Legal & General Group Plc Buys 23,444 Shares of Vertiv Holdings Co. $VRT

Legal & General Group Plc raised its stake in shares of Vertiv Holdings Co. (NYSE:VRT) by 1.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,138,967 shares of the company’s stock after buying an additional 23,444 shares during the quarter. Legal & General Group Plc’s holdings in Vertiv were worth $716,169,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on VRT shares. Citigroup reduced their price target on shares of Vertiv from $414.00 to $358.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Robert W. Baird set a $320.00 price objective on Vertiv in a research note on Thursday, July 30th. Piper Sandler set a $375.00 price objective on Vertiv in a research note on Wednesday, July 29th. Bank of America lifted their target price on Vertiv from $370.00 to $440.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Finally, Loop Capital assumed coverage on Vertiv in a research note on Thursday, May 14th. They issued a “buy” rating and a $500.00 target price for the company. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $357.83.

Vertiv Stock Performance

Shares of VRT opened at $254.98 on Tuesday. The firm has a market cap of $98.16 billion, a P/E ratio of 57.69, a PEG ratio of 1.08 and a beta of 2.06. Vertiv Holdings Co. has a twelve month low of $118.70 and a twelve month high of $379.93. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.03 and a current ratio of 1.38. The firm’s 50 day moving average price is $293.51 and its two-hundred day moving average price is $288.01.

Vertiv (NYSE:VRT) last issued its quarterly earnings data 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. Vertiv had a net margin of 15.09% and a return on equity of 50.47%. The company had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.38 billion. During the same quarter in the prior year, the firm earned $0.95 earnings per share. The firm’s revenue was up 24.1% compared to the same quarter last year. Vertiv has set its Q3 2026 guidance at 1.770-1.830 EPS and its FY 2026 guidance at 6.650-6.750 EPS. On average, analysts forecast that Vertiv Holdings Co. will post 6.7 EPS for the current fiscal year.

Vertiv Dividend Announcement

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 5.66%.

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.