Chokshi & Queen Wealth Advisors Inc Cuts Holdings in Vertiv Holdings Co. $VRT

Chokshi & Queen Wealth Advisors Inc decreased its stake in shares of Vertiv Holdings Co. (NYSE:VRT) by 13.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 5,900 shares of the company’s stock after selling 880 shares during the period. Vertiv accounts for approximately 0.4% of Chokshi & Queen Wealth Advisors Inc’s portfolio, making the stock its 28th biggest position. Chokshi & Queen Wealth Advisors Inc’s holdings in Vertiv were worth $758,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of VRT. PFG Investments LLC increased its holdings in Vertiv by 44.3% during the 1st quarter. PFG Investments LLC now owns 7,836 shares of the company’s stock worth $566,000 after purchasing an additional 2,404 shares during the period. Kentucky Retirement Systems purchased a new stake in Vertiv during the 1st quarter worth about $1,765,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Vertiv during the 1st quarter worth about $752,000. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Vertiv by 40.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 91,355 shares of the company’s stock valued at $6,596,000 after acquiring an additional 26,154 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its holdings in shares of Vertiv by 4.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 133,870 shares of the company’s stock valued at $9,665,000 after acquiring an additional 5,852 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Insider Buying and Selling

In other Vertiv news, 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 transaction 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 approximately $17,095,957.26. This trade represents a 42.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 sale, the director directly owned 4,631 shares of the company’s stock, valued at $573,873.52. The trade was a 77.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 180,952 shares of company stock valued at $23,360,571 over the last 90 days. Insiders own 5.01% of the company’s stock.

Vertiv Stock Down 0.6%

Shares of NYSE VRT opened at $174.74 on Wednesday. The stock has a market cap of $66.73 billion, a PE ratio of 83.61, a price-to-earnings-growth ratio of 1.51 and a beta of 1.84. 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 52-week low of $53.60 and a 52-week high of $184.44. The business has a 50-day moving average price of $144.56 and a 200 day moving average price of $121.71.

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

Vertiv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Monday, September 15th were given a $0.0375 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.1%. Vertiv’s dividend payout ratio is 7.18%.

Wall Street Analysts Forecast Growth

VRT has been the topic of a number of recent analyst reports. Rothschild & Co Redburn initiated coverage on Vertiv in a report on Wednesday, August 20th. They issued a “neutral” rating and a $135.00 price objective on the stock. Deutsche Bank Aktiengesellschaft set a $216.00 price objective on Vertiv and gave the company a “buy” rating in a report on Wednesday, October 15th. Roth Capital reiterated a “buy” rating and issued a $195.00 price objective (up previously from $162.00) on shares of Vertiv in a report on Tuesday. Oppenheimer increased their price objective on Vertiv from $151.00 to $190.00 and gave the company an “outperform” rating in a report on Tuesday, October 14th. Finally, Weiss Ratings downgraded Vertiv from a “buy (b)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $162.95.

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.