Westpac Banking Corp Sells 8,368 Shares of Vertiv Holdings Co. $VRT

Westpac Banking Corp decreased its stake in Vertiv Holdings Co. (NYSE:VRT) by 37.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 13,941 shares of the company’s stock after selling 8,368 shares during the period. Westpac Banking Corp’s holdings in Vertiv were worth $4,668,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VRT. Vermillion & White Wealth Management Group LLC increased its stake in shares of Vertiv by 58.3% in the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 152 shares of the company’s stock valued at $25,000 after acquiring an additional 56 shares during the last quarter. Sankala Group LLC acquired a new stake in shares of Vertiv in the 4th quarter valued at approximately $27,000. Meeder Asset Management Inc. boosted its stake in Vertiv by 211.3% during 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 bought a new position in Vertiv during the 4th quarter worth approximately $27,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in Vertiv during the fourth quarter valued at approximately $29,000. Institutional investors own 89.92% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on VRT. Piper Sandler set a $375.00 target price on shares of Vertiv in a report on Wednesday, July 29th. Roth Capital reissued a “buy” rating and issued a $355.00 price target on shares of Vertiv in a report on Thursday, May 21st. Robert W. Baird set a $320.00 price objective on shares of Vertiv in a research report on Thursday, July 30th. TD Cowen raised their price objective on Vertiv from $347.00 to $387.00 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Finally, Bank of America boosted their target price on Vertiv from $370.00 to $440.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $357.83.

Vertiv Stock Down 0.9%

Vertiv stock opened at $262.36 on Friday. The stock has a market capitalization of $101.01 billion, a PE ratio of 59.36, a price-to-earnings-growth ratio of 1.09 and a beta of 2.06. Vertiv Holdings Co. has a twelve month low of $118.70 and a twelve month high of $379.93. The company has a quick ratio of 1.03, a current ratio of 1.38 and a debt-to-equity ratio of 0.62. The company has a 50 day moving average of $294.65 and a 200-day moving average of $286.87.

Vertiv (NYSE:VRT) last issued its quarterly earnings data 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. The company had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.38 billion. Vertiv had a net margin of 15.09% and a return on equity of 50.47%. The firm’s revenue was up 24.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.95 earnings per share. Vertiv has set its Q3 2026 guidance at 1.770-1.830 EPS and its FY 2026 guidance at 6.650-6.750 EPS. On average, equities research analysts anticipate that Vertiv Holdings Co. will post 6.7 EPS for the current fiscal year.

Vertiv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 15th were issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Monday, June 15th. Vertiv’s dividend payout ratio is 5.66%.

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.