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1,767 Shares in Vertiv Holdings Co. $VRT Acquired by MBL Wealth LLC

Vertiv logo with Computer and Technology background

Key Points

  • MBL Wealth LLC has acquired 1,767 shares of Vertiv Holdings Co., valued at approximately $227,000, highlighting increasing interest from institutional investors in the company.
  • Insider trades show significant selling activity, with director Steven Reinemund selling 100,000 shares worth over $12 million, indicating a decrease in personal holdings in the company.
  • Vertiv reported a 35.1% year-over-year revenue increase in its latest quarterly earnings, surpassing analysts' expectations with a revenue of $2.64 billion and an EPS of $0.95.
  • MarketBeat previews the top five stocks to own by November 1st.

MBL Wealth LLC purchased a new stake in Vertiv Holdings Co. (NYSE:VRT - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 1,767 shares of the company's stock, valued at approximately $227,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. DiNuzzo Private Wealth Inc. grew its position in Vertiv by 780.0% during the second quarter. DiNuzzo Private Wealth Inc. now owns 264 shares of the company's stock valued at $34,000 after acquiring an additional 234 shares during the period. Garde Capital Inc. lifted its stake in shares of Vertiv by 1,886.7% in the 2nd quarter. Garde Capital Inc. now owns 298 shares of the company's stock valued at $38,000 after purchasing an additional 283 shares in the last quarter. GW&K Investment Management LLC purchased a new stake in shares of Vertiv during the 1st quarter worth about $26,000. SouthState Corp acquired a new stake in Vertiv during the 1st quarter worth approximately $27,000. Finally, North Star Investment Management Corp. raised its holdings in Vertiv by 4,120.0% in the first quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock valued at $30,000 after buying an additional 412 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Weiss Ratings reiterated a "buy (b)" rating on shares of Vertiv in a research note on Saturday, September 27th. Mizuho upped their price target on shares of Vertiv from $125.00 to $150.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 16th. Evercore ISI reiterated an "outperform" rating on shares of Vertiv in a report on Thursday, July 10th. Barclays boosted their price objective on Vertiv from $128.00 to $145.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. increased their target price on Vertiv from $127.00 to $150.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $144.95.

Read Our Latest Analysis on VRT

Insider Activity at Vertiv

In other Vertiv news, insider Paul Ryan sold 22,218 shares of the stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $127.34, for a total transaction of $2,829,240.12. Following the transaction, the insider owned 12,803 shares of the company's stock, valued at $1,630,334.02. This trade represents a 63.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Steven Reinemund sold 100,000 shares of the firm's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $128.22, for a total value of $12,822,000.00. Following the transaction, the director owned 133,333 shares in the company, valued at $17,095,957.26. This trade represents a 42.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 180,952 shares of company stock valued at $23,360,571. Insiders own 5.01% of the company's stock.

Vertiv Stock Down 0.7%

Shares of Vertiv stock opened at $160.45 on Monday. Vertiv Holdings Co. has a 1-year low of $53.60 and a 1-year high of $168.99. The company has a market capitalization of $61.27 billion, a PE ratio of 76.77, a P/E/G ratio of 1.41 and a beta of 1.84. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.74 and a quick ratio of 1.35. The business has a 50-day moving average of $137.27 and a 200-day moving average of $114.13.

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

Vertiv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Monday, September 15th were issued a $0.0375 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.15 annualized dividend and a yield of 0.1%. Vertiv's dividend payout ratio is currently 7.18%.

About Vertiv

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Vertiv (NYSE:VRT)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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