OLD National Bancorp IN Acquires 14,647 Shares of Vertiv Holdings Co. $VRT

OLD National Bancorp IN boosted its holdings in Vertiv Holdings Co. (NYSE:VRT) by 30.0% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 63,455 shares of the company’s stock after acquiring an additional 14,647 shares during the quarter. OLD National Bancorp IN’s holdings in Vertiv were worth $15,901,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vermillion & White Wealth Management Group LLC grew its holdings in Vertiv by 58.3% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 152 shares of the company’s stock worth $25,000 after acquiring an additional 56 shares during the period. Sankala Group LLC acquired a new position in shares of Vertiv in the 4th quarter valued at $27,000. Meeder Asset Management Inc. boosted its position in shares of Vertiv by 211.3% in the 4th quarter. Meeder Asset Management Inc. now owns 165 shares of the company’s stock worth $27,000 after purchasing an additional 112 shares during the last quarter. Rossby Financial LCC bought a new position in shares of Vertiv in the 4th quarter worth $27,000. Finally, Park Place Capital Corp boosted its position in shares of Vertiv by 624.0% in the 4th quarter. Park Place Capital Corp now owns 181 shares of the company’s stock worth $29,000 after purchasing an additional 156 shares during the last quarter. 89.92% of the stock is owned by institutional investors.

Vertiv Price Performance

VRT opened at $325.15 on Friday. The stock has a market cap of $124.89 billion, a P/E ratio of 81.70, a P/E/G ratio of 1.37 and a beta of 2.03. Vertiv Holdings Co. has a 12 month low of $110.06 and a 12 month high of $379.93. The company has a quick ratio of 1.15, a current ratio of 1.49 and a debt-to-equity ratio of 0.69. The company has a fifty day simple moving average of $324.04 and a 200 day simple moving average of $254.14.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, April 22nd. The company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.17. Vertiv had a return on equity of 49.90% and a net margin of 14.37%.The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.63 billion. During the same period in the previous year, the company posted $0.64 earnings per share. 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. On average, research analysts expect that Vertiv Holdings Co. will post 6.36 EPS for the current year.

Vertiv Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 15th were issued 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 was Monday, June 15th. Vertiv’s payout ratio is 6.28%.

Wall Street Analysts Forecast Growth

VRT has been the subject of a number of recent analyst reports. Citigroup upped their price objective on Vertiv from $353.00 to $414.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Roth Mkm restated a “buy” rating and set a $355.00 target price on shares of Vertiv in a report on Thursday, May 21st. Oppenheimer boosted their target price on Vertiv from $330.00 to $353.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Evercore reaffirmed an “outperform” rating and issued a $425.00 price target on shares of Vertiv in a research note on Tuesday, May 12th. Finally, TD Cowen increased their price target on shares of Vertiv from $347.00 to $387.00 and gave the company a “buy” rating in a research 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 given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $326.39.

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.