Westport Asset Management Inc. decreased its position in Vertiv Holdings Co. (NYSE:VRT – Free Report) by 25.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,000 shares of the company’s stock after selling 2,000 shares during the period. Westport Asset Management Inc.’s holdings in Vertiv were worth $1,503,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the business. Empowered Funds LLC increased its position in 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 period. Sivia Capital Partners LLC acquired a new position in Vertiv during the 2nd quarter worth $567,000. Cary Street Partners Financial LLC grew its stake in shares of Vertiv by 19.8% in the second quarter. Cary Street Partners Financial LLC now owns 1,390 shares of the company’s stock worth $178,000 after purchasing an additional 230 shares in the last quarter. Bank of Nova Scotia grew its stake in shares of Vertiv by 49.7% in the second quarter. Bank of Nova Scotia now owns 29,239 shares of the company’s stock worth $3,755,000 after purchasing an additional 9,712 shares in the last quarter. Finally, Ossiam acquired a new position in shares of Vertiv during the second quarter valued at $50,000. Institutional investors own 89.92% of the company’s stock.
Key Vertiv News
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
Vertiv Stock Down 0.0%
Vertiv Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 15th were given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Monday, June 15th. Vertiv’s dividend payout ratio is 6.28%.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on VRT. Morgan Stanley upped their price objective on shares of Vertiv from $285.00 to $350.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Wall Street Zen cut shares of Vertiv from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. Jefferies Financial Group restated a “hold” rating and set a $260.00 price target (down from $280.00) on shares of Vertiv in a research report on Tuesday, March 31st. Fox Advisors upgraded shares of Vertiv from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 21st. Finally, Royal Bank Of Canada lowered their price objective on shares of Vertiv from $435.00 to $418.00 and set an “outperform” rating on the stock in a research note on Thursday, July 16th. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and five have given 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 target price of $343.48.
Read Our Latest Report on Vertiv
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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