own 5.01% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on VRT shares. William Blair initiated coverage on Vertiv in a research note on Monday, July 28th. They issued an “outperform” rating for the company. Morgan Stanley upped their price objective on shares of Vertiv from $165.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. Cfra Research upgraded shares of Vertiv to a “moderate buy” rating in a report on Tuesday, October 7th. Evercore ISI raised their price objective on shares of Vertiv from $180.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, October 20th. Finally, Zacks Research upgraded shares of Vertiv from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Vertiv currently has a consensus rating of “Moderate Buy” and an average price target of $177.81.

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.