Everhart Financial Group Inc. Sells 1,941 Shares of Vertiv Holdings Co. $VRT

Everhart Financial Group Inc. cut its position in shares of Vertiv Holdings Co. (NYSE:VRT) by 18.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,581 shares of the company’s stock after selling 1,941 shares during the quarter. Everhart Financial Group Inc.’s holdings in Vertiv were worth $2,873,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of VRT. State Street Corp raised its holdings in shares of Vertiv by 2.8% in the fourth quarter. State Street Corp now owns 8,694,900 shares of the company’s stock valued at $1,408,661,000 after purchasing an additional 235,577 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Vertiv by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 7,065,912 shares of the company’s stock worth $1,141,723,000 after purchasing an additional 143,821 shares in the last quarter. Invesco Ltd. boosted its holdings in Vertiv by 2.1% during the fourth quarter. Invesco Ltd. now owns 5,974,205 shares of the company’s stock worth $967,881,000 after purchasing an additional 121,618 shares during the last quarter. Norges Bank bought a new position in Vertiv in the fourth quarter valued at $808,701,000. Finally, Northern Trust Corp grew its position in Vertiv by 3.6% in the fourth quarter. Northern Trust Corp now owns 2,811,745 shares of the company’s stock valued at $455,531,000 after purchasing an additional 97,141 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Stock Down 0.9%

Vertiv stock opened at $272.71 on Friday. The firm has a market capitalization of $104.75 billion, a PE ratio of 61.70, a P/E/G ratio of 1.12 and a beta of 2.06. The company’s 50-day moving average is $300.81 and its 200-day moving average is $280.33. Vertiv Holdings Co. has a fifty-two week low of $118.70 and a fifty-two week high of $379.93. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.38 and a quick ratio of 1.03.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, July 29th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.09. Vertiv had a net margin of 15.09% and a return on equity of 50.47%. The company had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $3.38 billion. During the same period in the prior year, the firm earned $0.95 EPS. Vertiv’s quarterly revenue was up 24.1% compared to the same quarter last year. Vertiv has set its Q3 2026 guidance at 1.770-1.830 EPS and its FY 2026 guidance at 6.650-6.750 EPS. Sell-side analysts anticipate that Vertiv Holdings Co. will post 6.7 earnings per share for the current year.

Vertiv Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 0.1%. Vertiv’s dividend payout ratio is currently 5.66%.

Wall Street Analyst Weigh In

VRT has been the topic of several recent research reports. Zacks Research upgraded shares of Vertiv from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. BNP Paribas Exane initiated coverage on shares of Vertiv in a research note on Tuesday, April 14th. They set an “outperform” rating and a $345.00 price objective for the company. Evercore set a $375.00 target price on Vertiv in a research report on Wednesday, July 29th. JPMorgan Chase & Co. upped their target price on Vertiv from $305.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $368.00 price target on shares of Vertiv in a research note on Friday, July 31st. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $348.54.

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.