Oppenheimer Asset Management Inc. Sells 4,928 Shares of Vertiv Holdings Co. $VRT

Oppenheimer Asset Management Inc. reduced its position in shares of Vertiv Holdings Co. (NYSE:VRT) by 18.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 21,143 shares of the company’s stock after selling 4,928 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Vertiv were worth $2,715,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in VRT. Amundi lifted its holdings in Vertiv by 96.8% during the 1st quarter. Amundi now owns 6,951,773 shares of the company’s stock valued at $469,490,000 after purchasing an additional 3,420,144 shares during the last quarter. 1832 Asset Management L.P. lifted its holdings in Vertiv by 985.3% during the 1st quarter. 1832 Asset Management L.P. now owns 2,301,700 shares of the company’s stock valued at $166,183,000 after purchasing an additional 2,089,612 shares during the last quarter. Nordea Investment Management AB lifted its holdings in Vertiv by 100.1% during the 2nd quarter. Nordea Investment Management AB now owns 3,246,769 shares of the company’s stock valued at $415,132,000 after purchasing an additional 1,624,456 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Vertiv by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 37,715,159 shares of the company’s stock valued at $2,723,034,000 after purchasing an additional 1,359,070 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of Vertiv in the first quarter worth about $77,820,000. 89.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

VRT has been the subject of a number of research analyst reports. Zacks Research downgraded shares of Vertiv from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 2nd. TD Cowen boosted their target price on shares of Vertiv from $162.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Melius Research raised shares of Vertiv from a “hold” rating to a “strong-buy” rating and boosted their target price for the stock from $134.00 to $165.00 in a research note on Tuesday, July 8th. Cfra Research raised shares of Vertiv to a “moderate buy” rating in a research note on Tuesday, October 7th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $195.00 target price (up from $162.00) on shares of Vertiv in a research note on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Vertiv presently has an average rating of “Moderate Buy” and an average price target of $177.81.

Vertiv Stock Up 4.6%

Shares of NYSE:VRT opened at $199.26 on Thursday. Vertiv Holdings Co. has a one year low of $53.60 and a one year high of $199.50. The company has a 50 day moving average of $151.12 and a 200-day moving average of $127.11. 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 stock has a market cap of $76.09 billion, a price-to-earnings ratio of 75.19, a P/E/G ratio of 1.55 and a beta of 1.84.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, October 22nd. The company reported $1.24 EPS for the quarter, topping the consensus estimate of $0.99 by $0.25. Vertiv had a net margin of 10.67% and a return on equity of 50.82%. The company had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same quarter in the previous year, the company earned $0.76 EPS. Vertiv’s revenue was up 29.0% on a year-over-year basis. Vertiv has set its Q4 2025 guidance at 1.230-1.290 EPS. FY 2025 guidance at 4.070-4.130 EPS. On average, sell-side analysts forecast that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Monday, September 15th were issued a dividend of $0.0375 per share. The ex-dividend date was Monday, September 15th. This represents a $0.15 dividend on an annualized basis and a yield of 0.1%. Vertiv’s payout ratio is currently 5.66%.

Insider Activity

In related news, insider Paul Ryan sold 22,218 shares of the business’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $127.34, for a total transaction of $2,829,240.12. Following the completion of the transaction, the insider owned 12,803 shares in the company, valued at approximately $1,630,334.02. The trade was a 63.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Karsten Winther sold 41,654 shares of the business’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $134.21, for a total transaction of $5,590,383.34. Following the transaction, the insider owned 18,848 shares of the company’s stock, valued at approximately $2,529,590.08. This represents a 68.85% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 180,952 shares of company stock worth $23,360,571 in the last ninety days. Company insiders own 2.63% of the company’s stock.

Vertiv Company 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.