Allstate Corp Raises Stock Holdings in Vertiv Holdings Co. $VRT

Allstate Corp boosted its holdings in Vertiv Holdings Co. (NYSE:VRT) by 105.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,153 shares of the company’s stock after buying an additional 13,945 shares during the quarter. Allstate Corp’s holdings in Vertiv were worth $4,399,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of VRT. Park Place Capital Corp grew its stake in shares of Vertiv by 624.0% during the 4th quarter. Park Place Capital Corp now owns 181 shares of the company’s stock valued at $29,000 after purchasing an additional 156 shares during the period. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Vertiv during the 4th quarter valued at about $29,000. Cullen Frost Bankers Inc. grew its stake in shares of Vertiv by 98.9% during the 4th quarter. Cullen Frost Bankers Inc. now owns 187 shares of the company’s stock valued at $30,000 after purchasing an additional 93 shares during the period. Measured Wealth Private Client Group LLC bought a new stake in shares of Vertiv during the 3rd quarter valued at about $30,000. Finally, Foster Dykema Cabot & Partners LLC bought a new stake in shares of Vertiv during the 3rd quarter valued at about $31,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Stock Down 1.0%

NYSE VRT opened at $324.33 on Wednesday. The stock’s 50 day moving average is $302.91 and its 200 day moving average is $232.21. The company has a current ratio of 1.49, a quick ratio of 1.15 and a debt-to-equity ratio of 0.69. Vertiv Holdings Co. has a 12 month low of $104.71 and a 12 month high of $379.93. The stock has a market cap of $124.58 billion, a PE ratio of 81.49, a P/E/G ratio of 1.40 and a beta of 2.09.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.17. Vertiv had a return on equity of 49.90% and a net margin of 14.37%.The company had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.63 billion. During the same period in the previous year, the firm earned $0.64 EPS. The firm’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. Research analysts predict that Vertiv Holdings Co. will post 6.42 EPS for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Tuesday, March 17th were issued a $0.0625 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. Vertiv’s payout ratio is currently 6.28%.

Insider Buying and Selling

In other news, Director Steven Reinemund sold 65,000 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $253.95, for a total transaction of $16,506,750.00. Following the sale, the director directly owned 68,333 shares of the company’s stock, valued at $17,353,165.35. This represents a 48.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jan Van Dokkum sold 38,647 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $254.87, for a total value of $9,849,960.89. Following the sale, the director directly owned 25,000 shares in the company, valued at $6,371,750. This trade represents a 60.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 489,761 shares of company stock worth $123,356,815 in the last quarter. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

VRT has been the subject of a number of recent research reports. The Goldman Sachs Group boosted their price target on Vertiv from $277.00 to $311.00 and gave the company a “buy” rating in a research note on Tuesday, April 14th. TD Cowen boosted their price objective on Vertiv from $347.00 to $387.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Citigroup boosted their price objective on Vertiv from $353.00 to $414.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Evercore reiterated an “outperform” rating and set a $425.00 price objective on shares of Vertiv in a research note on Tuesday, May 12th. Finally, Oppenheimer boosted their price objective on Vertiv from $330.00 to $353.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Vertiv has an average rating of “Moderate Buy” and an average price target of $322.32.

Vertiv Company 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.