Simon Quick Advisors LLC Reduces Stake in Vertiv Holdings Co. $VRT

Simon Quick Advisors LLC lowered its holdings in Vertiv Holdings Co. (NYSE:VRT) by 11.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 10,594 shares of the company’s stock after selling 1,433 shares during the quarter. Simon Quick Advisors LLC’s holdings in Vertiv were worth $1,360,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. FengHe Fund Management Pte. Ltd. purchased a new position in Vertiv during the 1st quarter worth approximately $33,389,000. Nordea Investment Management AB grew its stake in Vertiv by 100.1% during the 2nd quarter. Nordea Investment Management AB now owns 3,246,769 shares of the company’s stock worth $415,132,000 after buying an additional 1,624,456 shares during the last quarter. Fox Run Management L.L.C. grew its stake in Vertiv by 449.9% during the 1st quarter. Fox Run Management L.L.C. now owns 21,545 shares of the company’s stock worth $1,556,000 after buying an additional 17,627 shares during the last quarter. Trilogy Capital Inc. purchased a new position in Vertiv during the 2nd quarter worth approximately $2,790,000. Finally, Maxi Investments CY Ltd grew its stake in Vertiv by 160.3% during the 1st quarter. Maxi Investments CY Ltd now owns 26,025 shares of the company’s stock worth $1,879,000 after buying an additional 16,025 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on VRT. William Blair began coverage on Vertiv in a research note on Monday, July 28th. They set an “outperform” rating on the stock. JPMorgan Chase & Co. lifted their target price on Vertiv from $150.00 to $206.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Morgan Stanley lifted their target price on Vertiv from $165.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. Rothschild Redb upgraded Vertiv to a “hold” rating in a research note on Wednesday, August 20th. Finally, Cowen set a $210.00 target price on Vertiv in a research note on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $177.81.

Insiders Place Their Bets

In other news, insider Paul Ryan sold 22,218 shares of the firm’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 directly owned 12,803 shares of the company’s stock, valued at $1,630,334.02. This trade represents a 63.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven Reinemund sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $128.22, for a total value of $12,822,000.00. Following the completion of the sale, the director directly owned 133,333 shares of the company’s stock, valued at $17,095,957.26. This represents a 42.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 180,952 shares of company stock valued at $23,360,571 over the last 90 days. 2.63% of the stock is owned by corporate insiders.

Vertiv Stock Down 3.0%

VRT opened at $193.32 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.83 and a quick ratio of 1.43. The business has a 50 day simple moving average of $152.45 and a 200-day simple moving average of $127.57. The stock has a market capitalization of $73.82 billion, a P/E ratio of 72.95, a P/E/G ratio of 1.62 and a beta of 1.84. Vertiv Holdings Co. has a 12 month low of $53.60 and a 12 month high of $202.45.

Vertiv (NYSE:VRT) last posted its quarterly earnings results 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 analysts’ expectations of $2.59 billion. Vertiv had a return on equity of 50.82% and a net margin of 10.67%.The company’s quarterly revenue was up 29.0% compared to the same quarter last year. During the same period last year, the firm earned $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. On average, equities analysts anticipate that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Stockholders 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 of this dividend was Monday, September 15th. Vertiv’s dividend payout ratio (DPR) is currently 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.