Hodges Capital Management Inc. Sells 7,636 Shares of Vertiv Holdings Co. $VRT

Hodges Capital Management Inc. decreased its holdings in shares of Vertiv Holdings Co. (NYSE:VRT) by 39.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 11,725 shares of the company’s stock after selling 7,636 shares during the period. Hodges Capital Management Inc.’s holdings in Vertiv were worth $2,938,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of VRT. Empowered Funds LLC boosted its stake in Vertiv by 25.9% in the first quarter. Empowered Funds LLC now owns 11,557 shares of the company’s stock valued at $834,000 after acquiring an additional 2,377 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Vertiv during the 2nd quarter valued at $567,000. Cary Street Partners Financial LLC lifted its stake in shares of Vertiv by 19.8% in 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 during the period. Bank of Nova Scotia boosted its position in shares of Vertiv by 49.7% in the 2nd quarter. Bank of Nova Scotia now owns 29,239 shares of the company’s stock worth $3,755,000 after purchasing an additional 9,712 shares during the last quarter. Finally, Ossiam bought a new position in shares of Vertiv in the 2nd quarter worth $50,000. 89.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

VRT has been the subject of a number of recent analyst reports. Loop Capital initiated coverage on Vertiv in a report on Thursday, May 14th. They issued a “buy” rating and a $500.00 price objective for the company. Fox Advisors upgraded Vertiv from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 21st. Zacks Research cut Vertiv from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Bank of America increased their price target on shares of Vertiv from $370.00 to $440.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Finally, Glj Research upgraded shares of Vertiv from a “sell” rating to a “hold” rating in a report on Thursday, June 18th. Two investment 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’s stock. According to MarketBeat.com, Vertiv currently has an average rating of “Moderate Buy” and an average price target of $326.39.

Vertiv Price Performance

NYSE VRT opened at $318.41 on Tuesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.15 and a current ratio of 1.49. The stock has a market cap of $122.30 billion, a price-to-earnings ratio of 63.67, a PEG ratio of 1.30 and a beta of 2.03. The business has a 50 day simple moving average of $324.54 and a 200 day simple moving average of $259.86. Vertiv Holdings Co. has a 52-week low of $110.06 and a 52-week high of $379.93.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.17. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.63 billion. Vertiv had a net margin of 14.37% and a return on equity of 49.90%. The business’s revenue was up 30.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.64 earnings per share. Vertiv has set its Q2 2026 guidance at 1.370-1.430 EPS and its FY 2026 guidance at 6.300-6.400 EPS. Analysts anticipate that Vertiv Holdings Co. will post 6.37 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 15th were paid a $0.0625 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. Vertiv’s dividend payout ratio is presently 6.28%.

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.