Vertiv Holdings Co. $VRT Shares Bought by OLD National Bancorp IN

by · The Cerbat Gem

OLD National Bancorp IN grew its position in Vertiv Holdings Co. (NYSE:VRT – Free Report) by 544.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 40,492 shares of the company’s stock after purchasing an additional 34,213 shares during the period. OLD National Bancorp IN’s holdings in Vertiv were worth $6,109,000 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 business. Promus Capital LLC acquired a new stake in Vertiv in the 2nd quarter valued at about $26,000. Avion Wealth lifted its holdings in shares of Vertiv by 99.1% in the second quarter. Avion Wealth now owns 213 shares of the company’s stock valued at $27,000 after purchasing an additional 106 shares in the last quarter. OLD Point Trust & Financial Services N A purchased a new stake in shares of Vertiv in the second quarter valued at about $32,000. Banque Transatlantique SA acquired a new stake in shares of Vertiv in the first quarter valued at approximately $33,000. Finally, DiNuzzo Private Wealth Inc. increased its stake in shares of Vertiv by 780.0% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 264 shares of the company’s stock worth $34,000 after purchasing an additional 234 shares in the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Evercore ISI lifted their price objective on Vertiv from $180.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, October 20th. Mizuho raised their price target on Vertiv from $165.00 to $198.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. The Goldman Sachs Group boosted their price target on Vertiv from $182.00 to $204.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. TD Cowen increased their price objective on Vertiv from $162.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Finally, Royal Bank Of Canada lifted their price objective on Vertiv from $191.00 to $196.00 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. Two analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $180.48.

Get Our Latest Analysis on VRT

Insider Activity

In related news, EVP Stephen Liang sold 5,501 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $170.48, for a total value of $937,810.48. Following the sale, the executive vice president directly owned 4,050 shares of the company’s stock, valued at approximately $690,444. This trade represents a 57.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.01% of the company’s stock.

Vertiv Trading Down 0.0%

Shares of Vertiv stock opened at $166.19 on Wednesday. Vertiv Holdings Co. has a fifty-two week low of $53.60 and a fifty-two week high of $202.45. The business’s fifty day moving average is $175.83 and its two-hundred day moving average is $148.88. The company has a quick ratio of 1.43, a current ratio of 1.83 and a debt-to-equity ratio of 0.83. The firm has a market cap of $63.54 billion, a PE ratio of 62.71, a P/E/G ratio of 1.34 and a beta of 2.03.

Vertiv (NYSE:VRT – Get Free Report) last released its earnings results on Wednesday, October 22nd. The company reported $1.24 EPS for the quarter, beating the consensus estimate of $0.99 by $0.25. Vertiv had a return on equity of 50.82% and a net margin of 10.67%.The firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.59 billion. During the same period in the prior year, the firm posted $0.76 earnings per share. The business’s quarterly revenue was up 29.0% compared to the same quarter last year. Vertiv has set its Q4 2025 guidance at 1.230-1.290 EPS and its FY 2025 guidance at 4.070-4.130 EPS. Analysts anticipate that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Tuesday, November 25th were issued a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Tuesday, November 25th. This is an increase from Vertiv’s previous quarterly dividend of $0.04. Vertiv’s payout ratio is currently 9.43%.

Vertiv Company Profile

(Free Report)

Vertiv is a global provider of critical digital infrastructure and continuity solutions for data centers, communication networks and commercial and industrial environments. Headquartered in Columbus, Ohio, the company designs, manufactures and services equipment and software that support power availability, thermal management and IT infrastructure management for a broad set of end markets, including hyperscale and enterprise data centers, colocation providers, telecom operators and industrial customers.

The company’s product portfolio includes uninterruptible power supplies (UPS), power distribution units (PDUs), battery and DC power systems, precision cooling and thermal management equipment, racks and enclosures, and integrated modular infrastructure.

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