Raiffeisen Bank International AG lowered its stake in Vertiv Holdings Co. (NYSE:VRT – Free Report) by 23.5% in the fourth quarter, Holdings Channel reports. The fund owned 216,207 shares of the company’s stock after selling 66,326 shares during the quarter. Raiffeisen Bank International AG’s holdings in Vertiv were worth $35,531,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Meeder Asset Management Inc. lifted its holdings in shares of Vertiv by 211.3% in the fourth quarter. Meeder Asset Management Inc. now owns 165 shares of the company’s stock worth $27,000 after acquiring an additional 112 shares during the last quarter. Park Place Capital Corp lifted its holdings in shares of Vertiv by 624.0% in the fourth quarter. Park Place Capital Corp now owns 181 shares of the company’s stock worth $29,000 after acquiring an additional 156 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of Vertiv in the fourth quarter worth about $29,000. Cullen Frost Bankers Inc. lifted its holdings in shares of Vertiv by 98.9% in the fourth quarter. Cullen Frost Bankers Inc. now owns 187 shares of the company’s stock worth $30,000 after acquiring an additional 93 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of Vertiv in the third quarter worth about $30,000. Institutional investors own 89.92% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the stock. Royal Bank Of Canada increased their target price on shares of Vertiv from $356.00 to $435.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Roth Mkm reissued a “buy” rating and issued a $355.00 target price on shares of Vertiv in a report on Thursday, May 21st. Mizuho set a $380.00 price objective on Vertiv in a research note on Thursday, May 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $281.00 price objective on shares of Vertiv in a research note on Thursday, February 12th. Finally, Weiss Ratings downgraded Vertiv from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Vertiv presently has a consensus rating of “Moderate Buy” and an average price target of $326.39.
Vertiv Stock Performance
NYSE:VRT opened at $297.80 on Friday. The company has a market capitalization of $114.39 billion, a PE ratio of 74.82, a P/E/G ratio of 1.22 and a beta of 2.03. The company has a 50 day simple moving average of $315.26 and a two-hundred day simple moving average of $244.00. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.15 and a current ratio of 1.49. Vertiv Holdings Co. has a fifty-two week low of $108.81 and a fifty-two week high of $379.93.
Vertiv (NYSE:VRT – Get Free Report) last released its 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 business had revenue of $2.65 billion during 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 company’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. Research analysts anticipate that Vertiv Holdings Co. will post 6.36 earnings per share for the current year.
Vertiv Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Monday, June 15th will be given 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 is Monday, June 15th. Vertiv’s dividend payout ratio is currently 6.28%.
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.
See Also
- Five stocks we like better than Vertiv
- Microsoft Just Gave Investors 3 Dates They Can’t Afford to Ignore
- NVIDIA’s Outlook Gains Momentum: Stock Price to Follow
- The World Cup Is Coming—These 3 Stocks Could Cash In
- Spotify’s “North Star” Outlook Was Music to Investors Ears
Want to see what other hedge funds are holding VRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vertiv Holdings Co. (NYSE:VRT – Free Report).
Receive News & Ratings for Vertiv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vertiv and related companies with MarketBeat.com's FREE daily email newsletter.
