Smithbridge Asset Management Inc. DE Sells 8,174 Shares of Vertiv Holdings Co. $VRT

Smithbridge Asset Management Inc. DE lowered its position in Vertiv Holdings Co. (NYSE:VRT) by 6.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 124,430 shares of the company’s stock after selling 8,174 shares during the quarter. Vertiv makes up 2.8% of Smithbridge Asset Management Inc. DE’s investment portfolio, making the stock its 6th biggest position. Smithbridge Asset Management Inc. DE’s holdings in Vertiv were worth $15,978,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. FengHe Fund Management Pte. Ltd. acquired a new position in Vertiv in the 1st quarter worth $33,389,000. Fox Run Management L.L.C. increased its position in shares of Vertiv by 449.9% in the 1st quarter. Fox Run Management L.L.C. now owns 21,545 shares of the company’s stock worth $1,556,000 after purchasing an additional 17,627 shares during the last quarter. Trilogy Capital Inc. bought a new stake in shares of Vertiv in the 2nd quarter worth about $2,790,000. Maxi Investments CY Ltd increased its position in shares of Vertiv by 160.3% in the 1st quarter. Maxi Investments CY Ltd now owns 26,025 shares of the company’s stock worth $1,879,000 after purchasing an additional 16,025 shares during the last quarter. Finally, Balboa Wealth Partners increased its position in shares of Vertiv by 68.9% in the 1st quarter. Balboa Wealth Partners now owns 29,408 shares of the company’s stock worth $2,123,000 after purchasing an additional 12,001 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Insiders Place Their Bets

In related news, Director Jakki L. Haussler sold 15,680 shares of the stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $123.92, for a total value of $1,943,065.60. Following the completion of the transaction, 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. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Steven Reinemund sold 100,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the director directly owned 133,333 shares of the company’s stock, valued at $17,095,957.26. This trade represents a 42.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 180,952 shares of company stock valued at $23,360,571. 2.63% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. The Goldman Sachs Group set a $159.00 target price on shares of Vertiv in a research report on Monday, September 29th. Weiss Ratings downgraded shares of Vertiv from a “buy (b)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their target price on shares of Vertiv from $150.00 to $206.00 and gave the stock an “overweight” rating in a research report on Wednesday. Rothschild & Co Redburn assumed coverage on shares of Vertiv in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $135.00 target price for the company. Finally, Citigroup boosted their target price on shares of Vertiv from $167.00 to $192.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Vertiv has a consensus rating of “Moderate Buy” and a consensus price target of $157.90.

Vertiv Price Performance

Shares of NYSE:VRT opened at $177.75 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.74 and a debt-to-equity ratio of 0.93. Vertiv Holdings Co. has a fifty-two week low of $53.60 and a fifty-two week high of $184.44. The firm has a 50-day simple moving average of $142.54 and a 200 day simple moving average of $119.18. The company has a market cap of $67.88 billion, a PE ratio of 85.05, a P/E/G ratio of 1.55 and a beta of 1.84.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.12. Vertiv had a net margin of 8.93% and a return on equity of 51.64%. The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the prior year, the firm earned $0.67 EPS. The company’s revenue for the quarter was up 35.1% compared to the same quarter last year. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. On average, sell-side analysts anticipate that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Investors 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 of this dividend was Monday, September 15th. Vertiv’s dividend payout ratio is 7.18%.

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.