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BostonPremier Wealth LLC Acquires New Position in Vertiv Holdings Co. $VRT

Vertiv logo with Computer and Technology background

Key Points

  • BostonPremier Wealth LLC acquired a new stake in Vertiv Holdings Co. (NYSE:VRT), purchasing 2,091 shares valued at approximately $268,000 during the second quarter.
  • Wall Street analysts have increased their price targets for Vertiv, with firms like JPMorgan Chase & Co. and Citigroup setting new price objectives as high as $151, reflecting a strong outlook for the stock.
  • Recent insider trading includes significant stock sales by directors, with one director selling 100,000 shares for over $12.8 million, indicating notable insider activity at the company.
  • Five stocks we like better than Vertiv.

BostonPremier Wealth LLC acquired a new stake in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,091 shares of the company's stock, valued at approximately $268,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. GTS Securities LLC increased its position in shares of Vertiv by 105.8% during the fourth quarter. GTS Securities LLC now owns 1,786 shares of the company's stock valued at $203,000 after acquiring an additional 32,729 shares in the last quarter. Toronto Dominion Bank boosted its stake in Vertiv by 7.1% during the 4th quarter. Toronto Dominion Bank now owns 46,629 shares of the company's stock valued at $5,298,000 after purchasing an additional 3,108 shares during the last quarter. Forum Financial Management LP bought a new stake in shares of Vertiv in the 4th quarter worth $307,000. Mackenzie Financial Corp raised its stake in shares of Vertiv by 24.5% in the fourth quarter. Mackenzie Financial Corp now owns 104,187 shares of the company's stock worth $11,837,000 after purchasing an additional 20,496 shares during the last quarter. Finally, Ameriflex Group Inc. bought a new position in shares of Vertiv during the fourth quarter valued at $37,000. Institutional investors own 89.92% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on VRT. JPMorgan Chase & Co. increased their price objective on Vertiv from $127.00 to $150.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Oppenheimer raised their price target on shares of Vertiv from $140.00 to $151.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Zacks Research raised shares of Vertiv to a "strong-buy" rating in a report on Monday, August 11th. Citigroup increased their price objective on shares of Vertiv from $130.00 to $149.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Finally, Bank of America lifted their target price on shares of Vertiv from $140.00 to $150.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $142.00.

Check Out Our Latest Report on VRT

Insider Buying and Selling

In other Vertiv news, Director Steven Reinemund sold 100,000 shares of the company's stock in a transaction dated 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 sale, the director owned 133,333 shares in the company, valued at $17,095,957.26. This represents a 42.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jakki L. Haussler sold 15,680 shares of Vertiv stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $123.92, for a total value of $1,943,065.60. Following the transaction, the director directly owned 4,631 shares in the company, valued at approximately $573,873.52. The trade was a 77.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 180,952 shares of company stock worth $23,360,571. Company insiders own 2.63% of the company's stock.

Vertiv Stock Performance

Shares of NYSE VRT opened at $141.76 on Thursday. The firm has a 50 day moving average of $134.35 and a 200 day moving average of $110.57. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $54.13 billion, a price-to-earnings ratio of 67.83, a price-to-earnings-growth ratio of 1.26 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 released its quarterly earnings results on Wednesday, July 30th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.12. Vertiv had a net margin of 8.93% and a return on equity of 51.64%. The business had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same period last year, the firm earned $0.67 earnings per share. The company's quarterly revenue was up 35.1% on a year-over-year basis. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. On average, research analysts anticipate that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

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

About Vertiv

(Free Report)

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.

See Also

Want to see what other hedge funds are holding VRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vertiv Holdings Co. (NYSE:VRT - Free Report).

Institutional Ownership by Quarter for Vertiv (NYSE:VRT)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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