Concorde Asset Management LLC Buys Shares of 7,641 Vertiv Holdings Co. $VRT

Key Points

• Concorde Asset Management LLC purchased a new position in Vertiv Holdings Co., acquiring 7,641 shares valued at approximately $556,000 in the first quarter.
• Analysts have given Vertiv a consensus rating of "Moderate Buy" with a target price of $142.00, with recent upgrades from firms including JPMorgan Chase increasing their target from $127.00 to $150.00.
• Vertiv recently declared a quarterly dividend of $0.0375 per share, representing a 0.1% dividend yield, with plans to pay it on September 25th.

Concorde Asset Management LLC acquired a new position in Vertiv Holdings Co. (NYSE:VRT - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 7,641 shares of the company's stock, valued at approximately $556,000.

Several other institutional investors have also recently made changes to their positions in VRT. Aptus Capital Advisors LLC bought a new position in shares of Vertiv in the fourth quarter worth about $218,000. Benjamin Edwards Inc. raised its stake in shares of Vertiv by 21.2% in the fourth quarter. Benjamin Edwards Inc. now owns 2,558 shares of the company's stock worth $291,000 after buying an additional 448 shares during the period. Caxton Associates LP bought a new position in shares of Vertiv in the fourth quarter worth about $483,000. Captrust Financial Advisors raised its stake in shares of Vertiv by 31.3% in the fourth quarter. Captrust Financial Advisors now owns 72,554 shares of the company's stock worth $8,243,000 after buying an additional 17,276 shares during the period. Finally, Brevan Howard Capital Management LP bought a new position in shares of Vertiv in the fourth quarter worth about $1,515,000. Institutional investors own 89.92% of the company's stock.

Insider Activity

In related news, insider Karsten Winther sold 41,654 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the insider directly owned 18,848 shares of the company's stock, valued at approximately $2,529,590.08. This trade represents a 68.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul Ryan sold 22,218 shares of the firm's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $127.34, for a total value of $2,829,240.12. Following the sale, the insider directly owned 12,803 shares of the company's stock, valued at $1,630,334.02. This represents a 63.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 165,272 shares of company stock valued at $21,417,505 in the last ninety days. Insiders own 2.63% of the company's stock.

Vertiv Price Performance

NYSE VRT traded down $1.68 during trading on Friday, hitting $124.02. 7,717,454 shares of the stock traded hands, compared to its average volume of 5,678,286. The company has a market capitalization of $47.36 billion, a P/E ratio of 59.34, a price-to-earnings-growth ratio of 1.09 and a beta of 1.78. The firm has a 50-day simple moving average of $131.26 and a 200-day simple moving average of $106.53. 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 12-month low of $53.60 and a 12-month high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.12. The business 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 firm's revenue for the quarter was up 35.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.67 EPS. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. As a group, analysts predict that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Monday, September 15th will be paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Monday, September 15th. Vertiv's dividend payout ratio (DPR) is presently 7.18%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Wolfe Research reaffirmed an "outperform" rating and issued a $155.00 price objective on shares of Vertiv in a research note on Thursday, July 10th. Morgan Stanley reiterated an "overweight" rating on shares of Vertiv in a research report on Sunday, August 10th. Oppenheimer increased their target price on Vertiv from $140.00 to $151.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. William Blair initiated coverage on Vertiv in a research report on Monday, July 28th. They set an "outperform" rating for the company. Finally, JPMorgan Chase & Co. increased their target price on Vertiv from $127.00 to $150.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $142.00.

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.