Vertiv Holdings Co. $VRT Shares Sold by Plato Investment Management Ltd

Plato Investment Management Ltd lessened its stake in shares of Vertiv Holdings Co. (NYSE:VRT) by 62.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,368 shares of the company’s stock after selling 3,954 shares during the quarter. Plato Investment Management Ltd’s holdings in Vertiv were worth $303,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GW&K Investment Management LLC acquired a new position in shares of Vertiv in the first quarter worth about $26,000. SouthState Corp acquired a new stake in shares of Vertiv in the 1st quarter valued at about $27,000. Avion Wealth raised its stake in shares of Vertiv by 99.1% in the 2nd quarter. Avion Wealth now owns 213 shares of the company’s stock valued at $27,000 after purchasing an additional 106 shares in the last quarter. Sachetta LLC raised its stake in shares of Vertiv by 242.0% in the 1st quarter. Sachetta LLC now owns 448 shares of the company’s stock valued at $32,000 after purchasing an additional 317 shares in the last quarter. Finally, OLD Point Trust & Financial Services N A acquired a new stake in Vertiv during the second quarter valued at approximately $32,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Price Performance

NYSE:VRT opened at $191.36 on Tuesday. The business’s 50-day moving average price is $155.10 and its 200 day moving average price is $130.04. The firm has a market cap of $73.16 billion, a P/E ratio of 72.21, a PEG ratio of 1.56 and a beta of 1.87. 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 52-week low of $53.60 and a 52-week high of $202.45.

Vertiv (NYSE:VRT) last released 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. The business had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.59 billion. Vertiv had a return on equity of 50.82% and a net margin of 10.67%.The company’s revenue was up 29.0% compared to the same quarter last year. During the same period 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. As a group, sell-side analysts predict that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on VRT. JPMorgan Chase & Co. upped their price target on Vertiv from $150.00 to $206.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Glj Research assumed coverage on Vertiv in a research report on Tuesday, August 19th. They set a “sell” rating and a $112.00 price target on the stock. Cowen set a $210.00 target price on Vertiv in a research report on Thursday, October 23rd. Roth Capital reaffirmed a “buy” rating and issued a $195.00 price objective (up previously from $162.00) on shares of Vertiv in a report on Tuesday, October 21st. Finally, Citigroup raised their price target on shares of Vertiv from $192.00 to $198.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Vertiv has a consensus rating of “Moderate Buy” and an average target price of $177.81.

Insider Activity

In other news, insider Paul Ryan sold 22,218 shares of the firm’s stock in a transaction on Tuesday, August 26th. The stock was 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 owned 12,803 shares of the company’s stock, valued at $1,630,334.02. This trade represents a 63.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Steven Reinemund sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $128.22, for a total value of $12,822,000.00. Following the sale, the director 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 disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 180,952 shares of company stock valued at $23,360,571. Corporate insiders own 5.01% of the company’s stock.

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.