Fred Alger Management LLC Sells 1,379,008 Shares of Vertiv Holdings Co. $VRT

Fred Alger Management LLC cut its position in shares of Vertiv Holdings Co. (NYSE:VRT) by 70.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 578,716 shares of the company’s stock after selling 1,379,008 shares during the period. Fred Alger Management LLC owned approximately 0.15% of Vertiv worth $93,758,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VRT. Norges Bank bought a new position in Vertiv during the fourth quarter valued at approximately $808,701,000. Marshall Wace LLP boosted its stake in Vertiv by 265.6% during the fourth quarter. Marshall Wace LLP now owns 2,670,007 shares of the company’s stock valued at $432,568,000 after buying an additional 1,939,749 shares during the last quarter. Alkeon Capital Management LLC raised its position in 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. Schroder Investment Management Group raised its position in Vertiv by 148.0% during the third quarter. Schroder Investment Management Group now owns 1,828,750 shares of the company’s stock valued at $275,885,000 after purchasing an additional 1,091,210 shares during the period. Finally, Ameriprise Financial Inc. raised its position in Vertiv by 49.5% during the second quarter. Ameriprise Financial Inc. now owns 2,811,114 shares of the company’s stock valued at $361,033,000 after purchasing an additional 930,158 shares during the period. 89.92% of the stock is owned by institutional investors.

Vertiv Trading Down 3.9%

Shares of NYSE VRT opened at $299.61 on Wednesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.15 and a current ratio of 1.49. The business’s 50 day moving average price is $317.89 and its 200-day moving average price is $246.83. Vertiv Holdings Co. has a fifty-two week low of $110.06 and a fifty-two week high of $379.93. The company has a market cap of $115.08 billion, a price-to-earnings ratio of 75.28, a PEG ratio of 1.35 and a beta of 2.03.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.17. Vertiv had a return on equity of 49.90% and a net margin of 14.37%.The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.63 billion. During the same period in the prior year, the business posted $0.64 earnings per share. The company’s revenue for the quarter was up 30.1% on a year-over-year basis. Vertiv has set its Q2 2026 guidance at 1.370-1.430 EPS and its FY 2026 guidance at 6.300-6.400 EPS. On average, sell-side analysts expect that Vertiv Holdings Co. will post 6.36 earnings per share for the current year.

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Monday, June 15th will be issued 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 dividend payout ratio is presently 6.28%.

Analyst Ratings Changes

A number of brokerages have issued reports on VRT. Sanford C. Bernstein began coverage on Vertiv in a research report on Tuesday, June 9th. They set an “outperform” rating and a $416.00 price objective on the stock. Wall Street Zen upgraded Vertiv from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. TD Cowen upped their price objective on Vertiv from $347.00 to $387.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Loop Capital began coverage on Vertiv in a research report on Thursday, May 14th. They set a “buy” rating and a $500.00 price objective on the stock. Finally, Royal Bank Of Canada upped their price objective on Vertiv from $356.00 to $435.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Three investment 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 given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $326.39.

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.