Zurcher Kantonalbank Zurich Cantonalbank Reduces Stake in Vertiv Holdings Co. $VRT
by Doug Wharley · The Cerbat GemZurcher Kantonalbank Zurich Cantonalbank lessened its holdings in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) by 3.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 814,339 shares of the company’s stock after selling 32,946 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Vertiv were worth $131,931,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VRT. CreativeOne Wealth LLC lifted its holdings in shares of Vertiv by 187.8% in the 3rd quarter. CreativeOne Wealth LLC now owns 10,646 shares of the company’s stock valued at $1,606,000 after purchasing an additional 6,947 shares during the last quarter. Abundance Wealth Counselors grew its stake in Vertiv by 313.7% during the 3rd quarter. Abundance Wealth Counselors now owns 10,165 shares of the company’s stock worth $1,533,000 after buying an additional 7,708 shares during the last quarter. Plato Investment Management Ltd increased its position in Vertiv by 272.7% during the third quarter. Plato Investment Management Ltd now owns 8,825 shares of the company’s stock worth $1,321,000 after buying an additional 6,457 shares during the period. KLP Kapitalforvaltning AS increased its position in Vertiv by 5.5% during the third quarter. KLP Kapitalforvaltning AS now owns 143,100 shares of the company’s stock worth $21,588,000 after buying an additional 7,400 shares during the period. Finally, NTV Asset Management LLC lifted its stake in Vertiv by 200.7% in the third quarter. NTV Asset Management LLC now owns 26,458 shares of the company’s stock valued at $3,991,000 after buying an additional 17,658 shares during the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
VRT has been the topic of a number of research reports. Jefferies Financial Group restated a “hold” rating and set a $260.00 target price (down from $280.00) on shares of Vertiv in a research report on Tuesday, March 31st. Royal Bank Of Canada increased their price target on shares of Vertiv from $200.00 to $266.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. JPMorgan Chase & Co. lowered their price objective on shares of Vertiv from $230.00 to $225.00 and set an “overweight” rating on the stock in a research report on Friday, January 16th. Oppenheimer restated an “outperform” rating and issued a $270.00 price objective on shares of Vertiv in a research note on Thursday, February 12th. Finally, Zacks Research cut shares of Vertiv from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Twenty-one research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $249.62.
Check Out Our Latest Stock Report on Vertiv
Insider Buying and Selling
In other news, Chairman David M. Cote sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $255.29, for a total value of $10,211,600.00. Following the completion of the sale, the chairman directly owned 22,258 shares of the company’s stock, valued at $5,682,244.82. This trade represents a 64.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Edward L. Monser sold 77,294 shares of Vertiv 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 completion of the sale, the director owned 16,500 shares in the company, valued at approximately $4,050,585. This trade represents a 82.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 489,761 shares of company stock worth $123,356,815 in the last three months. Company insiders own 2.63% of the company’s stock.
Vertiv Stock Performance
Shares of VRT opened at $307.14 on Monday. The stock has a market capitalization of $117.51 billion, a P/E ratio of 90.07, a P/E/G ratio of 1.55 and a beta of 2.04. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.22 and a current ratio of 1.55. Vertiv Holdings Co. has a 1 year low of $65.93 and a 1 year high of $312.46. The company’s fifty day moving average is $259.34 and its two-hundred day moving average is $204.79.
Vertiv (NYSE:VRT – Get Free Report) last released its earnings results on Wednesday, February 11th. The company reported $1.36 EPS for the quarter, topping the consensus estimate of $1.29 by $0.07. The company had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.89 billion. Vertiv had a net margin of 13.03% and a return on equity of 49.55%. The business’s revenue was up 22.7% on a year-over-year basis. During the same quarter last year, the business earned $0.99 EPS. Vertiv has set its Q1 2026 guidance at 0.950-1.010 EPS and its FY 2026 guidance at 5.970-6.070 EPS. On average, sell-side analysts predict that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.
Vertiv Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Tuesday, March 17th were issued a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Tuesday, March 17th. Vertiv’s payout ratio is currently 7.33%.
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.
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