Cannell & Spears LLC Sells 82,819 Shares of Vertiv Holdings Co. $VRT

Cannell & Spears LLC reduced its position in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 13.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 515,145 shares of the company's stock after selling 82,819 shares during the period. Vertiv accounts for about 2.6% of Cannell & Spears LLC's portfolio, making the stock its 7th largest holding. Cannell & Spears LLC owned 0.13% of Vertiv worth $129,063,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in VRT. Empowered Funds LLC boosted its stake in shares of Vertiv by 25.9% in the first quarter. Empowered Funds LLC now owns 11,557 shares of the company's stock worth $834,000 after acquiring an additional 2,377 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in Vertiv in the 2nd quarter valued at $567,000. Cary Street Partners Financial LLC raised its stake in Vertiv by 19.8% in the 2nd quarter. Cary Street Partners Financial LLC now owns 1,390 shares of the company's stock valued at $178,000 after purchasing an additional 230 shares during the last quarter. Bank of Nova Scotia lifted its holdings in Vertiv by 49.7% in the 2nd quarter. Bank of Nova Scotia now owns 29,239 shares of the company's stock valued at $3,755,000 after purchasing an additional 9,712 shares in the last quarter. Finally, Ossiam acquired a new stake in Vertiv during the 2nd quarter worth $50,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Vertiv Trading Down 4.5%

Shares of Vertiv stock opened at $290.29 on Friday. The stock has a 50 day moving average of $313.24 and a 200 day moving average of $274.03. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.15 and a current ratio of 1.49. The firm has a market capitalization of $111.50 billion, a price-to-earnings ratio of 72.94, a PEG ratio of 1.31 and a beta of 2.03. Vertiv Holdings Co. has a fifty-two week low of $118.70 and a fifty-two week high of $379.93.

Vertiv (NYSE:VRT - Get Free Report) last posted its earnings results on Wednesday, April 22nd. The company reported $1.17 EPS for the quarter, beating analysts' consensus estimates of $1.00 by $0.17. Vertiv had a return on equity of 49.90% and a net margin of 14.37%.The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.63 billion. During the same quarter in the previous year, the business earned $0.64 earnings per share. The company's revenue for the quarter was up 30.1% on a year-over-year basis. As a group, research analysts predict that Vertiv Holdings Co. will post 6.38 earnings per share for the current year.

Vertiv Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 15th were given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, June 15th. Vertiv's dividend payout ratio (DPR) is presently 6.28%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on VRT. TD Cowen upped their target price on shares of Vertiv from $347.00 to $387.00 and gave the stock a "buy" rating in a report on Wednesday, May 20th. Oppenheimer raised their target price on shares of Vertiv from $330.00 to $353.00 and gave the stock an "outperform" rating in a research note on Thursday, May 21st. Bank of America raised their target price on Vertiv from $370.00 to $440.00 and gave the stock a "buy" rating in a research note on Friday, May 15th. Morgan Stanley lifted their price target on Vertiv from $285.00 to $350.00 and gave the stock an "overweight" rating in a report on Thursday, April 23rd. Finally, KeyCorp started coverage on shares of Vertiv in a report on Thursday. They issued an "overweight" rating and a $360.00 price objective for the company. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $343.48.

Vertiv News Summary

Here are the key news stories impacting Vertiv this week:

• Positive Sentiment: KeyCorp upgraded Vertiv to “strong-buy”, a vote of confidence that signals analysts see more upside in the stock. Zacks.com
• Positive Sentiment: Vertiv is being highlighted as a leading AI infrastructure play, with Zacks arguing investors may prefer infrastructure names like VRT over AI chips and mega-cap tech for exposure to the AI boom. Article Title
• Positive Sentiment: Investors are anticipating Vertiv’s upcoming Q2 earnings, with expectations for strong revenue and EPS growth driven by AI-related demand, partnerships, and expansion efforts. Article Title
• Positive Sentiment: Vertiv announced it is expanding manufacturing and testing capacity at its Tognana campus near Padua, which could help it meet growing demand and support future sales. Article Title
• Positive Sentiment: The company also announced a deployment supporting the Naval Postgraduate School’s NVIDIA DGX GB300 system, showcasing Vertiv’s integrated power, liquid cooling, rack infrastructure, and installation services for high-density AI systems. Article Title
• Neutral Sentiment: Recent articles note that Vertiv’s rally has cooled after a big run-up, with the stock pulling back from prior gains; this suggests some profit-taking, though the longer-term growth story remains intact. Article Title
• Negative Sentiment: One recent note said Vertiv dipped more than the broader market in the latest session, reflecting short-term volatility despite the strong fundamental backdrop. Article Title

About Vertiv

Vertiv is a global provider of critical digital infrastructure and continuity solutions for data centers, communication networks and commercial and industrial environments. Headquartered in Columbus, Ohio, the company designs, manufactures and services equipment and software that support power availability, thermal management and IT infrastructure management for a broad set of end markets, including hyperscale and enterprise data centers, colocation providers, telecom operators and industrial customers.

The company's product portfolio includes uninterruptible power supplies (UPS), power distribution units (PDUs), battery and DC power systems, precision cooling and thermal management equipment, racks and enclosures, and integrated modular infrastructure.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.