State Street Corp Has $5.54 Billion Position in Vertiv Holdings Co. $VRT

by · The Markets Daily

State Street Corp grew its holdings in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) by 4.5% during the second quarter, Holdings Channel reports. The firm owned 16,531,530 shares of the company’s stock after purchasing an additional 704,970 shares during the period. State Street Corp’s holdings in Vertiv were worth $5,535,087,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Vertiv in the fourth quarter worth $808,701,000. Jupiter Topco LLC acquired a new stake in Vertiv during the second quarter worth about $441,083,000. Alkeon Capital Management LLC increased its position in shares of Vertiv by 178.2% during the fourth quarter. Alkeon Capital Management LLC now owns 2,003,110 shares of the company’s stock valued at $324,524,000 after purchasing an additional 1,283,110 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Vertiv by 33.7% in the 1st quarter. Bank of New York Mellon Corp now owns 2,410,642 shares of the company’s stock valued at $604,059,000 after buying an additional 608,176 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Vertiv by 24.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,657,948 shares of the company’s stock worth $430,614,000 after purchasing an additional 517,980 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Stock Performance

NYSE:VRT traded up $2.24 during mid-day trading on Tuesday, hitting $253.10. The stock had a trading volume of 1,737,745 shares, compared to its average volume of 6,510,323. 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 stock has a market cap of $97.44 billion, a price-to-earnings ratio of 57.24, a PEG ratio of 1.02 and a beta of 2.07. Vertiv Holdings Co. has a twelve month low of $133.85 and a twelve month high of $379.93. The company’s 50 day simple moving average is $269.66 and its 200 day simple moving average is $291.51.

Vertiv (NYSE:VRT – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.09. Vertiv had a return on equity of 50.47% and a net margin of 15.09%.The business had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $3.38 billion. During the same quarter in the prior year, the business earned $0.95 EPS. The firm’s revenue for the quarter was up 24.1% on a year-over-year basis. 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, equities research analysts forecast that Vertiv Holdings Co. will post 6.72 earnings per share for the current year.

Vertiv Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Monday, September 14th will be given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Monday, September 14th. Vertiv’s dividend payout ratio (DPR) is currently 5.66%.

Insiders Place Their Bets

In related news, Director Edward Monser sold 15,287 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $253.82, for a total value of $3,880,146.34. Following the completion of the sale, the director directly owned 16,500 shares in the company, valued at approximately $4,188,030. The trade was a 48.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is owned by company insiders.

Analyst Ratings Changes

VRT has been the topic of several research analyst reports. Weiss Ratings cut shares of Vertiv from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, August 14th. KeyCorp reduced their target price 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. Citigroup dropped their price objective on Vertiv from $414.00 to $358.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Evercore set a $375.00 target price on shares of Vertiv in a report on Wednesday, July 29th. Finally, Zacks Research cut Vertiv from a “strong-buy” rating to a “hold” rating in a report on Monday, August 31st. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Vertiv has a consensus rating of “Moderate Buy” and a consensus target price of $357.83.

View Our Latest Stock Analysis on Vertiv

Vertiv Company Profile

(Free Report)

Vertiv Holdings Co (NYSE: VRT) designs, manufactures and services critical digital infrastructure that helps data centers, communications networks and other facilities operate reliably and efficiently. Its solutions support the availability, performance and growth of information technology systems.

The company’s products and services include power management and distribution equipment, uninterruptible power supplies, thermal management and cooling systems, racks and integrated infrastructure, monitoring and management software, and lifecycle services.

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