Ibex Wealth Advisors increased its holdings in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) by 1.9% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 99,511 shares of the company’s stock after purchasing an additional 1,892 shares during the quarter. Vertiv comprises about 2.3% of Ibex Wealth Advisors’ investment portfolio, making the stock its 8th biggest holding. Ibex Wealth Advisors’ holdings in Vertiv were worth $24,936,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC boosted its position in shares of Vertiv by 58.3% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 152 shares of the company’s stock worth $25,000 after acquiring an additional 56 shares during the last quarter. Sankala Group LLC acquired a new position in Vertiv during the fourth quarter worth approximately $27,000. Meeder Asset Management Inc. raised its stake in Vertiv by 211.3% during the fourth quarter. Meeder Asset Management Inc. now owns 165 shares of the company’s stock worth $27,000 after purchasing an additional 112 shares during the period. Rossby Financial LCC acquired a new position in shares of Vertiv in the 4th quarter valued at $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Vertiv during the 4th quarter valued at $29,000. 89.92% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
VRT has been the subject of a number of research reports. Oppenheimer upped their price target on Vertiv from $330.00 to $353.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Bank of America lifted their price objective on Vertiv from $370.00 to $440.00 and gave the company a “buy” rating in a research note on Friday, May 15th. HSBC initiated coverage on Vertiv in a report on Wednesday, March 25th. They set a “buy” rating and a $325.00 target price for the company. Mizuho set a $380.00 target price on shares of Vertiv in a research report on Thursday, May 21st. Finally, Loop Capital assumed coverage on shares of Vertiv in a report on Thursday, May 14th. They issued a “buy” rating and a $500.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Vertiv presently has an average rating of “Moderate Buy” and an average price target of $342.24.
Vertiv Trading Up 1.8%
VRT opened at $323.42 on Friday. The firm has a market capitalization of $124.23 billion, a P/E ratio of 81.26, a P/E/G ratio of 1.37 and a beta of 2.03. The firm’s 50 day moving average is $324.39 and its 200-day moving average is $264.37. Vertiv Holdings Co. has a 52-week low of $110.06 and a 52-week high of $379.93. The company has a quick ratio of 1.15, a current ratio of 1.49 and a debt-to-equity ratio of 0.69.
Vertiv (NYSE:VRT – Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $2.63 billion. Vertiv had a net margin of 14.37% and a return on equity of 49.90%. The firm’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same period in the prior 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. Analysts expect that Vertiv Holdings Co. will post 6.38 EPS for the current fiscal year.
Vertiv Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 15th were paid 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 was Monday, June 15th. Vertiv’s dividend payout ratio is 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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