Vertiv Holdings Co. $VRT Shares Sold by Itau Unibanco Holding S.A.

Itau Unibanco Holding S.A. decreased its stake in shares of Vertiv Holdings Co. (NYSE:VRT) by 96.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 331 shares of the company’s stock after selling 9,538 shares during the quarter. Itau Unibanco Holding S.A.’s holdings in Vertiv were worth $43,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Larson Financial Group LLC increased its position in shares of Vertiv by 114.3% in the 1st quarter. Larson Financial Group LLC now owns 2,347 shares of the company’s stock valued at $169,000 after acquiring an additional 1,252 shares during the period. Kingsview Wealth Management LLC grew its stake in Vertiv by 14.2% during the 1st quarter. Kingsview Wealth Management LLC now owns 6,705 shares of the company’s stock valued at $484,000 after purchasing an additional 832 shares during the last quarter. Forum Financial Management LP increased its holdings in shares of Vertiv by 5.4% in the first quarter. Forum Financial Management LP now owns 2,852 shares of the company’s stock valued at $206,000 after purchasing an additional 147 shares during the period. Private Advisor Group LLC raised its stake in shares of Vertiv by 70.8% in the first quarter. Private Advisor Group LLC now owns 88,064 shares of the company’s stock worth $6,358,000 after purchasing an additional 36,492 shares during the last quarter. Finally, Mosaic Advisors LLC purchased a new position in shares of Vertiv in the first quarter worth about $641,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. TD Cowen increased their price target on shares of Vertiv from $162.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft set a $216.00 price objective on shares of Vertiv and gave the company a “buy” rating in a report on Wednesday, October 15th. Citigroup raised their target price on shares of Vertiv from $192.00 to $198.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Morgan Stanley boosted their target price on shares of Vertiv from $165.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. Finally, Zacks Research raised Vertiv from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $177.81.

Insider Transactions at Vertiv

In related news, Director Steven Reinemund sold 100,000 shares of the business’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $128.22, for a total transaction of $12,822,000.00. Following the transaction, the director directly owned 133,333 shares in the company, valued at approximately $17,095,957.26. The trade was a 42.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jakki L. Haussler sold 15,680 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $123.92, for a total transaction of $1,943,065.60. Following the completion of the sale, the director owned 4,631 shares of the company’s stock, valued at approximately $573,873.52. The trade was a 77.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 139,298 shares of company stock valued at $17,770,188 over the last 90 days. 5.01% of the stock is currently owned by corporate insiders.

Vertiv Trading Up 4.3%

VRT stock opened at $170.66 on Monday. Vertiv Holdings Co. has a 12-month low of $53.60 and a 12-month high of $202.45. The business’s 50-day moving average is $164.34 and its 200 day moving average is $136.30. The company has a current ratio of 1.83, a quick ratio of 1.43 and a debt-to-equity ratio of 0.83. The stock has a market cap of $65.25 billion, a price-to-earnings ratio of 64.40, a PEG ratio of 1.39 and a beta of 1.87.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, October 22nd. The company reported $1.24 EPS for the quarter, beating analysts’ consensus estimates 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 business’s revenue was up 29.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.76 earnings per share. 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 anticipate that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Tuesday, November 25th will be paid a dividend of $0.0625 per share. This is a boost from Vertiv’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $0.25 annualized dividend and a yield of 0.1%. Vertiv’s dividend payout ratio is presently 5.66%.

Vertiv 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.