Gabelli Funds LLC Sells 2,500 Shares of Vertiv Holdings Co. $VRT

Gabelli Funds LLC reduced its holdings in shares of Vertiv Holdings Co. (NYSE:VRT) by 26.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,000 shares of the company’s stock after selling 2,500 shares during the quarter. Gabelli Funds LLC’s holdings in Vertiv were worth $2,344,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. State Street Corp raised its holdings in shares of Vertiv by 2.8% in the 4th quarter. State Street Corp now owns 8,694,900 shares of the company’s stock worth $1,408,661,000 after acquiring an additional 235,577 shares during the last quarter. Geode Capital Management LLC boosted its stake in Vertiv by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 7,065,912 shares of the company’s stock valued at $1,141,723,000 after purchasing an additional 143,821 shares during the last quarter. Invesco Ltd. boosted its stake in Vertiv by 2.1% during the 4th quarter. Invesco Ltd. now owns 5,974,205 shares of the company’s stock valued at $967,881,000 after purchasing an additional 121,618 shares during the last quarter. Norges Bank bought a new stake in Vertiv during the 4th quarter worth approximately $808,701,000. Finally, Northern Trust Corp increased its holdings in Vertiv by 3.6% during the 4th quarter. Northern Trust Corp now owns 2,811,745 shares of the company’s stock worth $455,531,000 after purchasing an additional 97,141 shares in the last quarter. 89.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on VRT shares. Royal Bank Of Canada lowered their price objective on Vertiv from $418.00 to $337.00 and set an “outperform” rating for the company in a research note on Thursday, July 30th. Glj Research raised Vertiv from a “hold” rating to a “buy” rating and set a $381.00 target price on the stock in a research report on Friday, August 7th. Piper Sandler set a $375.00 price target on Vertiv in a report on Wednesday, July 29th. Citigroup lowered their price target on Vertiv from $414.00 to $358.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Finally, TD Cowen increased their price target on Vertiv from $347.00 to $387.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Three investment 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 company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $357.83.

Vertiv Trading Down 0.9%

NYSE:VRT opened at $262.36 on Friday. 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 firm has a market cap 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 52 week low of $118.70 and a 52 week high of $379.93. The firm has a 50-day moving average price of $294.65 and a two-hundred day moving average price of $286.87.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, July 29th. The company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.09. The firm had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $3.38 billion. Vertiv had a return on equity of 50.47% and a net margin of 15.09%.The company’s revenue was up 24.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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, equities analysts expect that Vertiv Holdings Co. will post 6.7 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

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