Wakefield Asset Management LLLP Sells 640 Shares of Vertiv Holdings Co. $VRT

Wakefield Asset Management LLLP reduced its holdings in Vertiv Holdings Co. (NYSE:VRT) by 2.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 29,520 shares of the company’s stock after selling 640 shares during the period. Vertiv accounts for about 1.1% of Wakefield Asset Management LLLP’s portfolio, making the stock its 23rd largest holding. Wakefield Asset Management LLLP’s holdings in Vertiv were worth $3,791,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. GW&K Investment Management LLC bought a new stake in Vertiv during the first quarter worth about $26,000. SouthState Corp bought a new position in Vertiv in the first quarter valued at approximately $27,000. Avion Wealth increased its position in shares of Vertiv by 99.1% during the 2nd 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 raised its stake in shares of Vertiv by 242.0% during the 1st quarter. Sachetta LLC now owns 448 shares of the company’s stock worth $32,000 after purchasing an additional 317 shares in the last quarter. Finally, OLD Point Trust & Financial Services N A bought a new stake in shares of Vertiv during the 2nd quarter worth approximately $32,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Vertiv

In related news, insider Karsten Winther sold 41,654 shares of the firm’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $134.21, for a total transaction of $5,590,383.34. Following the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jakki L. Haussler sold 15,680 shares of the business’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $123.92, for a total transaction of $1,943,065.60. Following the completion of the sale, the director directly owned 4,631 shares of the company’s stock, valued at $573,873.52. This represents a 77.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 180,952 shares of company stock worth $23,360,571 over the last ninety days. Corporate insiders own 2.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on VRT. Redburn Atlantic raised shares of Vertiv to a “hold” rating in a research note on Wednesday, August 20th. William Blair began coverage on shares of Vertiv in a research report on Monday, July 28th. They issued an “outperform” rating for the company. Citigroup upped their target price on shares of Vertiv from $192.00 to $198.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Bank of America raised their target price on shares of Vertiv from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, July 17th. Finally, TD Cowen boosted their price target on Vertiv from $162.00 to $210.00 and gave the stock a “buy” 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $177.81.

Vertiv Stock Performance

Shares of VRT stock opened at $192.55 on Friday. Vertiv Holdings Co. has a 52 week low of $53.60 and a 52 week high of $202.45. The company has a market capitalization of $73.53 billion, a price-to-earnings ratio of 72.66, a PEG ratio of 1.56 and a beta of 1.84. The company has a 50-day simple moving average of $153.78 and a 200 day simple moving average of $128.80. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.43 and a current ratio of 1.83.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, October 22nd. The company reported $1.24 earnings per share (EPS) 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 the consensus estimate of $2.59 billion. During the same period last year, the business posted $0.76 earnings per share. The business’s revenue for the quarter was up 29.0% compared to the same quarter last year. Vertiv has set its Q4 2025 guidance at 1.230-1.290 EPS. FY 2025 guidance at 4.070-4.130 EPS. On average, sell-side analysts predict that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Monday, September 15th were given a dividend of $0.0375 per share. The ex-dividend date was Monday, September 15th. This represents a $0.15 annualized dividend and a yield of 0.1%. Vertiv’s dividend payout ratio (DPR) is presently 5.66%.

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.