Assenagon Asset Management S.A. Increases Holdings in Vertiv Holdings Co. $VRT

Assenagon Asset Management S.A. raised its stake in Vertiv Holdings Co. (NYSE:VRT) by 79.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 289,655 shares of the company’s stock after purchasing an additional 128,571 shares during the period. Assenagon Asset Management S.A.’s holdings in Vertiv were worth $72,582,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in Vertiv by 2.8% in the 4th quarter. State Street Corp now owns 8,694,900 shares of the company’s stock valued at $1,408,661,000 after purchasing an additional 235,577 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Vertiv by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 7,065,912 shares of the company’s stock valued at $1,141,723,000 after acquiring an additional 143,821 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Vertiv by 2.1% during the 4th quarter. Invesco Ltd. now owns 5,974,205 shares of the company’s stock worth $967,881,000 after acquiring an additional 121,618 shares during the period. Norges Bank acquired a new stake in Vertiv in the 4th quarter valued at $808,701,000. Finally, American Century Companies Inc. boosted its holdings in Vertiv by 16.7% in the 3rd quarter. American Century Companies Inc. now owns 3,431,760 shares of the company’s stock worth $517,715,000 after acquiring an additional 491,349 shares during the period. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Sanford C. Bernstein started coverage on Vertiv in a research note on Tuesday, June 9th. They set an “outperform” rating and a $416.00 price objective for the company. Fox Advisors upgraded shares of Vertiv from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 21st. Zacks Research downgraded shares of Vertiv from a “strong-buy” rating to a “hold” rating in a research note on Monday. Citigroup increased their price objective on Vertiv from $353.00 to $414.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, Morgan Stanley lifted their price target on shares of Vertiv from $285.00 to $350.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $326.39.

Vertiv Trading Up 2.8%

NYSE:VRT opened at $325.15 on Friday. The company has a market cap of $124.89 billion, a P/E ratio of 81.70, a price-to-earnings-growth ratio of 1.37 and a beta of 2.03. Vertiv Holdings Co. has a twelve month low of $110.06 and a twelve month high of $379.93. The business has a 50 day moving average price of $324.04 and a two-hundred day moving average price of $254.14. The company has a quick ratio of 1.15, a current ratio of 1.49 and a debt-to-equity ratio of 0.69.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.17. Vertiv had a net margin of 14.37% and a return on equity of 49.90%. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.63 billion. During the same period last year, the company earned $0.64 earnings per share. The firm’s revenue was up 30.1% compared to the same quarter last year. Vertiv has set its Q2 2026 guidance at 1.370-1.430 EPS and its FY 2026 guidance at 6.300-6.400 EPS. As a group, analysts expect that Vertiv Holdings Co. will post 6.36 EPS for the current fiscal year.

Vertiv Announces Dividend

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. The ex-dividend date 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 (DPR) is presently 6.28%.

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.