Hancock Whitney Corp Buys Shares of 66,632 Vertiv Holdings Co. $VRT

Key Points

• Hancock Whitney Corp purchased 66,632 shares of Vertiv Holdings Co. for approximately $4.81 million in the first quarter, reflecting growing institutional interest in the company.
• Insider transactions were notable, with Karsten Winther and Paul Ryan selling significant shares, reducing their ownership by 68.85% and 63.44%, respectively.
• Vertiv reported a strong earnings quarter, with a net margin of 8.93% and year-over-year revenue growth of 35.1%, as it continues to attract positive ratings from analysts.

Hancock Whitney Corp bought a new position in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 66,632 shares of the company's stock, valued at approximately $4,811,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VRT. Aptus Capital Advisors LLC acquired a new stake in Vertiv during the 4th quarter valued at $218,000. Benjamin Edwards Inc. grew its holdings in Vertiv by 21.2% during the 4th quarter. Benjamin Edwards Inc. now owns 2,558 shares of the company's stock valued at $291,000 after buying an additional 448 shares during the last quarter. Caxton Associates LP acquired a new stake in Vertiv during the 4th quarter valued at $483,000. Captrust Financial Advisors grew its holdings in Vertiv by 31.3% during the 4th quarter. Captrust Financial Advisors now owns 72,554 shares of the company's stock valued at $8,243,000 after buying an additional 17,276 shares during the last quarter. Finally, Brevan Howard Capital Management LP acquired a new stake in Vertiv during the 4th quarter valued at $1,515,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on VRT. Bank of America increased their target price on Vertiv from $140.00 to $150.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Wall Street Zen raised Vertiv from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 21st. Roth Capital increased their price target on Vertiv from $100.00 to $157.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Wolfe Research reissued an "outperform" rating and set a $155.00 price objective on shares of Vertiv in a research note on Thursday, July 10th. Finally, Morgan Stanley reissued an "overweight" rating on shares of Vertiv in a research note on Sunday, August 10th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $142.00.

Vertiv Stock Down 1.3%

Shares of NYSE:VRT traded down $1.68 during midday trading on Friday, reaching $124.02. The company had a trading volume of 7,717,454 shares, compared to its average volume of 5,678,286. 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 stock's fifty day moving average price is $131.26 and its 200-day moving average price is $106.53. The stock has a market capitalization of $47.36 billion, a P/E ratio of 59.34, a PEG ratio of 1.09 and a beta of 1.78. Vertiv Holdings Co. has a one year low of $53.60 and a one year high of $155.84.

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

Vertiv Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Monday, September 15th. Vertiv's dividend payout ratio is 7.18%.

Insiders Place Their Bets

In other Vertiv news, insider Paul Ryan sold 22,218 shares of the stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $127.34, for a total transaction of $2,829,240.12. Following the sale, the insider directly owned 12,803 shares of the company's stock, valued at approximately $1,630,334.02. This represents a 63.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Karsten Winther sold 41,654 shares of the stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $134.21, for a total transaction of $5,590,383.34. Following the sale, the insider directly owned 18,848 shares in the company, valued at $2,529,590.08. This trade represents a 68.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 165,272 shares of company stock valued at $21,417,505. Company insiders own 2.63% of the company's stock.

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.