Altfest L J & Co. Inc. Sells 7,543 Shares of Vertiv Holdings Co. $VRT

Altfest L J & Co. Inc. decreased its holdings in shares of Vertiv Holdings Co. (NYSE:VRT) by 52.5% during the third quarter, HoldingsChannel reports. The firm owned 6,816 shares of the company’s stock after selling 7,543 shares during the period. Altfest L J & Co. Inc.’s holdings in Vertiv were worth $1,028,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Norges Bank purchased a new position in Vertiv during the second quarter valued at approximately $538,132,000. Winslow Capital Management LLC bought a new stake in Vertiv during the 2nd quarter valued at $459,284,000. Nordea Investment Management AB increased its holdings in shares of Vertiv by 100.1% in the 2nd quarter. Nordea Investment Management AB now owns 3,246,769 shares of the company’s stock valued at $415,132,000 after acquiring an additional 1,624,456 shares during the period. SG Americas Securities LLC increased its holdings in shares of Vertiv by 102.7% in the 2nd quarter. SG Americas Securities LLC now owns 26,837 shares of the company’s stock valued at $3,446,000 after acquiring an additional 1,026,837 shares during the period. Finally, Invesco Ltd. raised its position in shares of Vertiv by 20.9% in the 2nd quarter. Invesco Ltd. now owns 5,931,488 shares of the company’s stock worth $761,662,000 after acquiring an additional 1,024,634 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Cfra Research raised Vertiv to a “moderate buy” rating in a research report on Tuesday, October 7th. KGI Securities raised shares of Vertiv from a “hold” rating to an “outperform” rating in a research report on Thursday, October 23rd. The Goldman Sachs Group upped their price target on Vertiv from $182.00 to $204.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. TD Cowen increased their price objective on Vertiv from $162.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Finally, UBS Group boosted their price target on Vertiv from $173.00 to $201.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $181.38.

Vertiv Price Performance

NYSE:VRT opened at $175.72 on Friday. 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. The stock’s 50-day moving average price is $173.99 and its 200-day moving average price is $151.38. The stock has a market capitalization of $67.19 billion, a PE ratio of 66.31, a price-to-earnings-growth ratio of 1.03 and a beta of 2.03.

Vertiv (NYSE:VRT) last issued its quarterly earnings results 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 the consensus estimate of $2.59 billion. Vertiv’s revenue for the quarter was up 29.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.76 earnings per share. Vertiv has set its Q4 2025 guidance at 1.230-1.290 EPS and its FY 2025 guidance at 4.070-4.130 EPS. As a group, equities analysts expect that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Tuesday, November 25th were paid a $0.0625 dividend. The ex-dividend date of this dividend was Tuesday, November 25th. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. This is an increase from Vertiv’s previous quarterly dividend of $0.04. Vertiv’s dividend payout ratio is 9.43%.

Insider Buying and Selling

In other Vertiv news, EVP Stephen Liang sold 5,501 shares of the company’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $170.48, for a total transaction of $937,810.48. Following the completion of the transaction, the executive vice president directly owned 4,050 shares in the company, valued at approximately $690,444. This represents a 57.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.63% of the company’s stock.

Vertiv Company Profile

Vertiv is a global provider of critical digital infrastructure and continuity solutions for data centers, communication networks and commercial and industrial environments. Headquartered in Columbus, Ohio, the company designs, manufactures and services equipment and software that support power availability, thermal management and IT infrastructure management for a broad set of end markets, including hyperscale and enterprise data centers, colocation providers, telecom operators and industrial customers.

The company’s product portfolio includes uninterruptible power supplies (UPS), power distribution units (PDUs), battery and DC power systems, precision cooling and thermal management equipment, racks and enclosures, and integrated modular infrastructure.