Caisse de depot et placement du Quebec cut its stake in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) by 32.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 260,663 shares of the company’s stock after selling 127,266 shares during the quarter. Caisse de depot et placement du Quebec owned approximately 0.07% of Vertiv worth $87,275,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Sachetta LLC grew its position in Vertiv by 41.4% during the 1st quarter. Sachetta LLC now owns 123 shares of the company’s stock worth $31,000 after acquiring an additional 36 shares during the last quarter. Cornerstone Planning Group LLC raised its position in Vertiv by 60.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 130 shares of the company’s stock valued at $33,000 after purchasing an additional 49 shares during the last quarter. GoalVest Advisory LLC raised its position in Vertiv by 87.3% in the 2nd quarter. GoalVest Advisory LLC now owns 148 shares of the company’s stock valued at $50,000 after purchasing an additional 69 shares during the last quarter. Vermillion & White Wealth Management Group LLC raised its position in Vertiv by 58.3% in the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 152 shares of the company’s stock valued at $25,000 after purchasing an additional 56 shares during the last quarter. Finally, Center for Financial Planning Inc. boosted its stake in Vertiv by 554.2% in the first quarter. Center for Financial Planning Inc. now owns 157 shares of the company’s stock worth $39,000 after purchasing an additional 133 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.
Vertiv Stock Up 2.2%
VRT stock opened at $269.68 on Friday. Vertiv Holdings Co. has a fifty-two week low of $118.70 and a fifty-two week high of $379.93. The stock has a market capitalization of $103.82 billion, a price-to-earnings ratio of 61.01, a PEG ratio of 1.08 and a beta of 2.06. The business’s fifty day moving average price is $290.28 and its two-hundred day moving average price is $289.65. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.38 and a quick ratio of 1.03.
Vertiv Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 15th were paid 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 currently 5.66%.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on VRT. KeyCorp lowered their price objective on shares of Vertiv from $360.00 to $325.00 and set an “overweight” rating for the company in a research report on Thursday, July 30th. Sanford C. Bernstein reiterated an “outperform” rating and set a $368.00 target price on shares of Vertiv in a research report on Friday, July 31st. Glj Research upgraded Vertiv from a “hold” rating to a “buy” rating and set a $381.00 price objective for the company in a research report on Friday, August 7th. UBS Group reissued a “buy” rating and set a $370.00 price objective on shares of Vertiv in a report on Thursday, July 30th. Finally, Piper Sandler set a $375.00 target price on shares of Vertiv in a research report on Wednesday, July 29th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Vertiv has an average rating of “Buy” and an average price target of $357.83.
Get Our Latest Analysis on Vertiv
Vertiv News Summary
Here are the key news stories impacting Vertiv this week:
- Positive Sentiment: Vertiv’s integrated portfolio of power, cooling and data-center infrastructure is positioned to benefit from the rapid expansion of AI workloads. An analyst report highlighted the company’s potential to increase revenue per megawatt, expand higher-margin services and achieve management’s long-term targets of 20%–22% organic sales growth and operating margins above 27% by 2030. Vertiv: AI’s Physical Bottleneck Is Expanding Its Value Per Megawatt
- Positive Sentiment: Wall Street’s consensus price target implies approximately 28.4% upside from recent levels. Although price targets are not always reliable, the article notes that improving earnings-estimate revisions could support near-term momentum. Wall Street Analysts Believe Vertiv Could Rally 28.42%
- Positive Sentiment: Additional research characterizes Vertiv as a growth stock, citing above-average financial growth, strong interest coverage, recurring service opportunities and generally favorable analyst sentiment. The company’s participation in an upcoming Goldman Sachs technology conference may also improve investor visibility. Vertiv Is an Incredible Growth Stock
- Neutral Sentiment: Vertiv’s latest quarter showed strong earnings growth and an EPS beat, but revenue came in below expectations despite substantial year-over-year growth. This mixed performance leaves investors focused on execution and the company’s ability to sustain AI-related demand.
- Negative Sentiment: Pomerantz LLP announced an investigation into potential claims on behalf of Vertiv investors. The announcement can weigh on sentiment by raising concerns about possible securities-law exposure and adding legal uncertainty. Pomerantz Investor Alert
- Negative Sentiment: Hagens Berman is also investigating potential securities-law violations following a sharp decline attributed to disappointing second-quarter results and unexpected execution challenges. Multiple law-firm announcements may increase volatility and reinforce concerns about operational delivery. Hagens Berman Vertiv Investor Alert
Vertiv Company 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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