First American Bank Sells 2,075 Shares of Vertiv Holdings Co. $VRT

Key Points

• First American Bank decreased its holdings in Vertiv Holdings Co. by selling 2,075 shares, bringing their total ownership to 68,039 shares worth approximately $8.74 million.
• Vertiv reported a 35.1% year-over-year increase in revenue, amounting to $2.64 billion, and announced an earnings per share (EPS) of $0.95 for the last quarter, exceeding analysts' expectations.
• Institutional investors heavily influence Vertiv's stock, with 89.92% of shares owned by such entities, including significant increases in holdings by firms like Amundi and Vanguard.

First American Bank trimmed its position in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 3.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,039 shares of the company's stock after selling 2,075 shares during the period. First American Bank's holdings in Vertiv were worth $8,737,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in VRT. Amundi boosted its stake in Vertiv by 96.8% during the 1st quarter. Amundi now owns 6,951,773 shares of the company's stock valued at $469,490,000 after purchasing an additional 3,420,144 shares during the period. 1832 Asset Management L.P. lifted its holdings in shares of Vertiv by 985.3% during the first quarter. 1832 Asset Management L.P. now owns 2,301,700 shares of the company's stock worth $166,183,000 after buying an additional 2,089,612 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Vertiv by 3.7% in the first quarter. Vanguard Group Inc. now owns 37,715,159 shares of the company's stock valued at $2,723,034,000 after acquiring an additional 1,359,070 shares during the period. Nuveen LLC acquired a new stake in shares of Vertiv in the first quarter worth $77,820,000. Finally, Fred Alger Management LLC grew its stake in shares of Vertiv by 19.6% in the first 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 during the last quarter. 89.92% of the stock is currently owned by institutional investors.

Vertiv Trading Down 0.9%

VRT stock opened at $138.57 on Friday. Vertiv Holdings Co. has a 1-year low of $53.60 and a 1-year high of $155.84. 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 business's 50 day moving average is $134.71 and its 200-day moving average is $111.38. The firm has a market cap of $52.92 billion, a P/E ratio of 66.30, a P/E/G ratio of 1.23 and a beta of 1.78.

Vertiv (NYSE:VRT - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.83 by $0.12. Vertiv had a return on equity of 51.64% and a net margin of 8.93%.The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter last year, the company earned $0.67 EPS. Vertiv's revenue was up 35.1% on a year-over-year basis. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. Equities analysts anticipate that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Monday, September 15th were issued a $0.0375 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.15 annualized dividend and a dividend yield of 0.1%. Vertiv's dividend payout ratio is presently 7.18%.

Insider Activity

In related news, insider Paul Ryan sold 22,218 shares of Vertiv 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 completion of the transaction, the insider directly owned 12,803 shares of the company's stock, valued at $1,630,334.02. This trade represents a 63.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Karsten Winther sold 41,654 shares of the company's 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 directly owned 18,848 shares in the company, valued at $2,529,590.08. This represents a 68.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 180,952 shares of company stock worth $23,360,571. Company insiders own 2.63% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on VRT shares. Morgan Stanley reiterated an "overweight" rating on shares of Vertiv in a research note on Sunday, August 10th. Zacks Research raised shares of Vertiv to a "strong-buy" rating in a research report on Monday, August 11th. Melius Research raised Vertiv from a "hold" rating to a "strong-buy" rating and lifted their target price for the stock from $134.00 to $165.00 in a research report on Tuesday, July 8th. The Goldman Sachs Group restated a "buy" rating on shares of Vertiv in a research note on Friday, July 11th. Finally, Wolfe Research reiterated an "outperform" rating and issued a $155.00 price objective on shares of Vertiv in a research report on Thursday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $142.25.

About Vertiv

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.

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).

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.