Novare Capital Management LLC Grows Stake in Vertiv Holdings Co. $VRT

Key Points

• Novare Capital Management LLC increased its stake in Vertiv Holdings Co. by 156.6% during the second quarter, now holding 12,290 shares valued at $1,578,000.
• Analysts have mixed opinions on Vertiv, with Barclays raising its price target to $145 while Zacks downgraded it from "strong-buy" to "hold"; the consensus rating remains "Moderate Buy" with a target of $160.30.
• Vertiv reported strong quarterly earnings with an EPS of $0.95, exceeding expectations, and a year-over-year revenue increase of 35.1%, indicating robust growth.

Novare Capital Management LLC boosted its position in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 156.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,290 shares of the company's stock after purchasing an additional 7,500 shares during the period. Novare Capital Management LLC's holdings in Vertiv were worth $1,578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Presidio Capital Management LLC lifted its stake in Vertiv by 1.3% in the second quarter. Presidio Capital Management LLC now owns 6,010 shares of the company's stock worth $772,000 after purchasing an additional 80 shares during the last quarter. Grandview Asset Management LLC lifted its stake in Vertiv by 2.8% in the second quarter. Grandview Asset Management LLC now owns 3,536 shares of the company's stock worth $454,000 after purchasing an additional 96 shares during the last quarter. Ameriflex Group Inc. lifted its stake in Vertiv by 14.9% in the second quarter. Ameriflex Group Inc. now owns 770 shares of the company's stock worth $95,000 after purchasing an additional 100 shares during the last quarter. Cigna Investments Inc. New lifted its stake in Vertiv by 3.5% in the second quarter. Cigna Investments Inc. New now owns 3,755 shares of the company's stock worth $482,000 after purchasing an additional 127 shares during the last quarter. Finally, Commerce Bank lifted its stake in Vertiv by 0.7% in the first quarter. Commerce Bank now owns 20,739 shares of the company's stock worth $1,497,000 after purchasing an additional 134 shares during the last quarter. Institutional investors own 89.92% of the company's stock.

Analyst Ratings Changes

VRT has been the subject of several analyst reports. Barclays raised their price objective on shares of Vertiv from $128.00 to $145.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 1st. Bank of America boosted their price objective on shares of Vertiv from $140.00 to $150.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Zacks Research downgraded shares of Vertiv from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 2nd. Rothschild & Co Redburn assumed coverage on shares of Vertiv in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $135.00 price objective for the company. Finally, Wall Street Zen raised shares of Vertiv from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 21st. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Vertiv currently has a consensus rating of "Moderate Buy" and a consensus price target of $160.30.

Vertiv Stock Performance

Shares of VRT stock opened at $174.11 on Friday. The business's fifty day simple moving average is $143.22 and its 200-day simple moving average is $119.86. The company has a market cap of $66.49 billion, a PE ratio of 83.31, a PEG ratio of 1.53 and a beta of 1.84. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 0.93. Vertiv Holdings Co. has a 12-month low of $53.60 and a 12-month high of $184.44.

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

Vertiv Dividend Announcement

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

Insider Activity at Vertiv

In other news, 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 sale, the director directly owned 4,631 shares of the company's stock, valued at $573,873.52. The trade was a 77.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul Ryan sold 22,218 shares of the business's stock in a transaction on 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 trade represents a 63.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 180,952 shares of company stock valued at $23,360,571 over the last three months. 2.63% of the stock is owned by corporate insiders.

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.

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