HighTower Advisors LLC grew its position in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) by 1.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,978 shares of the company’s stock after purchasing an additional 2,168 shares during the period. HighTower Advisors LLC’s holdings in Vertiv were worth $43,519,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in VRT. Vermillion & White Wealth Management Group LLC boosted its stake in Vertiv by 58.3% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 152 shares of the company’s stock valued at $25,000 after buying an additional 56 shares during the period. Sankala Group LLC bought a new position in Vertiv in the 4th quarter worth about $27,000. Meeder Asset Management Inc. increased its stake in Vertiv by 211.3% in the 4th quarter. Meeder Asset Management Inc. now owns 165 shares of the company’s stock worth $27,000 after acquiring an additional 112 shares during the last quarter. Rossby Financial LCC purchased a new stake in shares of Vertiv in the 4th quarter valued at about $27,000. Finally, Cullen Frost Bankers Inc. raised its holdings in shares of Vertiv by 98.9% in the 4th quarter. Cullen Frost Bankers Inc. now owns 187 shares of the company’s stock valued at $30,000 after acquiring an additional 93 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.
Insider Buying and Selling at Vertiv
In other news, Director Edward Monser sold 15,287 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $253.82, for a total transaction of $3,880,146.34. Following the completion of the sale, the director directly owned 16,500 shares in the company, valued at approximately $4,188,030. This represents a 48.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.10% of the company’s stock.
Vertiv Stock Performance
Vertiv (NYSE:VRT – Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.09. Vertiv had a net margin of 15.09% and a return on equity of 50.47%. The firm had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $3.38 billion. During the same quarter last year, the business earned $0.95 earnings per share. The business’s revenue was up 24.1% on a year-over-year basis. 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 expect that Vertiv Holdings Co. will post 6.72 earnings per share for the current year.
Vertiv Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Monday, September 14th will be paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Monday, September 14th. Vertiv’s dividend payout ratio is 5.66%.
Analyst Ratings Changes
A number of analysts have recently issued reports on VRT shares. Citigroup cut their price objective on Vertiv from $414.00 to $358.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Glj Research upgraded shares of Vertiv from a “hold” rating to a “buy” rating and set a $381.00 price target on the stock in a research report on Friday, August 7th. KeyCorp lowered their price objective on shares of Vertiv from $360.00 to $325.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. Weiss Ratings cut shares of Vertiv from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, August 14th. Finally, Mizuho set a $380.00 target price on shares of Vertiv in a report on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Vertiv presently has an average rating of “Moderate Buy” and an average price target of $357.83.
Read Our Latest Research Report on Vertiv
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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