Baker Avenue Asset Management LP Sells 8,127 Shares of Vertiv Holdings Co. $VRT

Baker Avenue Asset Management LP decreased its position in Vertiv Holdings Co. (NYSE:VRT) by 11.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 63,092 shares of the company’s stock after selling 8,127 shares during the period. Baker Avenue Asset Management LP’s holdings in Vertiv were worth $8,102,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Avion Wealth grew its stake in Vertiv by 99.1% in the second quarter. Avion Wealth now owns 213 shares of the company’s stock valued at $27,000 after acquiring an additional 106 shares during the period. OLD Point Trust & Financial Services N A bought a new position in shares of Vertiv during the 2nd quarter valued at about $32,000. DiNuzzo Private Wealth Inc. grew its position in shares of Vertiv by 780.0% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 264 shares of the company’s stock valued at $34,000 after purchasing an additional 234 shares during the period. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Vertiv in the 2nd quarter valued at approximately $37,000. Finally, Garde Capital Inc. increased its stake in Vertiv by 1,886.7% during the 2nd quarter. Garde Capital Inc. now owns 298 shares of the company’s stock worth $38,000 after purchasing an additional 283 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.

Insider Buying and Selling at Vertiv

In other Vertiv news, EVP Stephen Liang sold 5,501 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $170.48, for a total transaction of $937,810.48. Following the transaction, the executive vice president owned 4,050 shares of the company’s stock, valued at $690,444. The trade was a 57.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.01% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on VRT. Oppenheimer upped their price target on shares of Vertiv from $190.00 to $195.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. TD Cowen upped their target price on shares of Vertiv from $162.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Redburn Atlantic upgraded Vertiv to a “hold” rating in a report on Wednesday, August 20th. Zacks Research upgraded Vertiv from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. Finally, Cfra Research raised Vertiv to a “moderate buy” rating in a research report on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $178.38.

Vertiv Stock Up 3.4%

VRT stock opened at $188.79 on Monday. The company has a market cap of $72.18 billion, a price-to-earnings ratio of 71.24, a P/E/G ratio of 1.53 and a beta of 2.03. Vertiv Holdings Co. has a twelve month low of $53.60 and a twelve month high of $202.45. The business has a 50 day moving average price of $174.94 and a two-hundred day moving average price of $143.99. 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 (NYSE:VRT) last announced its quarterly earnings data on Wednesday, October 22nd. The company reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.25. Vertiv had a return on equity of 50.82% and a net margin of 10.67%.The company had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.59 billion. During the same quarter in the prior year, the business posted $0.76 EPS. The business’s revenue was up 29.0% compared to the same quarter last year. Vertiv has set its Q4 2025 guidance at 1.230-1.290 EPS and its FY 2025 guidance at 4.070-4.130 EPS. Analysts anticipate that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Tuesday, November 25th will be given a $0.0625 dividend. This is a boost from Vertiv’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.1%. Vertiv’s payout ratio is 9.43%.

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.