Kovack Advisors Inc. Sells 6,550 Shares of Vertiv Holdings Co. $VRT

Kovack Advisors Inc. cut its position in Vertiv Holdings Co. (NYSE:VRT) by 10.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 55,142 shares of the company’s stock after selling 6,550 shares during the period. Vertiv comprises about 0.7% of Kovack Advisors Inc.’s portfolio, making the stock its 28th biggest holding. Kovack Advisors Inc.’s holdings in Vertiv were worth $7,081,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. FengHe Fund Management Pte. Ltd. bought a new position in shares of Vertiv during the first quarter worth approximately $33,389,000. Nordea Investment Management AB increased its holdings in shares of Vertiv by 100.1% during the second quarter. Nordea Investment Management AB now owns 3,246,769 shares of the company’s stock worth $415,132,000 after purchasing an additional 1,624,456 shares during the period. Fox Run Management L.L.C. increased its holdings in shares of Vertiv by 449.9% during the first quarter. Fox Run Management L.L.C. now owns 21,545 shares of the company’s stock worth $1,556,000 after purchasing an additional 17,627 shares during the period. Trilogy Capital Inc. bought a new position in shares of Vertiv during the second quarter worth approximately $2,790,000. Finally, Maxi Investments CY Ltd increased its holdings in shares of Vertiv by 160.3% during the first quarter. Maxi Investments CY Ltd now owns 26,025 shares of the company’s stock worth $1,879,000 after purchasing an additional 16,025 shares during the period. 89.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on VRT shares. Morgan Stanley increased their price target on shares of Vertiv from $165.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. The Goldman Sachs Group set a $182.00 price target on Vertiv in a report on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft set a $216.00 target price on shares of Vertiv and gave the company a “buy” rating in a research report on Wednesday, October 15th. Melius Research upgraded shares of Vertiv from a “hold” rating to a “strong-buy” rating and raised their target price for the company from $134.00 to $165.00 in a research report on Tuesday, July 8th. Finally, Redburn Atlantic upgraded shares of Vertiv to a “hold” rating in a research report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $177.81.

Vertiv Price Performance

Shares of NYSE:VRT opened at $193.32 on Friday. The firm has a market cap of $73.82 billion, a PE ratio of 72.95, a price-to-earnings-growth ratio of 1.62 and a beta of 1.84. The firm’s fifty day moving average is $152.45 and its 200-day moving average is $127.57. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.43 and a current ratio of 1.83. Vertiv Holdings Co. has a 52 week low of $53.60 and a 52 week high of $202.45.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, October 22nd. The company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.25. The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.59 billion. Vertiv had a net margin of 10.67% and a return on equity of 50.82%. Vertiv’s revenue was up 29.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.76 earnings per share. Vertiv has set its Q4 2025 guidance at 1.230-1.290 EPS. FY 2025 guidance at 4.070-4.130 EPS. Sell-side analysts predict that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Monday, September 15th were paid 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 5.66%.

Insider Buying and Selling

In other news, insider Karsten Winther sold 41,654 shares of the stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $134.21, for a total value of $5,590,383.34. Following the completion of the sale, the insider owned 18,848 shares of the company’s stock, valued at approximately $2,529,590.08. This represents a 68.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Steven Reinemund sold 100,000 shares of the 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 completion of the sale, the director directly owned 133,333 shares of the company’s stock, valued at approximately $17,095,957.26. The trade was a 42.86% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 180,952 shares of company stock worth $23,360,571. Corporate insiders own 2.63% of the company’s stock.

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.