Handelsbanken Fonder AB Trims Stake in Vertiv Holdings Co. $VRT

Handelsbanken Fonder AB cut its position in shares of Vertiv Holdings Co. (NYSE:VRT) by 12.4% in the second quarter, HoldingsChannel reports. The firm owned 280,702 shares of the company’s stock after selling 39,568 shares during the period. Handelsbanken Fonder AB’s holdings in Vertiv were worth $93,985,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in VRT. Norges Bank bought a new position in shares of Vertiv during the 4th quarter worth $808,701,000. Marshall Wace LLP raised its holdings in shares of Vertiv by 265.6% in the fourth quarter. Marshall Wace LLP now owns 2,670,007 shares of the company’s stock valued at $432,568,000 after acquiring an additional 1,939,749 shares in the last quarter. Alkeon Capital Management LLC lifted its stake in Vertiv by 178.2% in the fourth quarter. Alkeon Capital Management LLC now owns 2,003,110 shares of the company’s stock worth $324,524,000 after acquiring an additional 1,283,110 shares during the period. Ameriprise Financial Inc. lifted its stake in Vertiv by 49.5% in the second quarter. Ameriprise Financial Inc. now owns 2,811,114 shares of the company’s stock worth $361,033,000 after acquiring an additional 930,158 shares during the period. Finally, Qube Research & Technologies Ltd purchased a new position in Vertiv during the 3rd quarter valued at about $125,331,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Vertiv Trading Down 0.7%

NYSE:VRT opened at $270.55 on Tuesday. The stock has a market capitalization of $104.16 billion, a price-to-earnings ratio of 61.21, a PEG ratio of 1.12 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 company has a quick ratio of 1.03, a current ratio of 1.38 and a debt-to-equity ratio of 0.62. The firm has a 50 day moving average of $299.76 and a 200 day moving average of $281.73.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, July 29th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.09. The business had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.38 billion. Vertiv had a net margin of 15.09% and a return on equity of 50.47%. The business’s revenue for the quarter was up 24.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.95 earnings per share. Vertiv has set its Q3 2026 guidance at 1.770-1.830 EPS and its FY 2026 guidance at 6.650-6.750 EPS. As a group, sell-side analysts anticipate that Vertiv Holdings Co. will post 6.7 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 15th were paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 0.1%. The ex-dividend date was Monday, June 15th. Vertiv’s payout ratio is 5.66%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. TD Cowen boosted their price target on shares of Vertiv from $347.00 to $387.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. KeyCorp dropped their price objective on shares of Vertiv from $360.00 to $325.00 and set an “overweight” rating on the stock in a research note on Thursday, July 30th. Oppenheimer reissued an “outperform” rating and set a $325.00 price objective on shares of Vertiv in a report on Thursday, July 30th. Glj Research raised shares of Vertiv from a “hold” rating to a “buy” rating and set a $381.00 price objective for the company in a research note on Friday. Finally, Roth Capital restated a “buy” rating and set a $355.00 target price on shares of Vertiv in a report on Thursday, May 21st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $348.54.

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.