OLD National Bancorp IN Buys New Position in Vertiv Holdings Co. $VRT

OLD National Bancorp IN purchased a new position in Vertiv Holdings Co. (NYSE:VRT) in the second quarter, HoldingsChannel.com reports. The firm purchased 6,279 shares of the company’s stock, valued at approximately $806,000.

Several other large investors also recently bought and sold shares of VRT. Presidio Capital Management LLC boosted its stake in shares of Vertiv by 1.3% in the second quarter. Presidio Capital Management LLC now owns 6,010 shares of the company’s stock valued at $772,000 after purchasing an additional 80 shares during the period. Grandview Asset Management LLC grew its stake in shares of Vertiv by 2.8% during the second 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 in the last quarter. Ameriflex Group Inc. grew its stake in shares of Vertiv by 14.9% during the second quarter. Ameriflex Group Inc. now owns 770 shares of the company’s stock valued at $95,000 after acquiring an additional 100 shares in the last quarter. Cigna Investments Inc. New increased its position in shares of Vertiv by 3.5% during the second quarter. Cigna Investments Inc. New now owns 3,755 shares of the company’s stock worth $482,000 after acquiring an additional 127 shares during the last quarter. Finally, Commerce Bank lifted its stake in shares of 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 acquiring an additional 134 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Insider Buying and Selling

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 completion of the transaction, the director owned 4,631 shares of the company’s stock, valued at approximately $573,873.52. The trade was a 77.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Steven Reinemund sold 100,000 shares of the stock in a transaction dated Tuesday, August 26th. The stock was 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 directly owned 133,333 shares in the company, valued at approximately $17,095,957.26. This trade represents a 42.86% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 180,952 shares of company stock worth $23,360,571. 5.01% of the stock is owned by company insiders.

Vertiv Trading Up 1.6%

Vertiv stock opened at $162.77 on Tuesday. Vertiv Holdings Co. has a 1 year low of $53.60 and a 1 year high of $169.83. The firm’s 50-day moving average is $137.67 and its 200-day moving average is $114.64. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.35 and a current ratio of 1.74. The company has a market cap of $62.16 billion, a P/E ratio of 77.88, a PEG ratio of 1.41 and a beta of 1.84.

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

Vertiv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Monday, September 15th were issued 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 (DPR) is 7.18%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on VRT shares. Melius upgraded Vertiv from a “hold” rating to a “buy” rating and set a $165.00 price objective on the stock in a report on Tuesday, July 8th. Rothschild Redb upgraded shares of Vertiv to a “hold” rating in a research note on Wednesday, August 20th. Mizuho increased their price objective on shares of Vertiv from $125.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, July 16th. Wolfe Research reissued an “outperform” rating and issued a $155.00 target price on shares of Vertiv in a research report on Thursday, July 10th. Finally, Barclays increased their price target on shares of Vertiv from $128.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $147.58.

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.