Westpac Banking Corp Has $4.67 Million Stake in Vertiv Holdings Co. $VRT

Key Points

• Westpac Banking Corp cut its Vertiv stake by 37.5% in the second quarter, selling 8,368 shares and retaining 13,941 shares valued at approximately $4.67 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 expectations. The company guided for third-quarter 2026 EPS of $1.77–$1.83 and full-year EPS of $6.65–$6.75.
• Analysts maintain a consensus “Buy” rating with an average price target of $357.83, despite some target reductions and one downgrade to “Hold.” Vertiv shares recently opened at $262.36, and the company pays a quarterly dividend of $0.0625 per share.

Westpac Banking Corp reduced its holdings in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 37.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,941 shares of the company's stock after selling 8,368 shares during the quarter. Westpac Banking Corp's holdings in Vertiv were worth $4,668,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of VRT. Empowered Funds LLC increased its holdings in Vertiv by 25.9% during the 1st quarter. Empowered Funds LLC now owns 11,557 shares of the company's stock valued at $834,000 after purchasing an additional 2,377 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in Vertiv in the second quarter worth $567,000. Cary Street Partners Financial LLC boosted its stake in Vertiv by 19.8% in the second quarter. Cary Street Partners Financial LLC now owns 1,390 shares of the company's stock worth $178,000 after purchasing an additional 230 shares in the last quarter. Bank of Nova Scotia grew its holdings in shares of Vertiv by 49.7% during the second quarter. Bank of Nova Scotia now owns 29,239 shares of the company's stock worth $3,755,000 after purchasing an additional 9,712 shares during the last quarter. Finally, Ossiam bought a new stake in shares of Vertiv during the second quarter worth $50,000. 89.92% of the stock is currently owned by institutional investors.

Vertiv Stock Performance

Vertiv stock opened at $262.36 on Friday. The company has a market cap of $101.01 billion, a PE ratio of 59.36, a PEG ratio of 1.09 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. Vertiv Holdings Co. has a 1 year low of $118.70 and a 1 year high of $379.93. The company's 50-day moving average is $294.65 and its two-hundred day moving average is $286.87.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.43 by $0.09. The company had revenue of $3.27 billion during 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%. Vertiv's revenue was up 24.1% on a year-over-year basis. During the same quarter in the previous 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 earnings per share for the current year.

Vertiv Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 15th were issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Monday, June 15th. Vertiv's payout ratio is currently 5.66%.

Analyst Ratings Changes

VRT has been the subject of a number of research analyst reports. Weiss Ratings cut Vertiv from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, August 14th. KeyCorp decreased their price objective on shares of Vertiv from $360.00 to $325.00 and set an "overweight" rating on the stock in a report on Thursday, July 30th. Oppenheimer reissued an "outperform" rating and set a $325.00 price objective on shares of Vertiv in a report on Thursday, July 30th. Bank of America raised their price objective on shares of Vertiv from $370.00 to $440.00 and gave the company a "buy" rating in a research report on Friday, May 15th. Finally, Glj Research raised shares of Vertiv from a "hold" rating to a "buy" rating and set a $381.00 target price for the company in a research note on Friday, August 7th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Vertiv has a consensus rating of "Buy" and an average target price of $357.83.

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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