Vertiv Holdings Co. $VRT Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc trimmed its holdings in Vertiv Holdings Co. (NYSE:VRT) by 32.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 729,503 shares of the company’s stock after selling 354,980 shares during the period. Vertiv comprises approximately 1.6% of Impax Asset Management Group plc’s holdings, making the stock its 15th largest holding. Impax Asset Management Group plc’s holdings in Vertiv were worth $244,252,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in VRT. Reliant Investment Partners LLC increased its stake in shares of Vertiv by 110.1% in the second quarter. Reliant Investment Partners LLC now owns 6,991 shares of the company’s stock worth $2,341,000 after buying an additional 3,663 shares during the last quarter. MJP Associates Inc. ADV acquired a new stake in Vertiv during the second quarter worth about $231,000. PCM Encore LLC bought a new stake in shares of Vertiv in the 2nd quarter worth approximately $523,000. Clay Northam Wealth Management LLC lifted its stake in Vertiv by 9.1% in the second quarter. Clay Northam Wealth Management LLC now owns 2,455 shares of the company’s stock valued at $822,000 after buying an additional 205 shares during the last quarter. Finally, Vise Technologies Inc. lifted its position in Vertiv by 78.8% in the 2nd quarter. Vise Technologies Inc. now owns 16,828 shares of the company’s stock valued at $5,634,000 after purchasing an additional 7,414 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Fox Advisors upgraded Vertiv from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 21st. TD Cowen increased their price objective on shares of Vertiv from $347.00 to $387.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. Citigroup decreased their target price on Vertiv from $414.00 to $358.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. UBS Group restated a “buy” rating and issued a $370.00 price target on shares of Vertiv in a research report on Thursday, July 30th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $368.00 price target on shares of Vertiv in a research note on Friday, July 31st. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $357.83.

Vertiv Trading Up 1.2%

NYSE VRT opened at $264.25 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.03 and a debt-to-equity ratio of 0.62. Vertiv Holdings Co. has a 1-year low of $118.70 and a 1-year high of $379.93. The firm’s fifty day simple moving average is $295.45 and its 200-day simple moving average is $287.04. The company has a market capitalization of $101.73 billion, a PE ratio of 59.79, a price-to-earnings-growth ratio of 1.07 and a beta of 2.06.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.09. The business had revenue of $3.27 billion during the quarter, compared to analyst estimates of $3.38 billion. Vertiv had a return on equity of 50.47% and a net margin of 15.09%.The firm’s revenue was up 24.1% on a year-over-year basis. During the same period in the previous year, the company earned $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, sell-side analysts anticipate that Vertiv Holdings Co. will post 6.7 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 15th were issued a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 0.1%. The ex-dividend date was Monday, June 15th. Vertiv’s dividend payout ratio (DPR) is 5.66%.

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.