Independence Bank of Kentucky Grows Stock Holdings in Vertiv Holdings Co. $VRT

Key Points

• Independence Bank of Kentucky increased its holdings in Vertiv Holdings Co. by 12.0%, owning 59,114 shares worth approximately $7.59 million as of the latest SEC filing.
• Vertiv recently reported quarterly earnings with an EPS of $0.95, surpassing estimates, and revenue of $2.64 billion, a 35.1% increase year-over-year.
• Majority of Vertiv's stock, 89.92%, is owned by hedge funds and institutional investors, with recent analyst ratings showing a consensus of "Moderate Buy" and an average target price of $142.25.

Independence Bank of Kentucky grew its holdings in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 12.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 59,114 shares of the company's stock after purchasing an additional 6,341 shares during the period. Vertiv makes up approximately 1.1% of Independence Bank of Kentucky's holdings, making the stock its 16th largest position. Independence Bank of Kentucky's holdings in Vertiv were worth $7,591,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. GW&K Investment Management LLC bought a new stake in shares of Vertiv during the first quarter valued at approximately $26,000. SouthState Corp bought a new stake in shares of Vertiv during the first quarter valued at approximately $27,000. North Star Investment Management Corp. increased its position in shares of Vertiv by 4,120.0% during the first quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock valued at $30,000 after acquiring an additional 412 shares in the last quarter. Sachetta LLC increased its position in shares of Vertiv by 242.0% during the first quarter. Sachetta LLC now owns 448 shares of the company's stock valued at $32,000 after acquiring an additional 317 shares in the last quarter. Finally, Banque Transatlantique SA bought a new stake in shares of Vertiv during the first quarter valued at approximately $33,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Vertiv Stock Down 0.9%

Shares of VRT stock opened at $138.57 on Monday. The stock has a market cap of $52.92 billion, a P/E ratio of 66.30, a PEG ratio of 1.22 and a beta of 1.78. Vertiv Holdings Co. has a 52 week low of $53.60 and a 52 week high of $155.84. The company has a quick ratio of 1.35, a current ratio of 1.74 and a debt-to-equity ratio of 0.93. The company's fifty day simple moving average is $134.71 and its two-hundred day simple moving average is $111.76.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly 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. The business had revenue of $2.64 billion for the quarter, compared to analysts' expectations of $2.36 billion. Vertiv had a net margin of 8.93% and a return on equity of 51.64%. The business's quarterly revenue was up 35.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.67 EPS. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. Analysts predict that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The firm 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 was Monday, September 15th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.1%. Vertiv's payout ratio is 7.18%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on VRT shares. Zacks Research raised shares of Vertiv to a "strong-buy" rating in a research report on Monday, August 11th. Melius Research raised shares of Vertiv from a "hold" rating to a "strong-buy" rating and raised their price target for the company from $134.00 to $165.00 in a research report on Tuesday, July 8th. Rothschild Redb raised shares of Vertiv to a "hold" rating in a research report on Wednesday, August 20th. Citigroup lifted their target price on shares of Vertiv from $130.00 to $149.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Finally, Wall Street Zen raised shares of Vertiv from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 21st. Two 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 given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $142.25.

Insider Buying and Selling at Vertiv

In other news, Director Steven Reinemund sold 100,000 shares of the business's stock in a transaction dated 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 sale, 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 filing with the SEC, which is available at the SEC website. Also, insider Karsten Winther sold 41,654 shares of the business'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 completion of the sale, the insider owned 18,848 shares in the company, valued at approximately $2,529,590.08. This trade represents a 68.85% 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. Corporate insiders own 5.01% of the company's stock.

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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