OVERSEA CHINESE BANKING Corp Ltd trimmed its stake in Vertiv Holdings Co. (NYSE:VRT – Free Report) by 13.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,934 shares of the company’s stock after selling 2,660 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Vertiv were worth $5,666,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. SFE Investment Counsel boosted its position in shares of Vertiv by 1.1% in the 1st quarter. SFE Investment Counsel now owns 3,052 shares of the company’s stock valued at $765,000 after purchasing an additional 32 shares during the period. Versant Capital Management Inc lifted its stake in Vertiv by 3.0% during the second quarter. Versant Capital Management Inc now owns 1,156 shares of the company’s stock valued at $387,000 after buying an additional 34 shares in the last quarter. Webster Bank N. A. lifted its stake in Vertiv by 6.9% during the first quarter. Webster Bank N. A. now owns 542 shares of the company’s stock valued at $136,000 after buying an additional 35 shares in the last quarter. Sachetta LLC boosted its holdings in shares of Vertiv by 41.4% in the first quarter. Sachetta LLC now owns 123 shares of the company’s stock worth $31,000 after buying an additional 36 shares during the period. Finally, Pincus Capital Management LP increased its position in shares of Vertiv by 0.8% in the first quarter. Pincus Capital Management LP now owns 4,713 shares of the company’s stock worth $1,181,000 after acquiring an additional 38 shares in the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities research analysts recently commented on VRT shares. Wall Street Zen downgraded shares of Vertiv from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 20th. Barclays lifted their price objective on shares of Vertiv from $345.00 to $412.00 and gave the stock an “overweight” rating in a research report on Friday, May 15th. Loop Capital started coverage on shares of Vertiv in a research note on Thursday, May 14th. They set a “buy” rating and a $500.00 target price on the stock. Evercore set a $375.00 target price on Vertiv in a report on Wednesday, July 29th. Finally, Royal Bank Of Canada decreased their target price on Vertiv from $418.00 to $337.00 and set an “outperform” rating for the company in a research report on Thursday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $357.83.
Vertiv Price Performance
VRT opened at $264.25 on Friday. The stock has a fifty day moving average price of $295.45 and a 200 day moving average price of $287.04. 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 stock has a market cap of $101.73 billion, a price-to-earnings ratio of 59.79, a PEG ratio of 1.07 and a beta of 2.06.
Vertiv (NYSE:VRT – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.09. The company had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.38 billion. Vertiv had a return on equity of 50.47% and a net margin of 15.09%.The business’s quarterly revenue was up 24.1% on a year-over-year basis. During the same period last year, the business 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. Analysts forecast that Vertiv Holdings Co. will post 6.7 EPS for the current fiscal year.
Vertiv Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 15th were paid a $0.0625 dividend. The ex-dividend date was Monday, June 15th. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. Vertiv’s payout ratio is 5.66%.
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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