NBZ Investment Advisors LLC acquired a new position in Vertiv Holdings Co. (NYSE:VRT – Free Report) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 4,805 shares of the company’s stock, valued at approximately $1,204,000. Vertiv makes up approximately 0.5% of NBZ Investment Advisors LLC’s investment portfolio, making the stock its 25th largest holding.
Several other hedge funds and other institutional investors have also recently modified their holdings of VRT. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in shares of Vertiv by 7.6% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,833 shares of the company’s stock worth $459,000 after buying an additional 130 shares during the last quarter. Bleakley Financial Group LLC bought a new position in shares of Vertiv in the first quarter worth about $2,991,000. Archer Investment Corp raised its position in shares of Vertiv by 2,783.0% during the first quarter. Archer Investment Corp now owns 1,528 shares of the company’s stock valued at $383,000 after buying an additional 1,475 shares during the last quarter. Center for Financial Planning Inc. boosted its holdings in shares of Vertiv by 554.2% during the 1st quarter. Center for Financial Planning Inc. now owns 157 shares of the company’s stock valued at $39,000 after purchasing an additional 133 shares during the last quarter. Finally, State of Michigan Retirement System boosted its stake in Vertiv by 65.3% during the first quarter. State of Michigan Retirement System now owns 395,600 shares of the company’s stock valued at $99,129,000 after buying an additional 156,300 shares during the last quarter. 89.92% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the stock. Bank of America boosted their target price on shares of Vertiv from $370.00 to $440.00 and gave the stock a “buy” rating in a report on Friday, May 15th. BNP Paribas Exane started coverage on shares of Vertiv in a report on Tuesday, April 14th. They issued an “outperform” rating and a $345.00 price target on the stock. HSBC began coverage on Vertiv in a research report on Wednesday, March 25th. They set a “buy” rating and a $325.00 target price for the company. Jefferies Financial Group reaffirmed a “hold” rating and issued a $260.00 price target (down from $280.00) on shares of Vertiv in a research report on Tuesday, March 31st. Finally, Oppenheimer raised their price objective on Vertiv from $330.00 to $353.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $342.24.
Vertiv Trading Down 4.1%
Vertiv stock opened at $305.73 on Tuesday. Vertiv Holdings Co. has a 52 week low of $118.70 and a 52 week high of $379.93. The company has a quick ratio of 1.15, a current ratio of 1.49 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $117.43 billion, a price-to-earnings ratio of 76.82, a price-to-earnings-growth ratio of 1.38 and a beta of 2.03. The stock has a 50-day moving average price of $324.18 and a 200 day moving average price of $266.43.
Vertiv (NYSE:VRT – Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.17. The company had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.63 billion. Vertiv had a return on equity of 49.90% and a net margin of 14.37%.Vertiv’s quarterly revenue was up 30.1% on a year-over-year basis. During the same period last year, the business earned $0.64 earnings per share. Vertiv has set its Q2 2026 guidance at 1.370-1.430 EPS and its FY 2026 guidance at 6.300-6.400 EPS. Sell-side analysts anticipate that Vertiv Holdings Co. will post 6.38 EPS for the current year.
Vertiv Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 15th were given a $0.0625 dividend. The ex-dividend date was Monday, June 15th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.1%. Vertiv’s payout ratio is 6.28%.
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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