Bank of Nova Scotia Buys 60,994 Shares of Vertiv Holdings Co. $VRT

Bank of Nova Scotia increased its position in shares of Vertiv Holdings Co. (NYSE:VRT) by 195.8% in the first quarter, Holdings Channel.com reports. The firm owned 92,140 shares of the company’s stock after purchasing an additional 60,994 shares during the quarter. Bank of Nova Scotia’s holdings in Vertiv were worth $23,087,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Vermillion & White Wealth Management Group LLC boosted its stake in shares of Vertiv by 58.3% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 152 shares of the company’s stock valued at $25,000 after purchasing an additional 56 shares during the period. Sankala Group LLC bought a new position in shares of Vertiv in the 4th quarter worth $27,000. Meeder Asset Management Inc. lifted its position in shares of Vertiv by 211.3% during the fourth quarter. Meeder Asset Management Inc. now owns 165 shares of the company’s stock valued at $27,000 after buying an additional 112 shares during the last quarter. Rossby Financial LCC acquired a new stake in Vertiv in the fourth quarter valued at approximately $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Vertiv during the 4th quarter valued at $29,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Key Stories Impacting Vertiv

Here are the key news stories impacting Vertiv this week:

• Positive Sentiment: KeyCorp upgraded Vertiv to “strong-buy”, a vote of confidence that signals analysts see more upside in the stock. Zacks.com
• Positive Sentiment: Vertiv is being highlighted as a leading AI infrastructure play, with Zacks arguing investors may prefer infrastructure names like VRT over AI chips and mega-cap tech for exposure to the AI boom. Article Title
• Positive Sentiment: Investors are anticipating Vertiv’s upcoming Q2 earnings, with expectations for strong revenue and EPS growth driven by AI-related demand, partnerships, and expansion efforts. Article Title
• Positive Sentiment: Vertiv announced it is expanding manufacturing and testing capacity at its Tognana campus near Padua, which could help it meet growing demand and support future sales. Article Title
• Positive Sentiment: The company also announced a deployment supporting the Naval Postgraduate School’s NVIDIA DGX GB300 system, showcasing Vertiv’s integrated power, liquid cooling, rack infrastructure, and installation services for high-density AI systems. Article Title
• Neutral Sentiment: Recent articles note that Vertiv’s rally has cooled after a big run-up, with the stock pulling back from prior gains; this suggests some profit-taking, though the longer-term growth story remains intact. Article Title
• Negative Sentiment: One recent note said Vertiv dipped more than the broader market in the latest session, reflecting short-term volatility despite the strong fundamental backdrop. Article Title

Analyst Ratings Changes

A number of analysts recently commented on VRT shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Vertiv in a research note on Tuesday. Loop Capital began coverage on Vertiv in a report on Thursday, May 14th. They set a “buy” rating and a $500.00 target price on the stock. Jefferies Financial Group restated a “hold” rating and set a $260.00 price target (down from $280.00) on shares of Vertiv in a research report on Tuesday, March 31st. BNP Paribas Exane started coverage on Vertiv in a research report on Tuesday, April 14th. They issued an “outperform” rating and a $345.00 price objective for the company. Finally, Citigroup boosted their target price on shares of Vertiv from $353.00 to $414.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $343.48.

Vertiv Price Performance

Shares of VRT stock opened at $290.29 on Friday. The company has a market capitalization of $111.50 billion, a PE ratio of 72.94, a price-to-earnings-growth ratio of 1.25 and a beta of 2.03. Vertiv Holdings Co. has a 12 month low of $118.70 and a 12 month high of $379.93. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.49 and a quick ratio of 1.15. The firm’s 50-day moving average is $313.24 and its two-hundred day moving average is $274.03.

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. The company had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.63 billion. Vertiv had a return on equity of 49.90% and a net margin of 14.37%.The firm’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.64 earnings per share. Analysts predict that Vertiv Holdings Co. will post 6.38 earnings per share for the current year.

Vertiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors 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 (DPR) 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.