Legal & General Group Plc Has $716.17 Million Stake in Vertiv Holdings Co. $VRT

Key Points

• Legal & General increased its Vertiv stake by 1.1% in the second quarter, bringing its holdings to 2.14 million shares worth approximately $716.2 million. Institutional investors and hedge funds collectively own 89.92% of Vertiv.
• Vertiv reported quarterly EPS of $1.52, exceeding estimates of $1.43, while revenue rose 24.1% year over year to $3.27 billion but fell short of analysts’ $3.38 billion forecast. The company guided for 2026 EPS of $6.65–$6.75.
• Shares opened at $254.98, down 2.7%, despite analysts maintaining a consensus “Buy” rating and an average price target of $357.83. Vertiv also pays a quarterly dividend of $0.0625 per share, yielding approximately 0.1%.

Legal & General Group Plc lifted its holdings in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 1.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,138,967 shares of the company's stock after acquiring an additional 23,444 shares during the quarter. Legal & General Group Plc owned approximately 0.56% of Vertiv worth $716,169,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank bought a new position in Vertiv in the 4th quarter valued at $808,701,000. Marshall Wace LLP boosted its stake in Vertiv by 265.6% in the fourth quarter. Marshall Wace LLP now owns 2,670,007 shares of the company's stock worth $432,568,000 after purchasing an additional 1,939,749 shares in the last quarter. Alkeon Capital Management LLC grew its holdings 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 worth $324,524,000 after purchasing an additional 1,283,110 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Vertiv by 49.5% during the second quarter. Ameriprise Financial Inc. now owns 2,811,114 shares of the company's stock worth $361,033,000 after purchasing an additional 930,158 shares during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Vertiv in the third quarter valued at $125,331,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Stock Down 2.7%

Shares of NYSE:VRT opened at $254.98 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.38 and a quick ratio of 1.03. The stock has a market cap of $98.16 billion, a price-to-earnings ratio of 57.69, a P/E/G ratio of 1.08 and a beta of 2.06. The company has a 50 day moving average of $293.51 and a 200-day moving average of $288.01. Vertiv Holdings Co. has a one year low of $118.70 and a one year high of $379.93.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.09. Vertiv had a net margin of 15.09% and a return on equity of 50.47%. The business had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.38 billion. During the same period in the prior year, the business posted $0.95 earnings per share. Vertiv's revenue was up 24.1% compared to the same quarter last year. 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, sell-side analysts forecast that Vertiv Holdings Co. will post 6.7 earnings per share for the current year.

Vertiv Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VRT. Royal Bank Of Canada cut their price target on Vertiv from $418.00 to $337.00 and set an "outperform" rating for the company in a report on Thursday, July 30th. Barclays raised their price objective on shares of Vertiv from $345.00 to $412.00 and gave the company an "overweight" rating in a research report on Friday, May 15th. Oppenheimer reaffirmed an "outperform" rating and issued a $325.00 target price on shares of Vertiv in a research note on Thursday, July 30th. Zacks Research upgraded shares of Vertiv from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 31st. Finally, Bank of America increased their price target on shares of Vertiv from $370.00 to $440.00 and gave the company a "buy" rating in a research note on Friday, May 15th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $357.83.

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.

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