Vertiv Holdings Co. $VRT Shares Sold by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP reduced its position in Vertiv Holdings Co. (NYSE:VRT) by 49.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,727 shares of the company’s stock after selling 8,650 shares during the period. Fulcrum Asset Management LLP’s holdings in Vertiv were worth $2,167,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc raised its stake in shares of Vertiv by 3.0% during the 2nd quarter. Versant Capital Management Inc now owns 1,156 shares of the company’s stock worth $387,000 after acquiring an additional 34 shares in the last quarter. Pincus Capital Management LP lifted its position in Vertiv by 0.8% during the first quarter. Pincus Capital Management LP now owns 4,713 shares of the company’s stock valued at $1,181,000 after acquiring an additional 38 shares during the last quarter. Capital Advisors Inc. OK boosted its stake in Vertiv by 2.7% in the second quarter. Capital Advisors Inc. OK now owns 1,484 shares of the company’s stock valued at $497,000 after acquiring an additional 39 shares in the last quarter. Dogwood Wealth Management LLC boosted its stake in Vertiv by 23.5% in the second quarter. Dogwood Wealth Management LLC now owns 242 shares of the company’s stock valued at $81,000 after acquiring an additional 46 shares in the last quarter. Finally, Wealth Management Partners LLC boosted its stake in Vertiv by 0.4% in the third quarter. Wealth Management Partners LLC now owns 12,951 shares of the company’s stock valued at $3,125,000 after acquiring an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv News Summary

Here are the key news stories impacting Vertiv this week:

• Positive Sentiment: Vertiv reported third-quarter revenue growth of 61% and organic order growth of more than 100%, and raised its fourth-quarter and full-year guidance. The results point to strong demand for its data-center power and cooling systems. Does Earnings Beat Change The Bull Case For Vertiv Holdings Co (VRT)?
• Positive Sentiment: A three-year agreement with Infineon secures access to key power semiconductors, helping support Vertiv’s AI-focused systems and supply-chain needs. Vertiv Holdings Co (VRT) Secures Infineon Supply Deal, Is The Valuation Gap Still Compelling?
• Positive Sentiment: Anthropic’s disclosed plans for substantial computing and data-center commitments highlight potential longer-term demand for infrastructure providers such as Vertiv, which supplies cooling systems. Anthropic’s S-1 Says It Will Expand Its Data Center Footprint
• Neutral Sentiment: One market article included VRT among stocks with strong interest-coverage ratios and earnings-growth prospects, a potentially supportive sign of financial resilience. 4 Stocks with Impressive Interest Coverage Ratios to Buy Now
• Negative Sentiment: Vertiv has been caught in a broader retreat in AI-power stocks, giving back ground after a sector rally. That selling pressure suggests investors remain cautious about the group despite Vertiv’s strong operating results. GE Vernova, Vertiv, and Bloom Energy Just Lost 10% to 24% in a Week

Insider Activity at Vertiv

In other news, Director Edward Monser sold 15,287 shares of the business’s stock in a transaction on 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 sale, the director directly owned 16,500 shares of the company’s stock, valued at $4,188,030. The trade was a 48.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.10% of the company’s stock.

Vertiv Stock Performance

Shares of Vertiv stock opened at $193.93 on Wednesday. The company has a 50 day moving average price of $234.57 and a 200 day moving average price of $269.90. The firm has a market capitalization of $74.67 billion, a P/E ratio of 32.02, a PEG ratio of 0.64 and a beta of 2.11. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 0.53. Vertiv Holdings Co. has a 52 week low of $147.82 and a 52 week high of $379.93.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, October 28th. The company reported $2.21 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.39. The company had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $3.75 billion. Vertiv had a net margin of 15.99% and a return on equity of 53.31%. Vertiv’s revenue was up 61.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.24 EPS. Sell-side analysts expect that Vertiv Holdings Co. will post 7.17 EPS for the current year.

Vertiv Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Monday, September 14th. Vertiv’s payout ratio is presently 4.67%.

Wall Street Analyst Weigh In

VRT has been the topic of several analyst reports. HSBC cut their price target on shares of Vertiv from $376.00 to $365.00 and set a “buy” rating on the stock in a report on Friday, July 31st. TD Cowen increased their price objective on Vertiv from $356.00 to $357.00 and gave the company a “buy” rating in a report on Thursday, October 29th. Roth Capital set a $345.00 price objective on Vertiv in a research report on Thursday, October 29th. BNP Paribas Exane lowered their price objective on Vertiv from $380.00 to $365.00 and set an “outperform” rating for the company in a research report on Friday, July 31st. Finally, Weiss Ratings downgraded Vertiv from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Vertiv has an average rating of “Moderate Buy” and a consensus target price of $337.78.

Vertiv Profile

Vertiv Holdings Co. (NYSE: VRT) designs, manufactures and services critical digital infrastructure used by data centers, communications networks and commercial and industrial facilities. Its offerings help customers maintain reliable power, cooling and operating conditions for technology systems. The company’s products and solutions include uninterruptible power supplies, power distribution equipment, thermal management systems, racks, integrated modular infrastructure, and monitoring and control software.