OLD National Bancorp IN Makes New $806,000 Investment in Vertiv Holdings Co. $VRT

Key Points

• OLD National Bancorp IN has invested $806,000 in Vertiv Holdings Co., acquiring 6,279 shares during the second quarter.
• Vertiv reported strong quarterly results, beating earnings expectations with $0.95 EPS and revenue of $2.64 billion, which is a 35.1% year-over-year increase.
• Analysts currently have a consensus rating of "Moderate Buy" for Vertiv stock, with an average price target of $147.58.

OLD National Bancorp IN purchased a new stake in Vertiv Holdings Co. (NYSE:VRT - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,279 shares of the company's stock, valued at approximately $806,000.

Several other hedge funds and other institutional investors have also made changes to their positions in VRT. GW&K Investment Management LLC purchased a new position in Vertiv during the 1st quarter valued at about $26,000. SouthState Corp purchased a new position in shares of Vertiv during the 1st quarter worth approximately $27,000. North Star Investment Management Corp. raised its position in shares of Vertiv by 4,120.0% during the 1st quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock worth $30,000 after purchasing an additional 412 shares during the last quarter. Sachetta LLC lifted its stake in Vertiv by 242.0% in the 1st quarter. Sachetta LLC now owns 448 shares of the company's stock valued at $32,000 after buying an additional 317 shares in the last quarter. Finally, Banque Transatlantique SA acquired a new stake in Vertiv during the 1st quarter valued at $33,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Vertiv Stock Performance

NYSE:VRT opened at $162.77 on Tuesday. The company has a market cap of $62.16 billion, a P/E ratio of 77.88, a P/E/G ratio of 1.41 and a beta of 1.84. The firm's 50 day moving average is $137.67 and its two-hundred day moving average is $114.64. Vertiv Holdings Co. has a fifty-two week low of $53.60 and a fifty-two week high of $169.83. The company has a quick ratio of 1.35, a current ratio of 1.74 and a debt-to-equity ratio of 0.93.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.95 EPS for the quarter, topping analysts' consensus estimates 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 period in the prior year, the firm posted $0.67 EPS. The business's revenue for the quarter was up 35.1% on a year-over-year basis. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. Analysts expect that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

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

Insider Transactions at Vertiv

In other Vertiv news, Director Jakki L. Haussler sold 15,680 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director directly owned 4,631 shares in the company, valued at $573,873.52. The trade was a 77.20% decrease in their ownership of the stock. The transaction 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 stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $127.34, for a total transaction of $2,829,240.12. Following the completion of the sale, the insider directly owned 12,803 shares of the company's stock, valued at $1,630,334.02. The trade was a 63.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 180,952 shares of company stock worth $23,360,571 over the last 90 days. Company insiders own 5.01% of the company's stock.

Analysts Set New Price Targets

VRT has been the subject of a number of recent research reports. Melius upgraded Vertiv from a "hold" rating to a "buy" rating and set a $165.00 price objective for the company in a research report on Tuesday, July 8th. Glj Research started coverage on shares of Vertiv in a research note on Tuesday, August 19th. They set a "sell" rating and a $112.00 price target on the stock. Morgan Stanley reissued an "overweight" rating on shares of Vertiv in a research report on Sunday, August 10th. Bank of America raised 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. Finally, Rothschild & Co Redburn began coverage on Vertiv in a report on Wednesday, August 20th. They issued a "neutral" rating and a $135.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $147.58.

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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