Ceredex Value Advisors LLC Sells 4,673 Shares of Vertiv Holdings Co. $VRT

Key Points

• Ceredex Value Advisors reduced its Vertiv stake by 6.7% in the second quarter, selling 4,673 shares and retaining 64,675 shares valued at approximately $21.7 million. Institutional investors collectively own 89.92% of Vertiv.
• Analyst sentiment remains favorable, with Vertiv receiving a consensus “Buy” rating and an average price target of $357.83, despite one ratings downgrade to “Hold.”
• Vertiv reported quarterly EPS of $1.52, exceeding estimates of $1.43, while revenue rose 24.1% year over year to $3.27 billion. The company also declared a quarterly dividend of $0.0625 per share, producing a 0.1% annualized yield.

Ceredex Value Advisors LLC reduced its holdings in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 6.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 64,675 shares of the company's stock after selling 4,673 shares during the period. Ceredex Value Advisors LLC's holdings in Vertiv were worth $21,654,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

VRT has been the subject of several research reports. Weiss Ratings cut Vertiv from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, August 14th. Bank of America boosted their price target on shares of Vertiv from $370.00 to $440.00 and gave the company a "buy" rating in a report on Friday, May 15th. Oppenheimer reissued an "outperform" rating and set a $325.00 target price on shares of Vertiv in a research note on Thursday, July 30th. Piper Sandler set a $375.00 target price on Vertiv in a report on Wednesday, July 29th. Finally, Mizuho set a $380.00 price objective on shares of Vertiv in a report on Thursday, May 21st. Three analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $357.83.

Vertiv Stock Performance

Shares of NYSE VRT opened at $264.25 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.03 and a debt-to-equity ratio of 0.62. The stock has a 50 day moving average of $295.45 and a 200-day moving average of $287.04. Vertiv Holdings Co. has a 12 month low of $118.70 and a 12 month high of $379.93. The company has a market capitalization of $101.73 billion, a P/E ratio of 59.79, a P/E/G ratio of 1.07 and a beta of 2.06.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.09. Vertiv had a net margin of 15.09% and a return on equity of 50.47%. The company had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.38 billion. During the same period in the prior year, the firm earned $0.95 earnings per share. The company's revenue was up 24.1% on a year-over-year basis. Vertiv has set its Q3 2026 guidance at 1.770-1.830 EPS and its FY 2026 guidance at 6.650-6.750 EPS. As a group, equities research analysts predict that Vertiv Holdings Co. will post 6.7 EPS for the current year.

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 15th were paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Monday, June 15th. Vertiv's dividend payout ratio (DPR) is 5.66%.

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.

Want to see what other hedge funds are holding VRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vertiv Holdings Co. (NYSE:VRT - Free Report).

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source