Patton Fund Management Inc. acquired a new position in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 20,568 shares of the company’s stock, valued at approximately $5,154,000. Vertiv comprises 0.9% of Patton Fund Management Inc.’s investment portfolio, making the stock its 15th largest holding.
Other institutional investors also recently bought and sold shares of the company. CreativeOne Wealth LLC boosted its stake in Vertiv by 187.8% during the third quarter. CreativeOne Wealth LLC now owns 10,646 shares of the company’s stock worth $1,606,000 after buying an additional 6,947 shares during the period. Lingotto Investment Management LLP purchased a new stake in shares of Vertiv in the 4th quarter valued at approximately $2,641,000. Norges Bank acquired a new position in shares of Vertiv in the 4th quarter worth approximately $808,701,000. Sterling Investment Advisors Ltd. lifted its holdings in shares of Vertiv by 26.1% in the 4th quarter. Sterling Investment Advisors Ltd. now owns 22,476 shares of the company’s stock worth $3,641,000 after acquiring an additional 4,645 shares during the last quarter. Finally, WD Rutherford LLC boosted its position in shares of Vertiv by 80.7% during the 4th quarter. WD Rutherford LLC now owns 15,081 shares of the company’s stock worth $2,443,000 after purchasing an additional 6,734 shares during the period. 89.92% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research firms recently weighed in on VRT. Zacks Research downgraded shares of Vertiv from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Roth Mkm restated a “buy” rating and set a $355.00 price target on shares of Vertiv in a research note on Thursday, May 21st. BNP Paribas Exane assumed coverage on Vertiv in a research report on Tuesday, April 14th. They set an “outperform” rating and a $345.00 price target for the company. TD Cowen lifted their price objective on Vertiv from $347.00 to $387.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Finally, Royal Bank Of Canada boosted their price objective on Vertiv from $356.00 to $435.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $326.39.
Vertiv Trading Up 0.1%
Shares of VRT stock opened at $304.11 on Monday. Vertiv Holdings Co. has a fifty-two week low of $110.06 and a fifty-two week high of $379.93. The company has a 50 day moving average price of $324.10 and a 200 day moving average price of $254.98. The stock has a market capitalization of $116.81 billion, a P/E ratio of 76.41, a price-to-earnings-growth ratio of 1.32 and a beta of 2.04. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.15 and a current ratio of 1.49.
Vertiv (NYSE:VRT – Get Free Report) last released its earnings results on Wednesday, April 22nd. The company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.17. Vertiv had a net margin of 14.37% and a return on equity of 49.90%. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.63 billion. During the same period in the prior year, the business earned $0.64 EPS. The firm’s quarterly revenue 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. Equities research analysts predict that Vertiv Holdings Co. will post 6.36 EPS for the current fiscal year.
Vertiv Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 15th were given a dividend of $0.0625 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.1%. Vertiv’s dividend payout ratio is currently 6.28%.
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.
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