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

Kovack Advisors Inc. lowered its stake in Vertiv Holdings Co. (NYSE:VRT) by 10.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 55,142 shares of the company’s stock after selling 6,550 shares during the quarter. Vertiv comprises approximately 0.7% of Kovack Advisors Inc.’s investment 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 SEC filing.

Other large investors also recently made changes to their positions in the company. Amundi lifted its position in Vertiv by 96.8% in the 1st quarter. Amundi now owns 6,951,773 shares of the company’s stock valued at $469,490,000 after acquiring an additional 3,420,144 shares in the last quarter. 1832 Asset Management L.P. boosted its stake in Vertiv by 985.3% in the 1st quarter. 1832 Asset Management L.P. now owns 2,301,700 shares of the company’s stock worth $166,183,000 after purchasing an additional 2,089,612 shares during the period. Nordea Investment Management AB boosted its stake in Vertiv by 100.1% in the 2nd 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. Vanguard Group Inc. boosted its stake in Vertiv by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 37,715,159 shares of the company’s stock worth $2,723,034,000 after purchasing an additional 1,359,070 shares during the period. Finally, Nuveen LLC acquired a new position in Vertiv in the 1st quarter worth $77,820,000. Institutional investors own 89.92% of the company’s stock.

Insider Activity

In related news, Director Jakki L. Haussler sold 15,680 shares of the firm’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $123.92, for a total value of $1,943,065.60. Following the completion of the sale, the director directly owned 4,631 shares in the company, valued at approximately $573,873.52. This trade represents a 77.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Karsten Winther sold 41,654 shares of the firm’s stock in a transaction dated Thursday, August 14th. The shares were 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 of the company’s stock, valued at $2,529,590.08. This trade represents a 68.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 180,952 shares of company stock valued at $23,360,571. Company insiders own 2.63% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on VRT. Oppenheimer upped their target price on shares of Vertiv from $190.00 to $195.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. JPMorgan Chase & Co. upped their target price on shares of Vertiv from $150.00 to $206.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Cowen set a $210.00 target price on shares of Vertiv in a research note on Thursday, October 23rd. Mizuho upped their target price on shares of Vertiv from $165.00 to $198.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Finally, Deutsche Bank Aktiengesellschaft set a $216.00 target price on shares of Vertiv and gave the stock a “buy” rating in a research note on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Vertiv presently has an average rating of “Moderate Buy” and a consensus target price of $177.81.

Vertiv Stock Down 3.0%

NYSE:VRT opened at $193.32 on Friday. The firm has a market capitalization of $73.82 billion, a price-to-earnings ratio of 72.95, a price-to-earnings-growth ratio of 1.62 and a beta of 1.84. Vertiv Holdings Co. has a twelve month low of $53.60 and a twelve month high of $202.45. The stock’s 50 day moving average price is $152.45 and its two-hundred day moving average price is $127.57. The company has a quick ratio of 1.43, a current ratio of 1.83 and a debt-to-equity ratio of 0.83.

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

Vertiv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Monday, September 15th were paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.1%. The ex-dividend date was Monday, September 15th. Vertiv’s dividend payout ratio (DPR) is 5.66%.

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.