Kornitzer Capital Management Inc. KS Reduces Stock Holdings in Vertiv Holdings Co. $VRT

Key Points

• Kornitzer Capital Management cut its stake in Vertiv by 31.4% in Q4, selling 38,504 shares and ending the period with 83,994 shares worth about $13.61 million.
• Vertiv beat Q1 estimates with $1.17 EPS (vs. $1.00) and $2.65 billion revenue (up 30.1% YoY), issued FY2026 guidance of 6.30–6.40 EPS, and prompted several analysts to raise price targets while the consensus remains a "Moderate Buy."
• Insiders have been net sellers — including sizable February sales by Chairman David M. Cote and Director Jan Van Dokkum — with 489,761 shares (~$123.36M) sold over the past three months, while institutional ownership is roughly 89.9%.

Kornitzer Capital Management Inc. KS reduced its holdings in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 31.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 83,994 shares of the company's stock after selling 38,504 shares during the period. Kornitzer Capital Management Inc. KS's holdings in Vertiv were worth $13,608,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. CreativeOne Wealth LLC grew its holdings in shares of Vertiv by 187.8% in the 3rd quarter. CreativeOne Wealth LLC now owns 10,646 shares of the company's stock worth $1,606,000 after acquiring an additional 6,947 shares during the last quarter. Abundance Wealth Counselors raised its holdings in shares of Vertiv by 313.7% during the third quarter. Abundance Wealth Counselors now owns 10,165 shares of the company's stock worth $1,533,000 after acquiring an additional 7,708 shares in the last quarter. Plato Investment Management Ltd raised its holdings in shares of Vertiv by 272.7% during the third quarter. Plato Investment Management Ltd now owns 8,825 shares of the company's stock worth $1,321,000 after acquiring an additional 6,457 shares in the last quarter. KLP Kapitalforvaltning AS raised its holdings in shares of Vertiv by 5.5% during the third quarter. KLP Kapitalforvaltning AS now owns 143,100 shares of the company's stock worth $21,588,000 after acquiring an additional 7,400 shares in the last quarter. Finally, NTV Asset Management LLC raised its holdings in shares of Vertiv by 200.7% during the third quarter. NTV Asset Management LLC now owns 26,458 shares of the company's stock worth $3,991,000 after acquiring an additional 17,658 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Trading Down 0.1%

Vertiv stock opened at $328.11 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.49 and a quick ratio of 1.15. The company has a market capitalization of $126.03 billion, a price-to-earnings ratio of 82.44, a PEG ratio of 1.41 and a beta of 2.10. Vertiv Holdings Co. has a one year low of $91.81 and a one year high of $331.97. The company's fifty day moving average price is $274.42 and its two-hundred day moving average price is $213.68.

Vertiv (NYSE:VRT - Get Free Report) last posted its earnings results on Wednesday, April 22nd. The company reported $1.17 EPS for the quarter, topping the consensus estimate of $1.00 by $0.17. The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.63 billion. Vertiv had a net margin of 14.37% and a return on equity of 49.90%. The business's quarterly revenue was up 30.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.64 earnings per share. Vertiv has set its Q2 2026 guidance at 1.370-1.430 EPS and its FY 2026 guidance at 6.300-6.400 EPS. On average, analysts forecast that Vertiv Holdings Co. will post 6.42 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Tuesday, March 17th were given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Tuesday, March 17th. Vertiv's dividend payout ratio is presently 6.28%.

Insider Activity

In related news, Chairman David M. Cote sold 40,000 shares of the stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $255.29, for a total value of $10,211,600.00. Following the completion of the sale, the chairman owned 22,258 shares in the company, valued at approximately $5,682,244.82. This trade represents a 64.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jan Van Dokkum sold 38,647 shares of the stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $254.87, for a total transaction of $9,849,960.89. Following the completion of the sale, the director owned 25,000 shares of the company's stock, valued at approximately $6,371,750. The trade was a 60.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 489,761 shares of company stock valued at $123,356,815. Corporate insiders own 2.63% of the company's stock.

Wall Street Analyst Weigh In

VRT has been the subject of several recent research reports. Mizuho increased their price objective on Vertiv from $198.00 to $290.00 and gave the stock an "outperform" rating in a report on Thursday, February 12th. Citigroup increased their price objective on Vertiv from $340.00 to $353.00 and gave the stock a "buy" rating in a report on Thursday, April 23rd. JPMorgan Chase & Co. increased their price objective on Vertiv from $305.00 to $350.00 and gave the stock an "overweight" rating in a report on Friday, April 24th. Barclays increased their price objective on Vertiv from $300.00 to $345.00 and gave the stock an "overweight" rating in a report on Thursday, April 23rd. Finally, Weiss Ratings lowered Vertiv from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, April 24th. Twenty-one equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Vertiv currently has an average rating of "Moderate Buy" and an average target price of $278.38.

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.

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