Bleakley Financial Group LLC acquired a new stake in Vertiv Holdings Co. (NYSE:VRT – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,935 shares of the company’s stock, valued at approximately $2,991,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of VRT. Norges Bank acquired a new position in Vertiv in the fourth quarter worth $808,701,000. Marshall Wace LLP raised its holdings in shares of Vertiv by 265.6% during the fourth quarter. Marshall Wace LLP now owns 2,670,007 shares of the company’s stock worth $432,568,000 after purchasing an additional 1,939,749 shares during the period. Alkeon Capital Management LLC raised its holdings in shares of Vertiv by 178.2% during the fourth quarter. Alkeon Capital Management LLC now owns 2,003,110 shares of the company’s stock worth $324,524,000 after purchasing an additional 1,283,110 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Vertiv by 49.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,811,114 shares of the company’s stock worth $361,033,000 after buying an additional 930,158 shares during the last quarter. Finally, Qube Research & Technologies Ltd bought a new position in shares of Vertiv in the 3rd quarter worth about $125,331,000. Institutional investors and hedge funds own 89.92% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on VRT. BNP Paribas Exane initiated coverage on shares of Vertiv in a report on Tuesday, April 14th. They issued an “outperform” rating and a $345.00 target price on the stock. The Goldman Sachs Group upped their target price on Vertiv from $277.00 to $311.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. Weiss Ratings downgraded Vertiv from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, April 24th. Wall Street Zen lowered Vertiv from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 20th. Finally, Sanford C. Bernstein initiated coverage on Vertiv in a research note on Tuesday, June 9th. They set an “outperform” rating and a $416.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $343.50.
Vertiv Price Performance
Shares of NYSE VRT opened at $305.16 on Thursday. The stock has a market cap of $117.21 billion, a P/E ratio of 76.67, a P/E/G ratio of 1.31 and a beta of 2.03. The firm’s 50-day simple moving average is $322.36 and its 200 day simple moving average is $268.37. Vertiv Holdings Co. has a fifty-two week low of $118.70 and a fifty-two 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 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.17. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.63 billion. Vertiv had a net margin of 14.37% and a return on equity of 49.90%. The business’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same quarter last year, the business earned $0.64 earnings per share. Vertiv has set its Q2 2026 guidance at 1.370-1.430 EPS and its FY 2026 guidance at 6.300-6.400 EPS. Equities analysts expect that Vertiv Holdings Co. will post 6.38 EPS for the current year.
Vertiv Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 15th were paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, June 15th. Vertiv’s 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.
Read More
- Five stocks we like better than Vertiv
- Why Johnson & Johnson’s Earnings Dip Looks Like a Buying Opportunity
- CPI Comes In Cool: Why It Could Revive These 3 Rate-Sensitive Stocks
- Why ASML’s AI Monopoly Is Still Getting Stronger
- Apple’s AI Toll Booth Thesis Faces Its Biggest Test Yet Before Earnings
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.
