Resona Asset Management Co. Ltd. Buys 9,176 Shares of Vertiv Holdings Co. $VRT

Resona Asset Management Co. Ltd. boosted its stake in Vertiv Holdings Co. (NYSE:VRT) by 8.6% during the second quarter, Holdings Channel.com reports. The firm owned 115,863 shares of the company’s stock after buying an additional 9,176 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Vertiv were worth $14,859,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Atlantic Union Bankshares Corp purchased a new position in shares of Vertiv in the second quarter worth $3,466,000. Asahi Life Asset Management CO. LTD. purchased a new position in shares of Vertiv in the second quarter valued at about $431,000. EFG Asset Management North America Corp. increased its position in shares of Vertiv by 23.1% in the second quarter. EFG Asset Management North America Corp. now owns 88,108 shares of the company’s stock valued at $11,307,000 after acquiring an additional 16,546 shares during the period. Simmons Bank bought a new position in shares of Vertiv during the second quarter valued at about $204,000. Finally, GPS Wealth Strategies Group LLC boosted its holdings in shares of Vertiv by 11.4% during the second quarter. GPS Wealth Strategies Group LLC now owns 36,021 shares of the company’s stock worth $4,625,000 after purchasing an additional 3,695 shares during the period. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Insider Buying and Selling at Vertiv

In other news, Director Steven Reinemund sold 100,000 shares of Vertiv stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $128.22, for a total transaction of $12,822,000.00. Following the completion of the transaction, the director directly owned 133,333 shares in the company, valued at approximately $17,095,957.26. This trade represents a 42.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul Ryan sold 22,218 shares of the company’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 value of $2,829,240.12. Following the completion of the sale, the insider owned 12,803 shares in the company, valued at $1,630,334.02. The trade was a 63.44% 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 three months. Company insiders own 2.63% of the company’s stock.

Vertiv Price Performance

Shares of VRT stock opened at $179.63 on Friday. The business’s fifty day moving average is $159.40 and its 200 day moving average is $132.35. The company has a quick ratio of 1.43, a current ratio of 1.83 and a debt-to-equity ratio of 0.83. The stock has a market cap of $68.68 billion, a price-to-earnings ratio of 67.79, a PEG ratio of 1.48 and a beta of 1.87. Vertiv Holdings Co. has a twelve month low of $53.60 and a twelve month high of $202.45.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, October 22nd. The company reported $1.24 EPS for the quarter, beating 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 for the quarter was up 29.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.76 earnings per share. 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 EPS for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Monday, September 15th. Vertiv’s dividend payout ratio is 5.66%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on VRT. Citigroup boosted their price target on Vertiv from $192.00 to $198.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Zacks Research raised Vertiv from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. William Blair assumed coverage on Vertiv in a research note on Monday, July 28th. They issued an “outperform” rating for the company. TD Cowen lifted their price target on shares of Vertiv from $162.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Finally, Barclays upped their price objective on shares of Vertiv from $145.00 to $170.00 and gave the stock an “equal weight” rating in a report on Thursday, October 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Vertiv currently has a consensus rating of “Moderate Buy” and a consensus price target of $177.81.

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.