Canada Pension Plan Investment Board trimmed its position in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) by 8.1% during the second quarter, Holdings Channel.com reports. The firm owned 791,292 shares of the company’s stock after selling 69,376 shares during the period. Canada Pension Plan Investment Board’s holdings in Vertiv were worth $264,940,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of VRT. State Street Corp increased its stake in Vertiv by 2.8% during the 4th quarter. State Street Corp now owns 8,694,900 shares of the company’s stock valued at $1,408,661,000 after purchasing an additional 235,577 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Vertiv by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 7,065,912 shares of the company’s stock valued at $1,141,723,000 after buying an additional 143,821 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Vertiv by 2.1% during the fourth quarter. Invesco Ltd. now owns 5,974,205 shares of the company’s stock valued at $967,881,000 after buying an additional 121,618 shares during the last quarter. Norges Bank acquired a new position in shares of Vertiv during the fourth quarter valued at about $808,701,000. Finally, Northern Trust Corp increased its position in shares of Vertiv by 3.6% during the fourth quarter. Northern Trust Corp now owns 2,811,745 shares of the company’s stock worth $455,531,000 after acquiring an additional 97,141 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on VRT shares. Royal Bank Of Canada lowered their target price on shares of Vertiv from $418.00 to $337.00 and set an “outperform” rating on the stock in a report on Thursday, July 30th. Bank of America lifted their price target on Vertiv from $370.00 to $440.00 and gave the company a “buy” rating in a research note on Friday, May 15th. UBS Group reissued a “buy” rating and set a $370.00 price objective on shares of Vertiv in a report on Thursday, July 30th. Oppenheimer restated an “outperform” rating and issued a $325.00 target price on shares of Vertiv in a report on Thursday, July 30th. Finally, Citigroup cut their target price on Vertiv from $414.00 to $358.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $357.83.
Vertiv Price Performance
Vertiv stock opened at $255.52 on Wednesday. Vertiv Holdings Co. has a 52 week low of $118.70 and a 52 week high of $379.93. The company’s 50 day moving average price is $292.63 and its two-hundred day moving average price is $288.52. The stock has a market cap of $98.37 billion, a P/E ratio of 57.81, a P/E/G ratio of 1.05 and a beta of 2.06. The company has a quick ratio of 1.03, a current ratio of 1.38 and a debt-to-equity ratio of 0.62.
Vertiv (NYSE:VRT – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.09. Vertiv had a return on equity of 50.47% and a net margin of 15.09%.The firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.38 billion. During the same quarter in the prior year, the company earned $0.95 EPS. The business’s revenue for the quarter was up 24.1% on a year-over-year basis. Vertiv has set its Q3 2026 guidance at 1.770-1.830 EPS and its FY 2026 guidance at 6.650-6.750 EPS. On average, equities analysts predict that Vertiv Holdings Co. will post 6.7 earnings per share for the current year.
Vertiv Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 15th were issued 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 dividend payout ratio is presently 5.66%.
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.
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