Novare Capital Management LLC Sells 1,645 Shares of Vertiv Holdings Co. $VRT

Novare Capital Management LLC decreased its position in shares of Vertiv Holdings Co. (NYSE:VRT) by 11.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 12,968 shares of the company’s stock after selling 1,645 shares during the period. Novare Capital Management LLC’s holdings in Vertiv were worth $3,250,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Empowered Funds LLC increased its holdings in Vertiv by 25.9% during the 1st quarter. Empowered Funds LLC now owns 11,557 shares of the company’s stock valued at $834,000 after purchasing an additional 2,377 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in Vertiv in the second quarter worth $567,000. Cary Street Partners Financial LLC boosted its stake in 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 boosted its stake in 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 bought a new stake in shares of Vertiv during the second quarter worth $50,000. Institutional investors own 89.92% of the company’s stock.

Vertiv Stock Performance

Shares of Vertiv stock opened at $357.93 on Tuesday. The firm has a fifty day moving average of $322.97 and a two-hundred day moving average of $251.27. The stock has a market capitalization of $137.48 billion, a price-to-earnings ratio of 89.93, a PEG ratio of 1.44 and a beta of 2.04. Vertiv Holdings Co. has a 52 week low of $110.06 and a 52 week high of $379.93. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.15 and a current ratio of 1.49.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $2.63 billion. During the same period last year, the company earned $0.64 EPS. The firm’s revenue was up 30.1% on a year-over-year basis. 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, equities research analysts predict that Vertiv Holdings Co. will post 6.36 EPS for the current year.

Vertiv Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.0625 per share. The ex-dividend date is Monday, June 15th. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. Vertiv’s dividend payout ratio (DPR) is 6.28%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on VRT shares. Royal Bank Of Canada lifted their price target on Vertiv from $356.00 to $435.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Citigroup increased their price objective on shares of Vertiv from $353.00 to $414.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Oppenheimer raised their price objective on shares of Vertiv from $330.00 to $353.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. BNP Paribas Exane began coverage on shares of Vertiv in a research note on Tuesday, April 14th. They issued an “outperform” rating and a $345.00 target price for the company. Finally, Loop Capital began coverage on shares of Vertiv in a research report on Thursday, May 14th. They set a “buy” rating and a $500.00 target price on the stock. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Vertiv currently has an average rating of “Moderate Buy” and a consensus price target of $326.39.

Vertiv 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.