Vertiv Holdings Co. $VRT Holdings Trimmed by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS reduced its position in shares of Vertiv Holdings Co. (NYSE:VRT) by 24.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 63,512 shares of the company’s stock after selling 20,482 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Vertiv were worth $15,915,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of VRT. Empowered Funds LLC grew its holdings in shares of Vertiv by 25.9% during the first quarter. Empowered Funds LLC now owns 11,557 shares of the company’s stock valued at $834,000 after buying an additional 2,377 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in Vertiv during the second quarter valued at $567,000. Cary Street Partners Financial LLC lifted its stake in Vertiv by 19.8% in the 2nd quarter. Cary Street Partners Financial LLC now owns 1,390 shares of the company’s stock worth $178,000 after acquiring an additional 230 shares in the last quarter. Bank of Nova Scotia lifted its stake in Vertiv by 49.7% in the 2nd quarter. Bank of Nova Scotia now owns 29,239 shares of the company’s stock worth $3,755,000 after acquiring an additional 9,712 shares in the last quarter. Finally, Ossiam acquired a new stake in Vertiv during the 2nd quarter worth about $50,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Stock Down 1.6%

NYSE VRT traded down $5.26 on Friday, reaching $318.66. The stock had a trading volume of 2,998,133 shares, compared to its average volume of 6,385,232. The business has a 50 day moving average price of $324.66 and a 200 day moving average price of $264.75. The company has a current ratio of 1.49, a quick ratio of 1.15 and a debt-to-equity ratio of 0.69. Vertiv Holdings Co. has a 1 year low of $118.70 and a 1 year high of $379.93. The company has a market capitalization of $122.40 billion, a price-to-earnings ratio of 80.07, a P/E/G ratio of 1.40 and a beta of 2.03.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.17. The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.63 billion. Vertiv had a return on equity of 49.90% and a net margin of 14.37%.The business’s quarterly revenue was up 30.1% on a year-over-year basis. During the same period last year, the business earned $0.64 EPS. Vertiv has set its Q2 2026 guidance at 1.370-1.430 EPS and its FY 2026 guidance at 6.300-6.400 EPS. On average, analysts forecast that Vertiv Holdings Co. will post 6.38 EPS for the current fiscal year.

Vertiv Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 15th were issued 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 dividend payout ratio is currently 6.28%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Morgan Stanley lifted their target price on Vertiv from $285.00 to $350.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Fox Advisors upgraded shares of Vertiv from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 21st. Citigroup raised their price target on shares of Vertiv from $353.00 to $414.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. boosted their price objective on shares of Vertiv from $305.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $260.00 target price (down from $280.00) on shares of Vertiv in a research report on Tuesday, March 31st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Vertiv presently has a consensus rating of “Moderate Buy” and a consensus price target of $342.24.

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.