6,632 Vertiv Holdings Co. $VRT Shares Sold by Castle Rock Wealth Management LLC

Castle Rock Wealth Management LLC reduced its holdings in Vertiv Holdings Co. (NYSE:VRT) by 42.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 9,128 shares of the company’s stock after selling 6,632 shares during the quarter. Castle Rock Wealth Management LLC’s holdings in Vertiv were worth $2,311,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of Vertiv by 4.5% in the 2nd quarter. State Street Corp now owns 16,531,530 shares of the company’s stock valued at $5,535,087,000 after acquiring an additional 704,970 shares in the last quarter. Wellington Management Group LLP raised its holdings in Vertiv by 14.1% during the second quarter. Wellington Management Group LLP now owns 3,794,360 shares of the company’s stock worth $1,270,428,000 after acquiring an additional 468,380 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Vertiv by 1.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,709,276 shares of the company’s stock worth $678,890,000 after acquiring an additional 51,328 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Vertiv by 33.7% during the first quarter. Bank of New York Mellon Corp now owns 2,410,642 shares of the company’s stock valued at $604,059,000 after purchasing an additional 608,176 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in Vertiv by 1.1% during the second quarter. Legal & General Group Plc now owns 2,138,967 shares of the company’s stock valued at $716,169,000 after purchasing an additional 23,444 shares during the last quarter. 89.92% of the stock is owned by institutional investors.

Vertiv Stock Performance

Shares of NYSE VRT traded down $0.82 during midday trading on Friday, hitting $242.91. 3,421,372 shares of the company’s stock were exchanged, compared to its average volume of 6,360,859. The company has a quick ratio of 1.03, a current ratio of 1.38 and a debt-to-equity ratio of 0.62. Vertiv Holdings Co. has a 12 month low of $147.82 and a 12 month high of $379.93. The company’s 50 day moving average price is $260.50 and its 200 day moving average price is $290.04. The firm has a market capitalization of $93.52 billion, a PE ratio of 54.96, a price-to-earnings-growth ratio of 0.92 and a beta of 2.05.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.09. Vertiv had a return on equity of 50.47% and a net margin of 15.09%.The business had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $3.38 billion. During the same quarter in the prior year, the business earned $0.95 EPS. The firm’s revenue for the quarter was up 24.1% on a year-over-year basis. Vertiv has set its Q3 2026 guidance at 1.770-1.830 EPS and its FY 2026 guidance at 6.650-6.750 EPS. As a group, analysts predict that Vertiv Holdings Co. will post 6.73 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Monday, September 14th were paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Monday, September 14th. Vertiv’s dividend payout ratio (DPR) is currently 5.66%.

Analyst Ratings Changes

VRT has been the topic of several recent analyst reports. Weiss Ratings lowered Vertiv from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, August 14th. Evercore set a $375.00 target price on shares of Vertiv in a research note on Wednesday, July 29th. Piper Sandler set a $375.00 target price on shares of Vertiv in a report on Wednesday, July 29th. KeyCorp dropped their price target on shares of Vertiv from $360.00 to $325.00 and set an “overweight” rating on the stock in a research report on Thursday, July 30th. Finally, Zacks Research cut shares of Vertiv from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Vertiv presently has a consensus rating of “Moderate Buy” and a consensus price target of $348.24.

Insider Activity

In related news, Director Edward Monser sold 15,287 shares of Vertiv stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $253.82, for a total transaction of $3,880,146.34. Following the completion of the sale, the director owned 16,500 shares of the company’s stock, valued at approximately $4,188,030. The trade was a 48.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.10% of the company’s stock.

Vertiv Profile

Vertiv Holdings Co provides digital infrastructure and continuity solutions for data centers, communication networks, and other technology-intensive facilities. The company helps customers design, build, operate, and maintain infrastructure that supports the availability, performance, and efficiency of critical digital systems.

Its product portfolio includes power management and distribution equipment, uninterruptible power supplies, switchgear, busways, racks, integrated modular systems, and data center infrastructure.