Cibc World Market Inc. Decreases Stock Position in Vertiv Holdings Co. $VRT

Cibc World Market Inc. trimmed its position in shares of Vertiv Holdings Co. (NYSE:VRT) by 1.2% in the second quarter, Holdings Channel.com reports. The firm owned 227,872 shares of the company’s stock after selling 2,791 shares during the period. Cibc World Market Inc.’s holdings in Vertiv were worth $76,296,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its position in Vertiv by 25.9% in the 1st quarter. Empowered Funds LLC now owns 11,557 shares of the company’s stock valued at $834,000 after buying an additional 2,377 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Vertiv during the second quarter valued at about $567,000. Cary Street Partners Financial LLC increased its position in shares of Vertiv by 19.8% during the second quarter. Cary Street Partners Financial LLC now owns 1,390 shares of the company’s stock worth $178,000 after acquiring an additional 230 shares during the last quarter. Bank of Nova Scotia increased its position in shares of Vertiv by 49.7% during the second quarter. Bank of Nova Scotia now owns 29,239 shares of the company’s stock worth $3,755,000 after acquiring an additional 9,712 shares during the last quarter. Finally, Ossiam acquired a new position in shares of Vertiv in the second quarter worth about $50,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Analyst Upgrades and Downgrades

VRT has been the subject of a number of analyst reports. Wall Street Zen downgraded Vertiv from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 20th. Roth Capital restated a “buy” rating and set a $355.00 price objective on shares of Vertiv in a report on Thursday, May 21st. Royal Bank Of Canada reduced their target price on Vertiv from $418.00 to $337.00 and set an “outperform” rating for the company in a research note on Thursday, July 30th. KeyCorp decreased their price target on shares of Vertiv from $360.00 to $325.00 and set an “overweight” rating for the company in a research report on Thursday, July 30th. Finally, TD Cowen lifted their price target on shares of Vertiv from $347.00 to $387.00 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Vertiv presently has a consensus rating of “Buy” and an average price target of $357.83.

Vertiv Stock Up 0.2%

NYSE:VRT opened at $262.36 on Monday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.03 and a current ratio of 1.38. The company has a market capitalization of $101.01 billion, a price-to-earnings ratio of 59.36, a price-to-earnings-growth ratio of 1.08 and a beta of 2.06. Vertiv Holdings Co. has a one year low of $118.70 and a one year high of $379.93. The stock has a 50-day simple moving average of $294.65 and a 200 day simple moving average of $287.55.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.09. Vertiv had a return on equity of 50.47% and a net margin of 15.09%.The firm had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $3.38 billion. During the same quarter in the prior year, the firm posted $0.95 earnings per share. Vertiv’s revenue for the quarter was up 24.1% compared to the same quarter last year. Vertiv has set its Q3 2026 guidance at 1.770-1.830 EPS and its FY 2026 guidance at 6.650-6.750 EPS. Sell-side analysts predict that Vertiv Holdings Co. will post 6.7 EPS for the current fiscal year.

Vertiv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 15th were given 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 was Monday, June 15th. Vertiv’s dividend payout ratio is currently 5.66%.

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.