Strs Ohio Has $72.47 Million Stake in Vertiv Holdings Co. $VRT
by Jessica Moore · The Cerbat GemStrs Ohio decreased its holdings in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) by 13.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 447,313 shares of the company’s stock after selling 72,484 shares during the quarter. Strs Ohio’s holdings in Vertiv were worth $72,469,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Vertiv by 2.2% in the third quarter. Vanguard Group Inc. now owns 38,833,036 shares of the company’s stock valued at $5,858,352,000 after acquiring an additional 826,281 shares during the last quarter. State Street Corp lifted its stake in Vertiv by 2.3% in the third quarter. State Street Corp now owns 8,459,323 shares of the company’s stock valued at $1,276,173,000 after acquiring an additional 189,484 shares during the last quarter. American Century Companies Inc. lifted its stake in Vertiv by 16.7% in the third quarter. American Century Companies Inc. now owns 3,431,760 shares of the company’s stock valued at $517,715,000 after acquiring an additional 491,349 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Vertiv by 49.5% in the second quarter. Ameriprise Financial Inc. now owns 2,811,114 shares of the company’s stock valued at $361,033,000 after acquiring an additional 930,158 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Vertiv by 1.6% in the third quarter. Bank of New York Mellon Corp now owns 2,143,067 shares of the company’s stock valued at $323,303,000 after acquiring an additional 33,012 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.
Vertiv Trading Down 0.1%
VRT opened at $328.11 on Friday. The company’s 50 day moving average is $274.42 and its 200-day moving average is $213.68. Vertiv Holdings Co. has a 1-year low of $91.81 and a 1-year high of $331.97. The company has a current ratio of 1.49, a quick ratio of 1.15 and a debt-to-equity ratio of 0.69. The company has a market cap of $126.03 billion, a P/E ratio of 82.44, a PEG ratio of 1.41 and a beta of 2.10.
Vertiv (NYSE:VRT – Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.17. Vertiv had a net margin of 14.37% and a return on equity of 49.90%. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.63 billion. During the same period last year, the company posted $0.64 EPS. The firm’s quarterly 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. Equities research analysts predict that Vertiv Holdings Co. will post 6.42 earnings per share for the current fiscal year.
Vertiv Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Tuesday, March 17th were paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Tuesday, March 17th. Vertiv’s dividend payout ratio (DPR) is presently 6.28%.
Insider Buying and Selling
In other news, Director Edward L. Monser sold 77,294 shares of the firm’s 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 sale, the director directly owned 16,500 shares in the company, valued at approximately $4,050,585. This trade represents a 82.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman David M. Cote sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $255.29, for a total transaction of $10,211,600.00. Following the completion of the sale, the chairman owned 22,258 shares in the company, valued at approximately $5,682,244.82. The trade was a 64.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 489,761 shares of company stock worth $123,356,815 in the last quarter. Corporate insiders own 2.63% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on VRT. Mizuho increased their price target on shares of Vertiv from $198.00 to $290.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. The Goldman Sachs Group increased their price objective on shares of Vertiv from $277.00 to $311.00 and gave the company a “buy” rating in a research report on Tuesday, April 14th. Zacks Research lowered shares of Vertiv from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Barclays raised their price target on shares of Vertiv from $300.00 to $345.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Finally, Royal Bank Of Canada raised their target price on shares of Vertiv from $344.00 to $356.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Twenty-one investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $278.38.
View Our Latest Stock Analysis on VRT
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.
Featured Articles
Want to see what other hedge funds are holding VRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vertiv Holdings Co. (NYSE:VRT – Free Report).