Vertiv Holdings Co. $VRT Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lessened its stake in Vertiv Holdings Co. (NYSE:VRT) by 49.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 470,970 shares of the company’s stock after selling 462,303 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Vertiv were worth $117,891,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. ABN AMRO Bank N.V. purchased a new stake in shares of Vertiv during the first quarter worth approximately $809,000. Maridea Wealth Management LLC purchased a new position in Vertiv in the first quarter worth approximately $988,000. Pinnacle Wealth Management Advisory Group LLC lifted its stake in Vertiv by 23.8% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,653 shares of the company’s stock worth $414,000 after acquiring an additional 318 shares during the last quarter. Next Level Wealth Planning LLC acquired a new position in Vertiv during the 1st quarter worth approximately $251,000. Finally, J2 Capital Management Inc acquired a new position in Vertiv during the 1st quarter worth approximately $649,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Stock Up 0.1%

VRT stock opened at $304.11 on Monday. The stock has a market cap of $116.81 billion, a P/E ratio of 76.41, a PEG ratio of 1.32 and a beta of 2.04. The company has a current ratio of 1.49, a quick ratio of 1.15 and a debt-to-equity ratio of 0.69. Vertiv Holdings Co. has a twelve month low of $110.06 and a twelve month high of $379.93. The company’s 50 day moving average is $324.10 and its two-hundred day moving average is $254.98.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, April 22nd. The company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.17. Vertiv had a net margin of 14.37% and a return on equity of 49.90%. The business had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.63 billion. During the same quarter in the prior year, the business posted $0.64 EPS. The company’s revenue for the quarter was up 30.1% on a year-over-year basis. Vertiv has set its Q2 2026 guidance at 1.370-1.430 EPS and its FY 2026 guidance at 6.300-6.400 EPS. Research analysts expect that Vertiv Holdings Co. will post 6.36 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. Vertiv’s dividend payout ratio (DPR) is presently 6.28%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Loop Capital assumed coverage on shares of Vertiv in a report on Thursday, May 14th. They issued a “buy” rating and a $500.00 price objective on the stock. Oppenheimer boosted their target price on shares of Vertiv from $330.00 to $353.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Barclays increased their target price on Vertiv from $345.00 to $412.00 and gave the company an “overweight” rating in a report on Friday, May 15th. Roth Mkm restated a “buy” rating and issued a $355.00 price target on shares of Vertiv in a research note on Thursday, May 21st. Finally, TD Cowen lifted their price target on Vertiv from $347.00 to $387.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Vertiv presently has an average rating of “Moderate Buy” and a consensus price target of $326.39.

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.