Renaissance Technologies LLC lessened its holdings in Vertiv Holdings Co. (NYSE:VRT – Free Report) by 15.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 967,990 shares of the company’s stock after selling 176,339 shares during the period. Renaissance Technologies LLC’s holdings in Vertiv were worth $242,559,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the business. Vermillion & White Wealth Management Group LLC grew its stake in shares of Vertiv by 58.3% in 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 in the last quarter. Sankala Group LLC purchased a new position in Vertiv in the fourth quarter worth about $27,000. Meeder Asset Management Inc. grew its position in 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 in the last quarter. Rossby Financial LCC bought a new stake in Vertiv during the fourth quarter worth approximately $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Vertiv during the fourth quarter worth approximately $29,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.
Vertiv News Roundup
Here are the key news stories impacting Vertiv this week:
- Positive Sentiment: KeyCorp upgraded Vertiv to “strong-buy”, a vote of confidence that signals analysts see more upside in the stock. Zacks.com
- Positive Sentiment: Vertiv is being highlighted as a leading AI infrastructure play, with Zacks arguing investors may prefer infrastructure names like VRT over AI chips and mega-cap tech for exposure to the AI boom. Article Title
- Positive Sentiment: Investors are anticipating Vertiv’s upcoming Q2 earnings, with expectations for strong revenue and EPS growth driven by AI-related demand, partnerships, and expansion efforts. Article Title
- Positive Sentiment: Vertiv announced it is expanding manufacturing and testing capacity at its Tognana campus near Padua, which could help it meet growing demand and support future sales. Article Title
- Positive Sentiment: The company also announced a deployment supporting the Naval Postgraduate School’s NVIDIA DGX GB300 system, showcasing Vertiv’s integrated power, liquid cooling, rack infrastructure, and installation services for high-density AI systems. Article Title
- Neutral Sentiment: Recent articles note that Vertiv’s rally has cooled after a big run-up, with the stock pulling back from prior gains; this suggests some profit-taking, though the longer-term growth story remains intact. Article Title
- Negative Sentiment: One recent note said Vertiv dipped more than the broader market in the latest session, reflecting short-term volatility despite the strong fundamental backdrop. Article Title
Analysts Set New Price Targets
Read Our Latest Analysis on VRT
Vertiv Stock Down 4.5%
Shares of VRT opened at $290.29 on Friday. The firm has a market capitalization of $111.50 billion, a P/E ratio of 72.94, a P/E/G ratio of 1.31 and a beta of 2.03. Vertiv Holdings Co. has a 12-month low of $118.70 and a 12-month high of $379.93. The company has a current ratio of 1.49, a quick ratio of 1.15 and a debt-to-equity ratio of 0.69. The firm has a fifty day moving average price of $313.24 and a 200-day moving average price of $274.03.
Vertiv (NYSE:VRT – Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $1.17 EPS for the quarter, topping the consensus estimate of $1.00 by $0.17. Vertiv had a net margin of 14.37% and a return on equity of 49.90%. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.63 billion. During the same quarter last year, the firm posted $0.64 EPS. The firm’s revenue was up 30.1% compared to the same quarter last year. Equities research analysts expect that Vertiv Holdings Co. will post 6.38 earnings per share for the current year.
Vertiv Announces Dividend
The business 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. This represents a $0.25 annualized dividend 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%.
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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