The Manufacturers Life Insurance Company Has $69.25 Million Stake in Vertiv Holdings Co. $VRT

The Manufacturers Life Insurance Company trimmed its stake in Vertiv Holdings Co. (NYSE:VRT) by 3.3% during the second quarter, HoldingsChannel.com reports. The fund owned 206,833 shares of the company’s stock after selling 7,158 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Vertiv were worth $69,252,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of VRT. Jones Financial Companies Lllp lifted its holdings in shares of Vertiv by 6.2% during the second quarter. Jones Financial Companies Lllp now owns 275,473 shares of the company’s stock valued at $92,234,000 after acquiring an additional 16,046 shares during the period. Van Hulzen Asset Management LLC acquired a new stake in shares of Vertiv in the 2nd quarter valued at $287,000. Paradigm Capital Management LLC NV bought a new stake in shares of Vertiv in the 2nd quarter worth about $215,000. Fiduciary Financial Advisors bought a new stake in shares of Vertiv in the 2nd quarter worth about $127,000. Finally, L2 Asset Management LLC grew its holdings in shares of Vertiv by 6.5% in the 2nd quarter. L2 Asset Management LLC now owns 2,164 shares of the company’s stock worth $725,000 after purchasing an additional 132 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Stock Performance

Vertiv stock opened at $255.52 on Wednesday. The stock has a 50-day simple moving average of $292.63 and a 200 day simple moving average of $288.52. The stock has a market capitalization of $98.37 billion, a price-to-earnings ratio of 57.81, a P/E/G ratio of 1.05 and a beta of 2.06. The company has a quick ratio of 1.03, a current ratio of 1.38 and a debt-to-equity ratio of 0.62. Vertiv Holdings Co. has a 12-month low of $118.70 and a 12-month high of $379.93.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.09. The firm had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.38 billion. Vertiv had a net margin of 15.09% and a return on equity of 50.47%. The company’s revenue was up 24.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.95 EPS. 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, research analysts anticipate that Vertiv Holdings Co. will post 6.7 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 15th were given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Monday, June 15th. Vertiv’s dividend payout ratio is presently 5.66%.

Analysts Set New Price Targets

VRT has been the subject of several analyst reports. Bank of America lifted their price target on shares of Vertiv from $370.00 to $440.00 and gave the company a “buy” rating in a report on Friday, May 15th. Wall Street Zen cut shares of Vertiv from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. Barclays raised their price objective on shares of Vertiv from $345.00 to $412.00 and gave the stock an “overweight” rating in a report on Friday, May 15th. Roth Capital reiterated a “buy” rating and issued a $355.00 target price on shares of Vertiv in a research note on Thursday, May 21st. Finally, Zacks Research raised Vertiv from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Vertiv currently has an average rating of “Buy” and an average target price of $357.83.

Vertiv 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.