Jupiter Topco LLC bought a new stake in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 1,317,408 shares of the company’s stock, valued at approximately $441,083,000.
A number of other hedge funds and other institutional investors have also modified their holdings of VRT. Vermillion & White Wealth Management Group LLC raised its holdings in Vertiv by 58.3% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 152 shares of the company’s stock worth $25,000 after buying an additional 56 shares during the period. Sankala Group LLC acquired a new stake in shares of Vertiv during the fourth quarter valued at approximately $27,000. Meeder Asset Management Inc. raised its holdings in shares of Vertiv by 211.3% during the fourth quarter. Meeder Asset Management Inc. now owns 165 shares of the company’s stock valued at $27,000 after acquiring an additional 112 shares during the period. Rossby Financial LCC purchased a new stake in shares of Vertiv in the 4th quarter valued at approximately $27,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in Vertiv in the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 89.92% of the company’s stock.
Wall Street Analyst Weigh In
VRT has been the subject of a number of research analyst reports. Zacks Research upgraded Vertiv from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. Citigroup lowered their target price on Vertiv from $414.00 to $358.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Royal Bank Of Canada reduced their price target on shares of Vertiv from $418.00 to $337.00 and set an “outperform” rating for the company in a research report on Thursday, July 30th. Loop Capital initiated 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. Finally, Piper Sandler set a $375.00 price objective on shares of Vertiv in a research report on Wednesday, July 29th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $357.83.
Vertiv Stock Up 0.2%
Shares of Vertiv stock opened at $255.52 on Wednesday. The firm has a market cap of $98.37 billion, a price-to-earnings ratio of 57.81, a P/E/G ratio of 1.05 and a beta of 2.06. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.38 and a quick ratio of 1.03. Vertiv Holdings Co. has a 52-week low of $118.70 and a 52-week high of $379.93. The stock has a 50-day simple moving average of $292.63 and a 200-day simple moving average of $288.52.
Vertiv (NYSE:VRT – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.09. The firm had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $3.38 billion. Vertiv had a return on equity of 50.47% and a net margin of 15.09%.The firm’s revenue was up 24.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.95 earnings per share. 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 expect that Vertiv Holdings Co. will post 6.7 earnings per share for the current fiscal year.
Vertiv Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 15th were paid 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 is 5.66%.
Vertiv Company 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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