Independence Bank of Kentucky Boosts Stake in Vertiv Holdings Co. $VRT

Independence Bank of Kentucky boosted its position in shares of Vertiv Holdings Co. (NYSE:VRT) by 12.0% during the second quarter, Holdings Channel.com reports. The firm owned 59,114 shares of the company’s stock after buying an additional 6,341 shares during the quarter. Vertiv makes up approximately 1.1% of Independence Bank of Kentucky’s portfolio, making the stock its 16th biggest position. Independence Bank of Kentucky’s holdings in Vertiv were worth $7,591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the company. Moody Lynn & Lieberson LLC purchased a new stake in shares of Vertiv in the 2nd quarter valued at approximately $343,000. Smith Salley Wealth Management raised its stake in shares of Vertiv by 10.1% in the 2nd quarter. Smith Salley Wealth Management now owns 21,570 shares of the company’s stock valued at $2,770,000 after acquiring an additional 1,981 shares during the period. Grandview Asset Management LLC raised its stake in shares of Vertiv by 2.8% in the 2nd quarter. Grandview Asset Management LLC now owns 3,536 shares of the company’s stock valued at $454,000 after acquiring an additional 96 shares during the period. WD Rutherford LLC purchased a new stake in shares of Vertiv in the 2nd quarter valued at approximately $168,000. Finally, Worth Financial Advisory Group LLC acquired a new position in shares of Vertiv in the second quarter valued at approximately $318,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Vertiv

In related news, Director Steven Reinemund sold 100,000 shares of the stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $128.22, for a total transaction of $12,822,000.00. Following the completion of the sale, the director owned 133,333 shares in the company, valued at $17,095,957.26. This represents a 42.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 sale, the insider owned 12,803 shares of the company’s stock, valued at approximately $1,630,334.02. This represents a 63.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 180,952 shares of company stock worth $23,360,571 in the last quarter. 5.01% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Zacks Research upgraded shares of Vertiv to a “strong-buy” rating in a report on Monday, August 11th. UBS Group lifted their price objective on shares of Vertiv from $135.00 to $173.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Barclays set a $128.00 price objective on shares of Vertiv and gave the company an “equal weight” rating in a report on Thursday, July 31st. Wolfe Research restated an “outperform” rating and issued a $155.00 price objective on shares of Vertiv in a report on Thursday, July 10th. Finally, Mizuho lifted their price objective on shares of Vertiv from $125.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $142.25.

Vertiv Trading Down 0.9%

Shares of NYSE:VRT opened at $138.57 on Monday. Vertiv Holdings Co. has a 52 week low of $53.60 and a 52 week high of $155.84. The company’s 50 day moving average is $134.71 and its two-hundred day moving average is $111.76. 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 company has a market cap of $52.92 billion, a PE ratio of 66.30, a P/E/G ratio of 1.22 and a beta of 1.78.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.12. Vertiv had a net margin of 8.93% and a return on equity of 51.64%. The company 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 firm posted $0.67 EPS. The company’s quarterly 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. Equities analysts predict that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The business 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 annualized dividend and a dividend yield of 0.1%. Vertiv’s dividend payout ratio is presently 7.18%.

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.