The Manufacturers Life Insurance Company Has $69.25 Million Stock Position in Vertiv Holdings Co. $VRT

The Manufacturers Life Insurance Company reduced its holdings in Vertiv Holdings Co. (NYSE:VRTFree Report) by 3.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 206,833 shares of the company’s stock after selling 7,158 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.05% of Vertiv worth $69,252,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of VRT. State Street Corp grew its stake in shares of Vertiv by 2.8% in the fourth quarter. State Street Corp now owns 8,694,900 shares of the company’s stock worth $1,408,661,000 after acquiring an additional 235,577 shares during the last quarter. Geode Capital Management LLC raised its stake in Vertiv by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 7,065,912 shares of the company’s stock valued at $1,141,723,000 after purchasing an additional 143,821 shares during the last quarter. Invesco Ltd. raised its stake in Vertiv by 2.1% during the 4th quarter. Invesco Ltd. now owns 5,974,205 shares of the company’s stock valued at $967,881,000 after purchasing an additional 121,618 shares during the last quarter. Norges Bank bought a new stake in Vertiv in the 4th quarter valued at $808,701,000. Finally, Northern Trust Corp boosted its holdings in Vertiv by 3.6% in the 4th quarter. Northern Trust Corp now owns 2,811,745 shares of the company’s stock valued at $455,531,000 after purchasing an additional 97,141 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VRT has been the topic of several research analyst reports. UBS Group restated a “buy” rating and issued a $370.00 price target on shares of Vertiv in a research report on Thursday, July 30th. TD Cowen increased their target price on shares of Vertiv from $347.00 to $387.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Zacks Research raised Vertiv from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 31st. Fox Advisors upgraded Vertiv from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 21st. Finally, Weiss Ratings cut Vertiv from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, August 14th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $357.83.

View Our Latest Report on Vertiv

Vertiv Trading Up 0.2%

Shares of Vertiv stock opened at $255.52 on Wednesday. Vertiv Holdings Co. has a 52-week low of $118.70 and a 52-week high of $379.93. The firm has a market capitalization of $98.37 billion, a PE ratio of 57.81, a price-to-earnings-growth ratio of 1.05 and a beta of 2.06. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.38 and a quick ratio of 1.03. The company’s fifty day moving average price is $292.63 and its two-hundred day moving average price is $288.52.

Vertiv (NYSE:VRTGet Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates 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 period last year, the firm earned $0.95 EPS. The firm’s revenue for the quarter 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 expect that Vertiv Holdings Co. will post 6.7 EPS for the current year.

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 15th were paid 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 currently 5.66%.

About Vertiv

(Free Report)

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.

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Institutional Ownership by Quarter for Vertiv (NYSE:VRT)

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