Ashton Thomas Private Wealth LLC Buys New Position in Vertiv Holdings Co. $VRT

Key Points

• Ashton Thomas Private Wealth LLC acquired 9,681 shares of Vertiv Holdings Co., valued at approximately $699,000, highlighting increasing institutional interest in the company.
• Analysts have recently upgraded their ratings on Vertiv, with JPMorgan Chase raising the target price from $127 to $150, indicating strong market confidence.
• Vertiv has announced a quarterly dividend of $0.0375 per share, with an upcoming payout date on September 25th, demonstrating the company's commitment to returning value to shareholders.

Ashton Thomas Private Wealth LLC bought a new stake in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 9,681 shares of the company's stock, valued at approximately $699,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameriflex Group Inc. bought a new stake in Vertiv during the 4th quarter valued at approximately $37,000. GW&K Investment Management LLC purchased a new position in shares of Vertiv in the 1st quarter worth approximately $26,000. SouthState Corp purchased a new position in shares of Vertiv in the 1st quarter worth approximately $27,000. North Star Investment Management Corp. boosted its holdings in shares of Vertiv by 4,120.0% in the 1st quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock worth $30,000 after purchasing an additional 412 shares during the period. Finally, Sachetta LLC boosted its holdings in Vertiv by 242.0% during the 1st quarter. Sachetta LLC now owns 448 shares of the company's stock valued at $32,000 after acquiring an additional 317 shares during the period. Institutional investors own 89.92% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on VRT shares. Barclays set a $128.00 price objective on Vertiv and gave the company an "equal weight" rating in a report on Thursday, July 31st. Morgan Stanley restated an "overweight" rating on shares of Vertiv in a report on Sunday, August 10th. Glj Research started coverage on Vertiv in a report on Tuesday, August 19th. They set a "sell" rating and a $112.00 price objective for the company. Wolfe Research restated an "outperform" rating and set a $155.00 price objective on shares of Vertiv in a report on Thursday, July 10th. Finally, Bank of America lifted their target price on Vertiv from $140.00 to $150.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $142.00.

Vertiv Stock Down 0.6%

NYSE VRT traded down $0.81 on Friday, reaching $134.90. 4,063,625 shares of the stock traded hands, compared to its average volume of 6,334,653. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.35 and a current ratio of 1.74. The company has a fifty day moving average price of $131.73 and a 200-day moving average price of $107.73. The company has a market cap of $51.51 billion, a price-to-earnings ratio of 64.55, a PEG ratio of 1.20 and a beta of 1.78. 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 issued its earnings results on Wednesday, July 30th. The company reported $0.95 earnings per share for the quarter, beating 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 return on equity of 51.64% and a net margin of 8.93%.Vertiv's revenue was up 35.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.67 EPS. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. As a group, research 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 will be paid on Thursday, September 25th. Stockholders of record on Monday, September 15th will be given 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 payout ratio is presently 7.18%.

Insider Buying and Selling

In other news, insider Karsten Winther sold 41,654 shares of the business's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $134.21, for a total value of $5,590,383.34. Following the completion of the transaction, the insider directly owned 18,848 shares of the company's stock, valued at approximately $2,529,590.08. The trade was a 68.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Steven Reinemund sold 100,000 shares of the business'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 completion of the transaction, the director directly owned 133,333 shares of the company's stock, valued at approximately $17,095,957.26. The trade was a 42.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 180,952 shares of company stock valued at $23,360,571. 2.63% of the stock is currently owned by insiders.

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.