Focus Financial Network Inc. Has $2.12 Million Stake in Vertiv Holdings Co. $VRT

Focus Financial Network Inc. reduced its stake in Vertiv Holdings Co. (NYSE:VRTFree Report) by 68.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,321 shares of the company’s stock after selling 13,961 shares during the period. Focus Financial Network Inc.’s holdings in Vertiv were worth $2,116,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in VRT. Empowered Funds LLC lifted its stake in shares of Vertiv by 25.9% in the 1st quarter. Empowered Funds LLC now owns 11,557 shares of the company’s stock valued at $834,000 after acquiring an additional 2,377 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in Vertiv in the 2nd quarter worth about $567,000. Cary Street Partners Financial LLC raised its position in Vertiv by 19.8% in the second quarter. Cary Street Partners Financial LLC now owns 1,390 shares of the company’s stock valued at $178,000 after purchasing an additional 230 shares during the last quarter. Bank of Nova Scotia boosted its stake in shares of Vertiv by 49.7% during the second quarter. Bank of Nova Scotia now owns 29,239 shares of the company’s stock valued at $3,755,000 after purchasing an additional 9,712 shares in the last quarter. Finally, Ossiam bought a new stake in shares of Vertiv during the second quarter worth about $50,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Trading Down 0.7%

NYSE:VRT opened at $270.55 on Tuesday. 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 1.38, a quick ratio of 1.03 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $104.16 billion, a price-to-earnings ratio of 61.21, a PEG ratio of 1.12 and a beta of 2.06. The firm has a fifty day simple moving average of $299.76 and a two-hundred day simple moving average of $281.73.

Vertiv (NYSE:VRTGet Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.09. The firm had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.38 billion. Vertiv had a net margin of 15.09% and a return on equity of 50.47%. The business’s quarterly revenue was up 24.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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. Analysts expect that Vertiv Holdings Co. will post 6.7 EPS for the current fiscal year.

Vertiv Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 15th were issued a dividend of $0.0625 per share. The ex-dividend date was Monday, June 15th. This represents a $0.25 annualized dividend and a yield of 0.1%. Vertiv’s dividend payout ratio is presently 5.66%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on VRT. Barclays raised their price objective on Vertiv from $345.00 to $412.00 and gave the stock an “overweight” rating in a research report on Friday, May 15th. Robert W. Baird set a $320.00 price target on shares of Vertiv in a report on Thursday, July 30th. The Goldman Sachs Group boosted their price target on shares of Vertiv from $277.00 to $311.00 and gave the stock a “buy” rating in a research report on Tuesday, April 14th. BNP Paribas Exane began coverage on shares of Vertiv in a research note on Tuesday, April 14th. They issued an “outperform” rating and a $345.00 price objective on the stock. Finally, JPMorgan Chase & Co. increased their price objective on shares of Vertiv from $305.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Vertiv has a consensus rating of “Buy” and an average price target of $348.54.

View Our Latest Analysis on Vertiv

About Vertiv

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Vertiv (NYSE:VRT)

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.