First Manhattan CO. LLC. Cuts Stock Position in Vertiv Holdings Co. $VRT

First Manhattan CO. LLC. lowered its position in Vertiv Holdings Co. (NYSE:VRT) by 1.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 678,179 shares of the company’s stock after selling 12,613 shares during the period. First Manhattan CO. LLC.’s holdings in Vertiv were worth $109,872,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Meeder Asset Management Inc. grew its position in Vertiv by 211.3% during the 4th quarter. Meeder Asset Management Inc. now owns 165 shares of the company’s stock worth $27,000 after purchasing an additional 112 shares during the last quarter. Rossby Financial LCC purchased a new stake in Vertiv during the 4th quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Vertiv during the 4th quarter worth approximately $29,000. Park Place Capital Corp grew its position in Vertiv by 624.0% during the 4th quarter. Park Place Capital Corp now owns 181 shares of the company’s stock worth $29,000 after purchasing an additional 156 shares during the last quarter. Finally, Cullen Frost Bankers Inc. grew its position in Vertiv by 98.9% during the 4th quarter. Cullen Frost Bankers Inc. now owns 187 shares of the company’s stock worth $30,000 after purchasing an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Stock Up 6.1%

VRT stock opened at $318.00 on Thursday. The firm’s fifty day simple moving average is $319.07 and its 200-day simple moving average is $247.86. The company has a market capitalization of $122.15 billion, a P/E ratio of 79.90, a price-to-earnings-growth ratio of 1.30 and a beta of 2.03. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.49 and a quick ratio of 1.15. Vertiv Holdings Co. has a 12 month low of $110.06 and a 12 month high of $379.93.

Vertiv (NYSE:VRT) last posted 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. Vertiv had a net margin of 14.37% and a return on equity of 49.90%. The firm had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.63 billion. During the same period in the previous year, the business posted $0.64 EPS. The business’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, equities research analysts forecast that Vertiv Holdings Co. will post 6.36 earnings per share for the current year.

Vertiv Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Monday, June 15th will be paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Monday, June 15th. Vertiv’s payout ratio is currently 6.28%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. TD Cowen boosted their target price on shares of Vertiv from $347.00 to $387.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. HSBC assumed coverage on shares of Vertiv in a research report on Wednesday, March 25th. They set a “buy” rating and a $325.00 target price on the stock. The Goldman Sachs Group boosted their target price on shares of Vertiv from $277.00 to $311.00 and gave the stock a “buy” rating in a research report on Tuesday, April 14th. Fox Advisors raised shares of Vertiv from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 21st. Finally, Loop Capital assumed coverage on shares of Vertiv in a research report on Thursday, May 14th. They set a “buy” rating and a $500.00 target price on the stock. Three analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $326.39.

About Vertiv

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.