Janney Montgomery Scott LLC increased its stake in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) by 30.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 194,131 shares of the company’s stock after buying an additional 45,297 shares during the quarter. Janney Montgomery Scott LLC owned about 0.05% of Vertiv worth $48,646,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp lifted its position in shares of Vertiv by 2.8% during the 4th quarter. State Street Corp now owns 8,694,900 shares of the company’s stock valued at $1,408,661,000 after acquiring an additional 235,577 shares during the period. Geode Capital Management LLC increased its position in shares of Vertiv by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 7,065,912 shares of the company’s stock worth $1,141,723,000 after purchasing an additional 143,821 shares during the period. Invesco Ltd. raised its stake in Vertiv by 2.1% in the fourth quarter. Invesco Ltd. now owns 5,974,205 shares of the company’s stock valued at $967,881,000 after purchasing an additional 121,618 shares in the last quarter. Norges Bank acquired a new position in Vertiv in the fourth quarter valued at about $808,701,000. Finally, Northern Trust Corp lifted its position in Vertiv by 3.6% during the fourth quarter. Northern Trust Corp now owns 2,811,745 shares of the company’s stock worth $455,531,000 after purchasing an additional 97,141 shares during the period. Institutional investors own 89.92% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on VRT. Weiss Ratings downgraded shares of Vertiv from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. Loop Capital started coverage on shares of Vertiv in a report on Thursday, May 14th. They set a “buy” rating and a $500.00 price target for the company. Royal Bank Of Canada increased their price target on shares of Vertiv from $356.00 to $435.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Wall Street Zen cut shares of Vertiv from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. Finally, Evercore restated an “outperform” rating and set a $425.00 price objective on shares of Vertiv in a research report on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $326.39.
Vertiv Stock Up 0.1%
Shares of NYSE VRT opened at $304.11 on Monday. The company has a market cap of $116.81 billion, a price-to-earnings ratio of 76.41, a PEG ratio of 1.32 and a beta of 2.04. The company has a current ratio of 1.49, a quick ratio of 1.15 and a debt-to-equity ratio of 0.69. Vertiv Holdings Co. has a 12 month low of $110.06 and a 12 month high of $379.93. The stock has a 50-day moving average price of $324.10 and a two-hundred day moving average price of $254.98.
Vertiv (NYSE:VRT – Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.17. The company 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 firm’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same period last year, the company posted $0.64 EPS. Vertiv has set its Q2 2026 guidance at 1.370-1.430 EPS and its FY 2026 guidance at 6.300-6.400 EPS. As a group, analysts forecast that Vertiv Holdings Co. will post 6.36 earnings per share for the current fiscal year.
Vertiv Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 15th were given 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 dividend payout ratio (DPR) is currently 6.28%.
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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