Independence Bank of Kentucky Reduces Position in Vertiv Holdings Co. $VRT

Independence Bank of Kentucky trimmed its position in Vertiv Holdings Co. (NYSE:VRT) by 15.7% during the 1st quarter, Holdings Channel.com reports. The fund owned 47,697 shares of the company’s stock after selling 8,896 shares during the period. Vertiv accounts for 1.5% of Independence Bank of Kentucky’s investment portfolio, making the stock its 12th biggest holding. Independence Bank of Kentucky’s holdings in Vertiv were worth $11,952,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Empowered Funds LLC raised its stake in shares of Vertiv by 25.9% in the first quarter. Empowered Funds LLC now owns 11,557 shares of the company’s stock worth $834,000 after purchasing an additional 2,377 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Vertiv during the second quarter worth about $567,000. Cary Street Partners Financial LLC boosted its position in Vertiv by 19.8% in the second quarter. Cary Street Partners Financial LLC now owns 1,390 shares of the company’s stock valued at $178,000 after buying an additional 230 shares during the last quarter. Bank of Nova Scotia increased its holdings in 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 buying an additional 9,712 shares during the period. Finally, Ossiam acquired a new position in Vertiv in the 2nd quarter worth approximately $50,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on VRT shares. Roth Capital reaffirmed a “buy” rating and issued a $355.00 price objective on shares of Vertiv in a report on Thursday, May 21st. Wall Street Zen cut shares of Vertiv from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 20th. Morgan Stanley upped their price target on shares of Vertiv from $285.00 to $350.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Mizuho set a $380.00 price target on Vertiv in a research report on Thursday, May 21st. Finally, Loop Capital started coverage on Vertiv in a research note on Thursday, May 14th. They set a “buy” rating and a $500.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $342.24.

Vertiv Stock Down 1.6%

VRT stock opened at $318.66 on Friday. Vertiv Holdings Co. has a one year low of $118.70 and a one year high of $379.93. 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 firm’s fifty day moving average is $324.66 and its 200 day moving average is $264.75. The firm has a market cap of $122.40 billion, a PE ratio of 80.07, a P/E/G ratio of 1.40 and a beta of 2.03.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, April 22nd. The company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.17. Vertiv had a net margin of 14.37% and a return on equity of 49.90%. The business 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 company posted $0.64 EPS. 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 forecast that Vertiv Holdings Co. will post 6.38 EPS for the current year.

Vertiv Dividend Announcement

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