QRG Capital Management Inc. grew its stake in Vertiv Holdings Co. (NYSE:VRT – Free Report) by 11.7% in the second quarter, HoldingsChannel.com reports. The fund owned 103,334 shares of the company’s stock after acquiring an additional 10,835 shares during the period. QRG Capital Management Inc.’s holdings in Vertiv were worth $34,598,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. SFE Investment Counsel boosted its stake in Vertiv by 1.1% during the 1st quarter. SFE Investment Counsel now owns 3,052 shares of the company’s stock worth $765,000 after acquiring an additional 32 shares during the last quarter. Versant Capital Management Inc increased its stake in Vertiv by 3.0% in the second quarter. Versant Capital Management Inc now owns 1,156 shares of the company’s stock valued at $387,000 after purchasing an additional 34 shares in the last quarter. Webster Bank N. A. raised its holdings in Vertiv by 6.9% in the first quarter. Webster Bank N. A. now owns 542 shares of the company’s stock worth $136,000 after purchasing an additional 35 shares during the period. Sachetta LLC raised its holdings in Vertiv by 41.4% in the first quarter. Sachetta LLC now owns 123 shares of the company’s stock worth $31,000 after purchasing an additional 36 shares during the period. Finally, Pincus Capital Management LP boosted its position in shares of Vertiv by 0.8% during the first quarter. Pincus Capital Management LP now owns 4,713 shares of the company’s stock worth $1,181,000 after purchasing an additional 38 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In related news, Director Edward Monser sold 15,287 shares of Vertiv stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $253.82, for a total value of $3,880,146.34. Following the completion of the sale, the director owned 16,500 shares of the company’s stock, valued at approximately $4,188,030. This trade represents a 48.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is currently owned by insiders.
Vertiv Price Performance
Vertiv (NYSE:VRT – Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.43 by $0.09. The firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.38 billion. Vertiv had a return on equity of 50.47% and a net margin of 15.09%.The business’s quarterly revenue was up 24.1% on a year-over-year basis. During the same quarter in the previous year, the firm 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. As a group, equities research analysts predict that Vertiv Holdings Co. will post 6.72 EPS for the current fiscal year.
Vertiv Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Monday, September 14th will be paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Monday, September 14th. Vertiv’s payout ratio is presently 5.66%.
Analyst Upgrades and Downgrades
VRT has been the subject of several recent analyst reports. Piper Sandler set a $375.00 price target on Vertiv in a report on Wednesday, July 29th. Evercore set a $375.00 price objective on Vertiv in a research report on Wednesday, July 29th. Wall Street Zen raised Vertiv from a “hold” rating to a “buy” rating in a research note on Saturday. Citigroup dropped their target price on shares of Vertiv from $414.00 to $358.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Finally, Robert W. Baird set a $320.00 price target on shares of Vertiv in a research note on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $357.83.
Check Out Our Latest Research Report on VRT
Vertiv Company Profile
Vertiv Holdings Co (NYSE: VRT) designs, manufactures and services critical digital infrastructure that helps data centers, communications networks and other facilities operate reliably and efficiently. Its solutions support the availability, performance and growth of information technology systems.
The company’s products and services include power management and distribution equipment, uninterruptible power supplies, thermal management and cooling systems, racks and integrated infrastructure, monitoring and management software, and lifecycle services.
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