Diversify Advisory Services LLC purchased a new position in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 26,865 shares of the company's stock, valued at approximately $8,995,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp increased its holdings in shares of Vertiv by 2.8% during the fourth quarter. State Street Corp now owns 8,694,900 shares of the company's stock worth $1,408,661,000 after purchasing an additional 235,577 shares during the period. Geode Capital Management LLC boosted its stake in shares of Vertiv by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 7,065,912 shares of the company's stock valued at $1,141,723,000 after buying an additional 143,821 shares during the period. Invesco Ltd. grew its position in Vertiv by 2.1% during the fourth quarter. Invesco Ltd. now owns 5,974,205 shares of the company's stock worth $967,881,000 after buying an additional 121,618 shares in the last quarter. Norges Bank acquired a new stake in Vertiv during the fourth quarter worth approximately $808,701,000. Finally, Northern Trust Corp increased its stake in Vertiv by 3.6% during the 4th quarter. Northern Trust Corp now owns 2,811,745 shares of the company's stock worth $455,531,000 after acquiring an additional 97,141 shares during the period. Institutional investors and hedge funds own 89.92% of the company's stock.
Analyst Ratings Changes
Several equities analysts have weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Vertiv from $305.00 to $350.00 and gave the company an "overweight" rating in a report on Friday, April 24th. KeyCorp reduced their target price on Vertiv from $360.00 to $325.00 and set an "overweight" rating on the stock in a report on Thursday, July 30th. Zacks Research raised shares of Vertiv from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 31st. Evercore set a $375.00 price objective on shares of Vertiv in a research note on Wednesday, July 29th. Finally, Royal Bank Of Canada decreased their target price on shares of Vertiv from $418.00 to $337.00 and set an "outperform" rating on the stock in a report on Thursday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, Vertiv currently has a consensus rating of "Moderate Buy" and an average target price of $348.54.
Check Out Our Latest Research Report on VRT
Vertiv Trading Down 6.9%
Shares of VRT opened at $272.38 on Wednesday. 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 Holdings Co. has a 52-week low of $118.70 and a 52-week high of $379.93. The firm has a market cap of $104.86 billion, a price-to-earnings ratio of 61.62, a PEG ratio of 1.21 and a beta of 2.06. The business's fifty day moving average is $296.52 and its 200-day moving average is $286.03.
Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.09. The business had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.38 billion. Vertiv had a return on equity of 50.47% and a net margin of 15.09%.Vertiv's revenue for the quarter was up 24.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.95 EPS. 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 analysts anticipate that Vertiv Holdings Co. will post 6.7 EPS for the current fiscal year.
Vertiv Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.1%. Vertiv's dividend payout ratio is 5.66%.
About Vertiv
(
Free Report)
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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