Summerhill Capital Management lnc. Cuts Holdings in Vertiv Holdings Co. $VRT

Summerhill Capital Management lnc. decreased its position in Vertiv Holdings Co. (NYSE:VRT) by 42.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 15,679 shares of the company’s stock after selling 11,517 shares during the period. Vertiv accounts for about 2.3% of Summerhill Capital Management lnc.’s portfolio, making the stock its 16th largest position. Summerhill Capital Management lnc.’s holdings in Vertiv were worth $2,540,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Vertiv by 2.2% during the third quarter. Vanguard Group Inc. now owns 38,833,036 shares of the company’s stock worth $5,858,352,000 after purchasing an additional 826,281 shares in the last quarter. State Street Corp boosted its position in Vertiv by 2.3% during the third quarter. State Street Corp now owns 8,459,323 shares of the company’s stock worth $1,276,173,000 after purchasing an additional 189,484 shares in the last quarter. American Century Companies Inc. boosted its position in Vertiv by 16.7% during the third quarter. American Century Companies Inc. now owns 3,431,760 shares of the company’s stock worth $517,715,000 after purchasing an additional 491,349 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Vertiv by 49.5% during the second 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 in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Vertiv by 1.6% during the third quarter. Bank of New York Mellon Corp now owns 2,143,067 shares of the company’s stock worth $323,303,000 after purchasing an additional 33,012 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Insider Transactions at Vertiv

In related news, Director Jan Van Dokkum sold 38,647 shares of the stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $254.87, for a total value of $9,849,960.89. Following the completion of the sale, the director owned 25,000 shares of the company’s stock, valued at approximately $6,371,750. This trade represents a 60.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Edward L. Monser sold 77,294 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $245.49, for a total value of $18,974,904.06. Following the completion of the sale, the director directly owned 16,500 shares of the company’s stock, valued at approximately $4,050,585. This represents a 82.41% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 489,761 shares of company stock valued at $123,356,815. 1.10% of the stock is currently owned by company insiders.

Vertiv Price Performance

Shares of Vertiv stock opened at $340.05 on Friday. The business has a 50 day simple moving average of $280.39 and a two-hundred day simple moving average of $217.77. Vertiv Holdings Co. has a 12 month low of $92.13 and a 12 month high of $359.84. The stock has a market capitalization of $130.62 billion, a P/E ratio of 85.44, a PEG ratio of 1.54 and a beta of 2.09. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.49 and a quick ratio of 1.15.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, April 22nd. The company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.17. Vertiv had a return on equity of 49.90% and a net margin of 14.37%.The business had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.63 billion. During the same quarter in the prior year, the firm earned $0.64 earnings per share. The business’s revenue was up 30.1% compared to the same quarter last year. Vertiv has set its Q2 2026 guidance at 1.370-1.430 EPS and its FY 2026 guidance at 6.300-6.400 EPS. As a group, analysts predict that Vertiv Holdings Co. will post 6.42 EPS for the current fiscal year.

Vertiv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Tuesday, March 17th were issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Tuesday, March 17th. Vertiv’s dividend payout ratio (DPR) is currently 6.28%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on VRT. HSBC began coverage on Vertiv in a research report on Wednesday, March 25th. They set a “buy” rating and a $325.00 price target on the stock. Citigroup increased their price target on Vertiv from $353.00 to $414.00 and gave the stock a “buy” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $281.00 target price on shares of Vertiv in a report on Thursday, February 12th. Evercore reissued an “outperform” rating and set a $350.00 target price on shares of Vertiv in a report on Monday, April 20th. Finally, Barclays increased their target price on Vertiv from $300.00 to $345.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Twenty-one equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $281.29.

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.