Vertiv Holdings Co. $VRT Stake Cut by Bank of Nova Scotia

Key Points

• Bank of Nova Scotia cut its Vertiv stake by 49.3% in the second quarter, selling 45,415 shares and retaining 46,725 shares worth approximately $15.6 million. Institutional investors collectively own 89.92% of Vertiv.
• Vertiv reported quarterly EPS of $1.52, beating estimates of $1.43, while revenue rose 24.1% year over year to $3.27 billion but fell short of the $3.38 billion consensus forecast. The company guided for third-quarter 2026 EPS of $1.77–$1.83 and full-year EPS of $6.65–$6.75.
• Despite the stock opening at $254.98 after a 2.7% decline, Wall Street maintained a favorable view: Vertiv has an average “Buy” rating and an average price target of $357.83. The company also pays a quarterly dividend of $0.0625 per share, representing a 0.1% yield.

Bank of Nova Scotia decreased its holdings in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 49.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,725 shares of the company's stock after selling 45,415 shares during the period. Bank of Nova Scotia's holdings in Vertiv were worth $15,646,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. SFE Investment Counsel lifted its holdings in shares of Vertiv by 1.1% in the 1st quarter. SFE Investment Counsel now owns 3,052 shares of the company's stock worth $765,000 after purchasing an additional 32 shares during the last quarter. Versant Capital Management Inc grew its stake in Vertiv by 3.0% during the 2nd quarter. Versant Capital Management Inc now owns 1,156 shares of the company's stock worth $387,000 after buying an additional 34 shares during the last quarter. Webster Bank N. A. grew its stake in Vertiv by 6.9% during the 1st quarter. Webster Bank N. A. now owns 542 shares of the company's stock worth $136,000 after buying an additional 35 shares during the last quarter. Sachetta LLC increased its position in Vertiv by 41.4% in the first quarter. Sachetta LLC now owns 123 shares of the company's stock worth $31,000 after buying an additional 36 shares during the period. Finally, Pincus Capital Management LP increased its position in Vertiv by 0.8% in the first quarter. Pincus Capital Management LP now owns 4,713 shares of the company's stock worth $1,181,000 after buying an additional 38 shares during the period. 89.92% of the stock is currently owned by institutional investors.

Vertiv Stock Down 2.7%

Vertiv stock opened at $254.98 on Tuesday. The stock has a market cap of $98.16 billion, a price-to-earnings ratio of 57.69, a PEG ratio of 1.08 and a beta of 2.06. The company has a current ratio of 1.38, a quick ratio of 1.03 and a debt-to-equity ratio of 0.62. The company's 50-day moving average price is $293.51 and its two-hundred day moving average price is $288.01. Vertiv Holdings Co. has a 52 week low of $118.70 and a 52 week high of $379.93.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $1.52 earnings per share for the quarter, topping analysts' consensus estimates of $1.43 by $0.09. Vertiv had a net margin of 15.09% and a return on equity of 50.47%. The company had revenue of $3.27 billion during the quarter, compared to analyst estimates of $3.38 billion. During the same period in the prior year, the business posted $0.95 EPS. The business'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. On average, analysts expect that Vertiv Holdings Co. will post 6.7 EPS for the current fiscal year.

Vertiv Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on VRT. KeyCorp reduced their price target on shares of Vertiv from $360.00 to $325.00 and set an "overweight" rating for the company in a report on Thursday, July 30th. Citigroup cut their price objective 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. Piper Sandler set a $375.00 target price on shares of Vertiv in a research note on Wednesday, July 29th. Robert W. Baird set a $320.00 target price on shares of Vertiv in a research report on Thursday, July 30th. Finally, Sanford C. Bernstein restated an "outperform" rating and issued a $368.00 price target on shares of Vertiv in a research note on Friday, July 31st. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Vertiv presently has an average rating of "Buy" and an average target price of $357.83.

Vertiv 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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