Impax Asset Management Group plc Cuts Position in Vertiv Holdings Co. $VRT

Impax Asset Management Group plc decreased its position in Vertiv Holdings Co. (NYSE:VRT) by 32.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 729,503 shares of the company’s stock after selling 354,980 shares during the quarter. Vertiv accounts for about 1.6% of Impax Asset Management Group plc’s holdings, making the stock its 15th biggest holding. Impax Asset Management Group plc owned 0.19% of Vertiv worth $244,252,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Reliant Investment Partners LLC grew its holdings in Vertiv by 110.1% during the 2nd quarter. Reliant Investment Partners LLC now owns 6,991 shares of the company’s stock worth $2,341,000 after acquiring an additional 3,663 shares in the last quarter. MJP Associates Inc. ADV purchased a new stake in shares of Vertiv in the 2nd quarter valued at approximately $231,000. PCM Encore LLC acquired a new stake in shares of Vertiv in the 2nd quarter valued at $523,000. Clay Northam Wealth Management LLC raised its holdings in shares of Vertiv by 9.1% in the 2nd quarter. Clay Northam Wealth Management LLC now owns 2,455 shares of the company’s stock valued at $822,000 after purchasing an additional 205 shares in the last quarter. Finally, Vise Technologies Inc. raised its holdings in shares of Vertiv by 78.8% in the 2nd quarter. Vise Technologies Inc. now owns 16,828 shares of the company’s stock valued at $5,634,000 after purchasing an additional 7,414 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Stock Up 1.2%

Shares of NYSE VRT opened at $264.25 on Friday. Vertiv Holdings Co. has a 52-week low of $118.70 and a 52-week high of $379.93. The firm has a fifty day moving average of $295.45 and a 200-day moving average of $287.04. The stock has a market capitalization of $101.73 billion, a PE ratio of 59.79, a P/E/G ratio of 1.07 and a beta of 2.06. The company has a quick ratio of 1.03, a current ratio of 1.38 and a debt-to-equity ratio of 0.62.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, July 29th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.09. The business had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.38 billion. Vertiv had a return on equity of 50.47% and a net margin of 15.09%.The business’s quarterly revenue was up 24.1% on a year-over-year basis. During the same period last year, the company posted $0.95 EPS. 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, analysts anticipate that Vertiv Holdings Co. will post 6.7 EPS for the current year.

Vertiv Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 15th were paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, June 15th. Vertiv’s dividend payout ratio (DPR) is currently 5.66%.

Wall Street Analyst Weigh In

VRT has been the topic of several recent analyst reports. Bank of America increased their price target on shares of Vertiv from $370.00 to $440.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Wall Street Zen lowered Vertiv from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 20th. Fox Advisors raised Vertiv from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 21st. Glj Research raised shares of Vertiv from a “hold” rating to a “buy” rating and set a $381.00 price objective for the company in a research note on Friday, August 7th. Finally, Piper Sandler set a $375.00 price objective on Vertiv in a research report on Wednesday, July 29th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $357.83.

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.