Fifth Third Bancorp Has $26.45 Million Stock Position in Vertiv Holdings Co. $VRT

Fifth Third Bancorp grew its holdings in shares of Vertiv Holdings Co. (NYSE:VRT) by 1,471.9% during the first quarter, Holdings Channel reports. The firm owned 105,569 shares of the company’s stock after purchasing an additional 98,853 shares during the period. Fifth Third Bancorp’s holdings in Vertiv were worth $26,453,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of VRT. State Street Corp increased its position in Vertiv by 2.8% during the fourth quarter. State Street Corp now owns 8,694,900 shares of the company’s stock worth $1,408,661,000 after buying an additional 235,577 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Vertiv by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 7,065,912 shares of the company’s stock worth $1,141,723,000 after buying an additional 143,821 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Vertiv by 2.1% during the 4th quarter. Invesco Ltd. now owns 5,974,205 shares of the company’s stock worth $967,881,000 after acquiring an additional 121,618 shares in the last quarter. Norges Bank bought a new stake in shares of Vertiv during the 4th quarter worth about $808,701,000. Finally, Northern Trust Corp increased its holdings in shares of Vertiv by 3.6% during the 4th quarter. Northern Trust Corp now owns 2,811,745 shares of the company’s stock valued at $455,531,000 after acquiring an additional 97,141 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Analyst Ratings Changes

VRT has been the subject of several analyst reports. Barclays boosted their target price on Vertiv from $345.00 to $412.00 and gave the stock an “overweight” rating in a report on Friday, May 15th. HSBC initiated coverage on shares of Vertiv in a research report on Wednesday, March 25th. They issued a “buy” rating and a $325.00 price target on the stock. Evercore restated an “outperform” rating and issued a $425.00 price objective on shares of Vertiv in a research note on Tuesday, May 12th. Glj Research raised shares of Vertiv from a “sell” rating to a “hold” rating in a report on Thursday, June 18th. Finally, 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. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Vertiv has a consensus rating of “Moderate Buy” and a consensus price target of $342.24.

Vertiv Trading Down 4.1%

Shares of Vertiv stock opened at $305.73 on Tuesday. Vertiv Holdings Co. has a 12-month low of $118.70 and a 12-month high of $379.93. The stock has a market capitalization of $117.43 billion, a P/E ratio of 76.82, a price-to-earnings-growth ratio of 1.38 and a beta of 2.03. The company has a 50-day simple moving average of $324.18 and a 200 day simple moving average of $266.43. The company has a quick ratio of 1.15, a current ratio of 1.49 and a debt-to-equity ratio of 0.69.

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

Vertiv Dividend Announcement

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

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.