Strs Ohio Sells 88,645 Shares of Vertiv Holdings Co. $VRT

Strs Ohio decreased its position in shares of Vertiv Holdings Co. (NYSE:VRT) by 17.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 412,907 shares of the company’s stock after selling 88,645 shares during the quarter. Strs Ohio owned about 0.11% of Vertiv worth $53,021,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of the business. GW&K Investment Management LLC acquired a new position in Vertiv during the first quarter worth $26,000. SouthState Corp bought a new stake in Vertiv during the 1st quarter worth approximately $27,000. Avion Wealth raised its stake in shares of Vertiv by 99.1% in the second quarter. Avion Wealth now owns 213 shares of the company’s stock worth $27,000 after purchasing an additional 106 shares during the last quarter. Sachetta LLC grew its stake in shares of Vertiv by 242.0% in the 1st quarter. Sachetta LLC now owns 448 shares of the company’s stock worth $32,000 after acquiring an additional 317 shares in the last quarter. Finally, OLD Point Trust & Financial Services N A bought a new position in shares of Vertiv in the second quarter valued at approximately $32,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Insider Buying and Selling at Vertiv

In other Vertiv news, 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 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. The trade was a 42.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Paul Ryan sold 22,218 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider directly owned 12,803 shares of the company’s stock, valued at approximately $1,630,334.02. This trade represents a 63.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 180,952 shares of company stock valued at $23,360,571. 2.63% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Rothschild & Co Redburn started coverage on shares of Vertiv in a report on Wednesday, August 20th. They issued a “neutral” rating and a $135.00 price target on the stock. Barclays increased their target price on shares of Vertiv from $145.00 to $170.00 and gave the company an “equal weight” rating in a research report on Thursday, October 23rd. Glj Research began coverage on shares of Vertiv in a report on Tuesday, August 19th. They issued a “sell” rating and a $112.00 price target on the stock. Bank of America upped their price objective on Vertiv from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, July 17th. Finally, KGI Securities raised Vertiv from a “hold” rating to an “outperform” rating in a research report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $177.81.

Vertiv Trading Up 4.6%

Shares of VRT opened at $199.26 on Thursday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.83 and a quick ratio of 1.43. Vertiv Holdings Co. has a 1-year low of $53.60 and a 1-year high of $199.50. The company has a market capitalization of $76.09 billion, a P/E ratio of 75.19, a P/E/G ratio of 1.55 and a beta of 1.84. The firm’s 50 day simple moving average is $151.12 and its 200 day simple moving average is $127.11.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, October 22nd. The company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.25. The firm had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.59 billion. Vertiv had a net margin of 10.67% and a return on equity of 50.82%. The business’s quarterly revenue was up 29.0% on a year-over-year basis. During the same quarter last year, the company posted $0.76 EPS. Vertiv has set its Q4 2025 guidance at 1.230-1.290 EPS. FY 2025 guidance at 4.070-4.130 EPS. Sell-side analysts forecast that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders 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 annualized dividend and a yield of 0.1%. Vertiv’s dividend payout ratio is currently 5.66%.

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.