Fred Alger Management LLC Trims Stock Holdings in Vertiv Holdings Co. $VRT

Fred Alger Management LLC trimmed its holdings in Vertiv Holdings Co. (NYSE:VRT) by 70.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 578,716 shares of the company’s stock after selling 1,379,008 shares during the period. Fred Alger Management LLC’s holdings in Vertiv were worth $93,758,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hohimer Wealth Management LLC increased its holdings in Vertiv by 0.8% during the 4th quarter. Hohimer Wealth Management LLC now owns 6,264 shares of the company’s stock worth $1,015,000 after purchasing an additional 48 shares during the period. Waterfront Wealth Inc. increased its holdings in Vertiv by 2.5% during the 4th quarter. Waterfront Wealth Inc. now owns 2,253 shares of the company’s stock worth $365,000 after purchasing an additional 56 shares during the period. Balance Wealth LLC increased its holdings in Vertiv by 2.8% during the 4th quarter. Balance Wealth LLC now owns 2,089 shares of the company’s stock worth $338,000 after purchasing an additional 57 shares during the period. Legacy Capital Group California Inc. increased its holdings in Vertiv by 3.2% during the 4th quarter. Legacy Capital Group California Inc. now owns 1,859 shares of the company’s stock worth $301,000 after purchasing an additional 57 shares during the period. Finally, Fairfield Financial Advisors LTD increased its holdings in Vertiv by 2.3% during the 4th quarter. Fairfield Financial Advisors LTD now owns 2,564 shares of the company’s stock worth $415,000 after purchasing an additional 58 shares during the period. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Vertiv Stock Down 3.9%

Shares of NYSE VRT opened at $299.61 on Wednesday. The company has a current ratio of 1.49, a quick ratio of 1.15 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $115.08 billion, a PE ratio of 75.28, a price-to-earnings-growth ratio of 1.35 and a beta of 2.03. The stock’s fifty day simple moving average is $317.89 and its two-hundred day simple moving average is $246.83. Vertiv Holdings Co. has a 12-month low of $110.06 and a 12-month high of $379.93.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, April 22nd. The company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.17. The business had revenue of $2.65 billion for 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 business’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.64 EPS. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Monday, June 15th will be given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Monday, June 15th. Vertiv’s dividend payout ratio (DPR) is 6.28%.

Wall Street Analyst Weigh In

VRT has been the topic of several research reports. Royal Bank Of Canada raised their price objective on Vertiv from $356.00 to $435.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Roth Mkm restated a “buy” rating and set a $355.00 price objective on shares of Vertiv in a report on Thursday, May 21st. JPMorgan Chase & Co. raised their price objective on Vertiv from $305.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Evercore restated an “outperform” rating and set a $425.00 price objective on shares of Vertiv in a report on Tuesday, May 12th. Finally, Jefferies Financial Group restated a “hold” rating and set a $260.00 price objective (down from $280.00) on shares of Vertiv in a report on Tuesday, March 31st. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $326.39.

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.