Vertiv Holdings Co. $VRT Shares Bought by Jones Financial Companies Lllp

Jones Financial Companies Lllp lifted its holdings in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) by 6.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 275,473 shares of the company’s stock after purchasing an additional 16,046 shares during the period. Jones Financial Companies Lllp’s holdings in Vertiv were worth $92,234,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the business. Norges Bank acquired a new position in Vertiv during the fourth quarter worth $808,701,000. Marshall Wace LLP lifted its holdings in Vertiv by 265.6% in the fourth quarter. Marshall Wace LLP now owns 2,670,007 shares of the company’s stock valued at $432,568,000 after acquiring an additional 1,939,749 shares during the period. Alkeon Capital Management LLC boosted its position in shares of Vertiv by 178.2% during the 4th quarter. Alkeon Capital Management LLC now owns 2,003,110 shares of the company’s stock worth $324,524,000 after purchasing an additional 1,283,110 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Vertiv by 49.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,811,114 shares of the company’s stock worth $361,033,000 after purchasing an additional 930,158 shares during the period. Finally, Qube Research & Technologies Ltd acquired a new position in shares of Vertiv during the 3rd quarter worth $125,331,000. 89.92% of the stock is owned by institutional investors and hedge funds.

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Vertiv Stock Down 2.7%

Shares of NYSE:VRT opened at $254.98 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.38 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $98.16 billion, a P/E ratio of 57.69, a P/E/G ratio of 1.08 and a beta of 2.06. Vertiv Holdings Co. has a 52-week low of $118.70 and a 52-week high of $379.93. The stock’s fifty day simple moving average is $293.51 and its 200-day simple moving average is $288.01.

Vertiv (NYSE:VRT – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.09. The firm had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $3.38 billion. Vertiv had a return on equity of 50.47% and a net margin of 15.09%.The firm’s quarterly revenue was up 24.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.95 EPS. 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 forecast that Vertiv Holdings Co. will post 6.7 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

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

Analyst Ratings Changes

A number of analysts recently commented on VRT shares. Roth Capital reissued a “buy” rating and set a $355.00 price objective on shares of Vertiv in a report on Thursday, May 21st. Evercore set a $375.00 price target on shares of Vertiv in a research report on Wednesday, July 29th. UBS Group reissued a “buy” rating and set a $370.00 price target on shares of Vertiv in a research note on Thursday, July 30th. Loop Capital started coverage on Vertiv in a research note on Thursday, May 14th. They issued a “buy” rating and a $500.00 price objective for the company. Finally, Robert W. Baird set a $320.00 price objective on Vertiv in a report on Thursday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $357.83.

Read Our Latest Report on VRT

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.

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