Castleark Management LLC Buys 11,538 Shares of Vertiv Holdings Co. $VRT

Castleark Management LLC raised its stake in shares of Vertiv Holdings Co. (NYSE:VRT) by 10.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 123,901 shares of the company’s stock after buying an additional 11,538 shares during the quarter. Vertiv comprises about 1.1% of Castleark Management LLC’s investment portfolio, making the stock its 22nd biggest holding. Castleark Management LLC’s holdings in Vertiv were worth $41,485,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on VRT shares. Robert W. Baird set a $320.00 price target on shares of Vertiv in a report on Thursday, July 30th. Wall Street Zen lowered shares of Vertiv from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 20th. Roth Capital reaffirmed a “buy” rating and issued a $355.00 price objective on shares of Vertiv in a research report on Thursday, May 21st. Loop Capital assumed coverage on Vertiv in a research note on Thursday, May 14th. They set a “buy” rating and a $500.00 target price on the stock. Finally, 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 report on Thursday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $357.83.

Vertiv Stock Performance

Shares of VRT stock opened at $255.52 on Wednesday. The company has a 50 day moving average price of $292.63 and a 200-day moving average price of $288.52. Vertiv Holdings Co. has a 52 week low of $118.70 and a 52 week high of $379.93. The firm has a market capitalization of $98.37 billion, a PE ratio of 57.81, a P/E/G ratio of 1.05 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 released its quarterly earnings data on Wednesday, July 29th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.09. The firm had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $3.38 billion. Vertiv had a net margin of 15.09% and a return on equity of 50.47%. The firm’s quarterly revenue was up 24.1% on a year-over-year basis. During the same period in the previous year, the company 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. As a group, equities research analysts expect that Vertiv Holdings Co. will post 6.7 earnings per share for the current year.

Vertiv Announces Dividend

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

About Vertiv

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.