Finivi Inc. decreased its position in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 28.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,746 shares of the company's stock after selling 3,797 shares during the quarter. Vertiv accounts for about 1.7% of Finivi Inc.'s holdings, making the stock its 20th biggest holding. Finivi Inc.'s holdings in Vertiv were worth $3,263,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC raised its holdings in shares of Vertiv by 58.3% in the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 152 shares of the company's stock valued at $25,000 after purchasing an additional 56 shares in the last quarter. Sankala Group LLC purchased a new stake in shares of Vertiv during the 4th quarter worth $27,000. Meeder Asset Management Inc. grew its stake in shares of Vertiv by 211.3% during the fourth quarter. Meeder Asset Management Inc. now owns 165 shares of the company's stock worth $27,000 after purchasing an additional 112 shares in the last quarter. Rossby Financial LCC acquired a new position in shares of Vertiv during the fourth quarter worth $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in Vertiv in the fourth quarter valued at $29,000. Hedge funds and other institutional investors own 89.92% of the company's stock.
Vertiv Stock Performance
Shares of VRT stock opened at $272.71 on Monday. The stock's 50-day moving average is $300.81 and its two-hundred day moving average is $281.06. The firm has a market cap of $104.99 billion, a price-to-earnings ratio of 61.70, a PEG ratio of 1.12 and a beta of 2.06. Vertiv Holdings Co. has a 1 year low of $118.70 and a 1 year high of $379.93. 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 earnings results 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. 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%.The business's quarterly revenue was up 24.1% on a year-over-year basis. During the same period in the previous year, the business 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. Analysts predict that Vertiv Holdings Co. will post 6.7 earnings per share for the current year.
Vertiv Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 15th were paid a $0.0625 dividend. The ex-dividend date was Monday, June 15th. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. Vertiv's payout ratio is currently 5.66%.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the company. Loop Capital started coverage on Vertiv in a research note on Thursday, May 14th. They issued a "buy" rating and a $500.00 price target on the stock. The Goldman Sachs Group upped their price objective on Vertiv from $277.00 to $311.00 and gave the stock a "buy" rating in a research report on Tuesday, April 14th. Evercore set a $375.00 target price on Vertiv in a research note on Wednesday, July 29th. JPMorgan Chase & Co. upped their price target on Vertiv from $305.00 to $350.00 and gave the company an "overweight" rating in a report on Friday, April 24th. Finally, Fox Advisors upgraded shares of Vertiv from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 21st. Three analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $348.54.
Check Out Our Latest Stock Analysis on VRT
Vertiv Company Profile
(
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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