BOCHK Asset Management Ltd Buys 1,900 Shares of Vertiv Holdings Co. $VRT

Key Points

• BOCHK Asset Management Ltd increased its holdings in Vertiv Holdings Co. by 172.7%, acquiring an additional 1,900 shares, now owning a total of 3,000 shares valued at $385,000.
• Insiders at Vertiv have sold significant amounts of stock recently, with Paul Ryan and Steven Reinemund selling 22,218 and 100,000 shares respectively, representing decreases in their ownership of 63.44% and 42.86%.
• Vertiv reported better-than-expected quarterly earnings with an EPS of $0.95, beating estimates and showing a 35.1% year-over-year revenue increase, totaling $2.64 billion.

BOCHK Asset Management Ltd lifted its position in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 172.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,000 shares of the company's stock after purchasing an additional 1,900 shares during the period. BOCHK Asset Management Ltd's holdings in Vertiv were worth $385,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Vertiv by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 37,715,159 shares of the company's stock worth $2,723,034,000 after buying an additional 1,359,070 shares in the last quarter. Amundi lifted its stake in Vertiv by 96.8% in the first quarter. Amundi now owns 6,951,773 shares of the company's stock worth $469,490,000 after acquiring an additional 3,420,144 shares during the period. Fred Alger Management LLC grew its holdings in Vertiv by 19.6% during the 1st quarter. Fred Alger Management LLC now owns 3,496,060 shares of the company's stock worth $252,416,000 after acquiring an additional 572,545 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Vertiv by 6.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,839,864 shares of the company's stock valued at $205,085,000 after purchasing an additional 182,937 shares during the period. Finally, 1832 Asset Management L.P. increased its position in Vertiv by 985.3% during the 1st quarter. 1832 Asset Management L.P. now owns 2,301,700 shares of the company's stock valued at $166,183,000 after purchasing an additional 2,089,612 shares during the period. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on VRT. Evercore ISI reaffirmed an "outperform" rating on shares of Vertiv in a research report on Thursday, July 10th. UBS Group boosted their price objective on shares of Vertiv from $135.00 to $173.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Wolfe Research reaffirmed an "outperform" rating and set a $155.00 target price on shares of Vertiv in a research report on Thursday, July 10th. Glj Research assumed coverage on Vertiv in a report on Tuesday, August 19th. They issued a "sell" rating and a $112.00 price target on the stock. Finally, Rothschild & Co Redburn started coverage on Vertiv in a research note on Wednesday, August 20th. They set a "neutral" rating and a $135.00 price objective for the company. 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.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $144.95.

Insider Activity at Vertiv

In other news, insider Paul Ryan sold 22,218 shares of Vertiv 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 completion of the sale, the insider directly owned 12,803 shares in the company, valued at approximately $1,630,334.02. The trade was a 63.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through 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 completion of the transaction, the director owned 133,333 shares of the company's stock, valued at $17,095,957.26. This trade represents a 42.86% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 180,952 shares of company stock worth $23,360,571. Corporate insiders own 2.63% of the company's stock.

Vertiv Stock Up 7.2%

Vertiv stock opened at $161.69 on Thursday. The business has a fifty day moving average price of $136.19 and a 200-day moving average price of $112.76. Vertiv Holdings Co. has a 1-year low of $53.60 and a 1-year high of $162.23. The stock has a market capitalization of $61.74 billion, a price-to-earnings ratio of 77.36, a PEG ratio of 1.33 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.

Vertiv (NYSE:VRT - Get Free Report) last released 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 company had revenue of $2.64 billion during the quarter, compared to analysts' expectations of $2.36 billion. During the same period last year, the business posted $0.67 earnings per share. The firm's revenue was up 35.1% compared to the same quarter last year. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. Equities research analysts forecast that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

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

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.

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