Vertiv Holdings Co. $VRT Position Raised by State Street Corp

Key Points

• State Street increased its Vertiv stake by 4.5% in the second quarter, adding 704,970 shares to own 16.5 million shares worth approximately $5.54 billion. Institutional investors and hedge funds collectively own 89.92% of the company.
• Vertiv’s shares recently traded at $253.10, while the stock carries a “Moderate Buy” consensus rating and an average analyst price target of $357.83. The company reported quarterly EPS of $1.52, exceeding estimates, although revenue of $3.27 billion fell short of expectations.
• Vertiv declared a quarterly dividend of $0.0625 per share, equivalent to an annualized $0.25 payout and a 0.1% yield. Director Edward Monser also sold 15,287 shares under a pre-arranged trading plan.

State Street Corp raised its position in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 4.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,531,530 shares of the company's stock after purchasing an additional 704,970 shares during the quarter. State Street Corp owned about 4.29% of Vertiv worth $5,535,087,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. SFE Investment Counsel lifted its holdings in shares of Vertiv by 1.1% in the first quarter. SFE Investment Counsel now owns 3,052 shares of the company's stock valued at $765,000 after buying an additional 32 shares during the period. Versant Capital Management Inc raised its position in Vertiv by 3.0% in the second quarter. Versant Capital Management Inc now owns 1,156 shares of the company's stock worth $387,000 after acquiring an additional 34 shares in the last quarter. Webster Bank N. A. raised its position in Vertiv by 6.9% in the first quarter. Webster Bank N. A. now owns 542 shares of the company's stock worth $136,000 after acquiring an additional 35 shares in the last quarter. Sachetta LLC lifted its holdings in Vertiv by 41.4% in the 1st quarter. Sachetta LLC now owns 123 shares of the company's stock valued at $31,000 after acquiring an additional 36 shares during the last quarter. Finally, Pincus Capital Management LP lifted its holdings in Vertiv by 0.8% in the 1st quarter. Pincus Capital Management LP now owns 4,713 shares of the company's stock valued at $1,181,000 after acquiring an additional 38 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Trading Up 0.9%

Shares of VRT stock traded up $2.24 during trading hours on Tuesday, reaching $253.10. 1,737,745 shares of the stock traded hands, compared to its average volume of 6,510,323. The company has a quick ratio of 1.03, a current ratio of 1.38 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $97.44 billion, a PE ratio of 57.24, a PEG ratio of 1.02 and a beta of 2.07. Vertiv Holdings Co. has a 1-year low of $133.85 and a 1-year high of $379.93. The business has a fifty day moving average price of $269.66 and a 200 day moving average price of $291.51.

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, topping the consensus estimate of $1.43 by $0.09. The firm had revenue of $3.27 billion for the quarter, compared to analysts' expectations of $3.38 billion. Vertiv had a net margin of 15.09% and a return on equity of 50.47%. The company's quarterly revenue was up 24.1% compared to the same quarter last year. During the same period in the previous year, the company posted $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. On average, equities research analysts forecast that Vertiv Holdings Co. will post 6.72 EPS for the current year.

Vertiv Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Monday, September 14th will be paid 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 is Monday, September 14th. Vertiv's payout ratio is 5.66%.

Insider Buying and Selling at Vertiv

In other news, Director Edward Monser sold 15,287 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $253.82, for a total value of $3,880,146.34. Following the completion of the sale, the director directly owned 16,500 shares of the company's stock, valued at $4,188,030. This represents a 48.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. UBS Group reaffirmed a "buy" rating and issued a $370.00 price objective on shares of Vertiv in a research note on Thursday, July 30th. Sanford C. Bernstein restated an "outperform" rating and set a $368.00 target price on shares of Vertiv in a report on Friday, July 31st. Citigroup decreased their price target on shares of Vertiv from $414.00 to $358.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. Zacks Research downgraded Vertiv from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 31st. Finally, Glj Research raised Vertiv from a "hold" rating to a "buy" rating and set a $381.00 price objective for the company in a research note on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $357.83.

Vertiv Profile

Vertiv Holdings Co NYSE: VRT designs, manufactures and services critical digital infrastructure that helps data centers, communications networks and other facilities operate reliably and efficiently. Its solutions support the availability, performance and growth of information technology systems.

The company's products and services include power management and distribution equipment, uninterruptible power supplies, thermal management and cooling systems, racks and integrated infrastructure, monitoring and management software, and lifecycle services.

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