Comerica Bank Sells 172,391 Shares of Vertiv Holdings Co. $VRT

Key Points

• Comerica Bank cut its holdings in Vertiv Holdings Co. by 54.1%, selling 172,391 shares during the first quarter, leaving it with 146,322 shares valued at approximately $10.56 million.
• Analysts have raised their price targets for Vertiv, with ratings now including two Strong Buy, eighteen Buy, and one Sell, indicating a consensus target price of $142.00.
• Vertiv recently increased its dividend to $0.0375 per share, representing a yield of 14.0%, a positive shift from its previous dividend of $0.01.

Comerica Bank lessened its holdings in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 54.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 146,322 shares of the company's stock after selling 172,391 shares during the quarter. Comerica Bank's holdings in Vertiv were worth $10,564,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Focus Partners Advisor Solutions LLC lifted its position in shares of Vertiv by 3.1% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 3,226 shares of the company's stock worth $367,000 after purchasing an additional 97 shares in the last quarter. Utah Retirement Systems raised its position in Vertiv by 0.3% during the fourth quarter. Utah Retirement Systems now owns 39,300 shares of the company's stock worth $4,465,000 after acquiring an additional 100 shares in the last quarter. Wahed Invest LLC raised its position in Vertiv by 1.2% during the fourth quarter. Wahed Invest LLC now owns 8,798 shares of the company's stock worth $1,000,000 after acquiring an additional 105 shares in the last quarter. Ellevest Inc. raised its position in Vertiv by 5.9% during the fourth quarter. Ellevest Inc. now owns 2,393 shares of the company's stock worth $272,000 after acquiring an additional 133 shares in the last quarter. Finally, Commerce Bank raised its position in Vertiv by 0.7% during the first quarter. Commerce Bank now owns 20,739 shares of the company's stock worth $1,497,000 after acquiring an additional 134 shares in the last quarter. Institutional investors own 89.92% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on VRT shares. Bank of America upped their price target 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. Oppenheimer upped their price target on shares of Vertiv from $140.00 to $151.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Melius raised shares of Vertiv from a "hold" rating to a "buy" rating and set a $165.00 price target on the stock in a research report on Tuesday, July 8th. Zacks Research raised shares of Vertiv to a "strong-buy" rating in a research report on Monday, August 11th. Finally, William Blair assumed coverage on shares of Vertiv in a research report on Monday, July 28th. They set an "outperform" rating on the stock. 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $142.00.

Vertiv Trading Up 2.4%

VRT stock opened at $128.02 on Wednesday. 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's 50-day simple moving average is $130.28 and its 200 day simple moving average is $105.73. Vertiv Holdings Co. has a 52 week low of $53.60 and a 52 week high of $155.84. The company has a market capitalization of $48.89 billion, a PE ratio of 61.25, a price-to-earnings-growth ratio of 1.10 and a beta of 1.77.

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 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 in the prior year, the company posted $0.67 earnings per share. Vertiv'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. As a group, sell-side analysts anticipate that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, June 26th. Shareholders of record on Tuesday, June 17th were paid a dividend of $0.0375 per share. The ex-dividend date was Monday, June 16th. This is a positive change from Vertiv's previous dividend of $0.01. This represents a yield of 14.0%. Vertiv's dividend payout ratio is currently 7.18%.

Insiders Place Their Bets

In other Vertiv news, insider Paul Ryan sold 22,218 shares of the stock in a transaction dated 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 sale, the insider directly owned 12,803 shares in the company, valued at $1,630,334.02. This represents a 63.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Karsten Winther sold 41,654 shares of the stock in a transaction dated 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 sale, the insider owned 18,848 shares in the company, valued at $2,529,590.08. The trade was a 68.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 108,955 shares of company stock worth $13,655,307 over the last ninety days. Corporate insiders own 5.01% of the company's stock.

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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