Clear Harbor Asset Management LLC Cuts Stock Position in Vertiv Holdings Co. $VRT

Clear Harbor Asset Management LLC decreased its holdings in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 76.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,270 shares of the company's stock after selling 4,037 shares during the quarter. Clear Harbor Asset Management LLC's holdings in Vertiv were worth $425,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sachetta LLC increased its holdings in Vertiv by 41.4% in the first quarter. Sachetta LLC now owns 123 shares of the company's stock valued at $31,000 after buying an additional 36 shares during the last quarter. Cornerstone Planning Group LLC raised its stake in shares of Vertiv by 60.5% during the first quarter. Cornerstone Planning Group LLC now owns 130 shares of the company's stock valued at $33,000 after purchasing an additional 49 shares in the last quarter. GoalVest Advisory LLC raised its position in shares of Vertiv by 87.3% during the 2nd quarter. GoalVest Advisory LLC now owns 148 shares of the company's stock worth $50,000 after buying an additional 69 shares in the last quarter. Vermillion & White Wealth Management Group LLC lifted its position in Vertiv by 58.3% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 152 shares of the company's stock worth $25,000 after purchasing an additional 56 shares during the period. Finally, Center for Financial Planning Inc. boosted its stake in Vertiv by 554.2% during the first quarter. Center for Financial Planning Inc. now owns 157 shares of the company's stock valued at $39,000 after buying an additional 133 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Vertiv Trading Up 0.2%

Vertiv stock opened at $262.36 on Monday. Vertiv Holdings Co. has a 52 week low of $118.70 and a 52 week high of $379.93. The firm has a market capitalization of $101.01 billion, a PE ratio of 59.36, a PEG ratio of 1.08 and a beta of 2.06. The business's 50-day simple moving average is $294.65 and its 200-day simple moving average is $287.55. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.03 and a current ratio of 1.38.

Vertiv (NYSE:VRT - Get Free Report) last posted 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 return on equity of 50.47% and a net margin of 15.09%.The company had revenue of $3.27 billion during the quarter, compared to analysts' expectations of $3.38 billion. During the same period in the prior year, the business earned $0.95 earnings per share. Vertiv's revenue for the quarter was up 24.1% compared to the same quarter last year. Vertiv has set its Q3 2026 guidance at 1.770-1.830 EPS and its FY 2026 guidance at 6.650-6.750 EPS. Equities research analysts forecast that Vertiv Holdings Co. will post 6.7 earnings per share for the current year.

Vertiv Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 15th were issued a $0.0625 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.25 annualized dividend and a yield of 0.1%. Vertiv's dividend payout ratio is 5.66%.

Analysts Set New Price Targets

VRT has been the topic of several research reports. KeyCorp dropped their price target on shares of Vertiv from $360.00 to $325.00 and set an "overweight" rating on the stock in a research report on Thursday, July 30th. Mizuho set a $380.00 price target on Vertiv in a report on Thursday, May 21st. Citigroup dropped their price objective on shares of Vertiv from $414.00 to $358.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. UBS Group restated a "buy" rating and issued a $370.00 target price on shares of Vertiv in a research note on Thursday, July 30th. Finally, Barclays upped their target price on Vertiv from $345.00 to $412.00 and gave the stock an "overweight" rating in a research report on Friday, May 15th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $357.83.

Vertiv Company Profile

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.

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