Boothe Investment Group Inc. Buys Shares of 28,111 Vertiv Holdings Co. $VRT

Key Points

• Boothe Investment Group Inc. purchased 28,111 shares of Vertiv Holdings Co., valued at approximately $3.61 million, making it the firm's 23rd largest position.
• Vertiv reported a quarterly earnings of $1.24 EPS, exceeding estimates and showing a 29% increase in revenue compared to the previous year.
• The company's stock has a market cap of $70.98 billion, with a twelve-month high of $188.89 and a current PE ratio of 70.14.

Boothe Investment Group Inc. bought a new stake in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 28,111 shares of the company's stock, valued at approximately $3,610,000. Vertiv accounts for about 1.4% of Boothe Investment Group Inc.'s investment portfolio, making the stock its 23rd largest position.

A number of other institutional investors have also added to or reduced their stakes in the business. Glass Jacobson Investment Advisors llc increased its position in Vertiv by 4.0% during the 2nd quarter. Glass Jacobson Investment Advisors llc now owns 2,218 shares of the company's stock valued at $285,000 after purchasing an additional 86 shares during the period. Washington Trust Advisors Inc. increased its position in Vertiv by 1,566.7% during the 2nd quarter. Washington Trust Advisors Inc. now owns 600 shares of the company's stock valued at $77,000 after purchasing an additional 564 shares during the period. AlphaQuest LLC increased its position in Vertiv by 51.7% during the 2nd quarter. AlphaQuest LLC now owns 760 shares of the company's stock valued at $98,000 after purchasing an additional 259 shares during the period. Jackson Hole Capital Partners LLC increased its position in Vertiv by 16.6% during the 2nd quarter. Jackson Hole Capital Partners LLC now owns 19,530 shares of the company's stock valued at $2,508,000 after purchasing an additional 2,774 shares during the period. Finally, Asset Management One Co. Ltd. increased its position in Vertiv by 4.8% during the 2nd quarter. Asset Management One Co. Ltd. now owns 140,317 shares of the company's stock valued at $18,018,000 after purchasing an additional 6,447 shares during the period. Hedge funds and other institutional investors own 89.92% of the company's stock.

Vertiv Stock Up 1.5%

NYSE:VRT opened at $185.87 on Friday. The company has a market cap of $70.98 billion, a PE ratio of 70.14, a P/E/G ratio of 1.47 and a beta of 1.84. Vertiv Holdings Co. has a twelve month low of $53.60 and a twelve month high of $188.89. The company has a current ratio of 1.83, a quick ratio of 1.35 and a debt-to-equity ratio of 0.83. The company's 50 day moving average is $147.30 and its two-hundred day moving average is $123.72.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings data on Wednesday, October 22nd. The company reported $1.24 EPS for the quarter, beating the consensus estimate of $0.99 by $0.25. Vertiv had a net margin of 10.67% and a return on equity of 50.82%. The business had revenue of $2.68 billion during the quarter, compared to analysts' expectations of $2.59 billion. During the same period in the previous year, the business posted $0.76 EPS. The business's quarterly revenue was up 29.0% compared to the same quarter last year. Vertiv has set its Q4 2025 guidance at 1.230-1.290 EPS. FY 2025 guidance at 4.070-4.130 EPS. Analysts anticipate that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The firm also recently disclosed 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. This represents a $0.15 annualized dividend and a yield of 0.1%. The ex-dividend date was Monday, September 15th. Vertiv's payout ratio is presently 7.18%.

Insider Buying and Selling at Vertiv

In related news, Director Steven Reinemund sold 100,000 shares of the business's stock in a transaction on Tuesday, August 26th. The shares were 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 in the company, valued at $17,095,957.26. The trade was a 42.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jakki L. Haussler sold 15,680 shares of the business's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $123.92, for a total transaction of $1,943,065.60. Following the completion of the transaction, the director owned 4,631 shares of the company's stock, valued at approximately $573,873.52. This represents a 77.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 180,952 shares of company stock valued at $23,360,571. 2.63% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

VRT has been the topic of a number of analyst reports. Rothschild Redb raised shares of Vertiv to a "hold" rating in a research report on Wednesday, August 20th. Cfra Research raised shares of Vertiv to a "moderate buy" rating in a research report on Tuesday, October 7th. Citigroup lifted their price objective on shares of Vertiv from $192.00 to $198.00 and gave the stock a "buy" rating in a research report on Thursday. Barclays lifted their price objective on shares of Vertiv from $145.00 to $170.00 and gave the stock an "equal weight" rating in a research report on Thursday. Finally, Melius raised shares of Vertiv from a "hold" rating to a "buy" rating and set a $165.00 target price on the stock in a research report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Vertiv presently has a consensus rating of "Moderate Buy" and a consensus price target of $177.81.

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.

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