Assetmark Inc. Grows Holdings in Vertiv Holdings Co. $VRT

Assetmark Inc. grew its position in Vertiv Holdings Co. (NYSE:VRT) by 91.4% in the first quarter, HoldingsChannel reports. The fund owned 6,352 shares of the company’s stock after acquiring an additional 3,034 shares during the quarter. Assetmark Inc.’s holdings in Vertiv were worth $1,592,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of VRT. Norges Bank purchased a new position in shares of Vertiv in the 4th quarter valued at about $808,701,000. Marshall Wace LLP raised its stake in shares of Vertiv by 265.6% during the 4th quarter. Marshall Wace LLP now owns 2,670,007 shares of the company’s stock worth $432,568,000 after buying an additional 1,939,749 shares during the period. Alkeon Capital Management LLC raised its stake in shares of Vertiv by 178.2% during the 4th quarter. Alkeon Capital Management LLC now owns 2,003,110 shares of the company’s stock worth $324,524,000 after buying an additional 1,283,110 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Vertiv by 49.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,811,114 shares of the company’s stock valued at $361,033,000 after buying an additional 930,158 shares in the last quarter. Finally, Qube Research & Technologies Ltd purchased a new position in shares of Vertiv during the 3rd quarter valued at approximately $125,331,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Price Performance

NYSE:VRT opened at $290.29 on Friday. Vertiv Holdings Co. has a one year low of $118.70 and a one year high of $379.93. 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 stock has a market cap of $111.50 billion, a PE ratio of 72.94, a P/E/G ratio of 1.31 and a beta of 2.03. The stock has a 50 day moving average price of $313.24 and a 200 day moving average price of $274.03.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.17. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.63 billion. Vertiv had a return on equity of 49.90% and a net margin of 14.37%.The firm’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 earnings per share. Equities research analysts expect that Vertiv Holdings Co. will post 6.38 EPS for the current fiscal year.

Vertiv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 15th were issued a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Monday, June 15th. Vertiv’s payout ratio is currently 6.28%.

Trending Headlines about Vertiv

Here are the key news stories impacting Vertiv this week:

• Positive Sentiment: KeyCorp upgraded Vertiv to “strong-buy”, a vote of confidence that signals analysts see more upside in the stock. Zacks.com
• Positive Sentiment: Vertiv is being highlighted as a leading AI infrastructure play, with Zacks arguing investors may prefer infrastructure names like VRT over AI chips and mega-cap tech for exposure to the AI boom. Article Title
• Positive Sentiment: Investors are anticipating Vertiv’s upcoming Q2 earnings, with expectations for strong revenue and EPS growth driven by AI-related demand, partnerships, and expansion efforts. Article Title
• Positive Sentiment: Vertiv announced it is expanding manufacturing and testing capacity at its Tognana campus near Padua, which could help it meet growing demand and support future sales. Article Title
• Positive Sentiment: The company also announced a deployment supporting the Naval Postgraduate School’s NVIDIA DGX GB300 system, showcasing Vertiv’s integrated power, liquid cooling, rack infrastructure, and installation services for high-density AI systems. Article Title
• Neutral Sentiment: Recent articles note that Vertiv’s rally has cooled after a big run-up, with the stock pulling back from prior gains; this suggests some profit-taking, though the longer-term growth story remains intact. Article Title
• Negative Sentiment: One recent note said Vertiv dipped more than the broader market in the latest session, reflecting short-term volatility despite the strong fundamental backdrop. Article Title

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Royal Bank Of Canada cut their price target on shares of Vertiv from $435.00 to $418.00 and set an “outperform” rating for the company in a report on Thursday, July 16th. Mizuho set a $380.00 price objective on shares of Vertiv in a report on Thursday, May 21st. Oppenheimer lifted their target price on shares of Vertiv from $330.00 to $353.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Wall Street Zen cut shares of Vertiv from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. Finally, TD Cowen upped their price target 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. Four investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Vertiv has an average rating of “Moderate Buy” and an average target price of $343.48.

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.