OLD National Bancorp IN Has $15.90 Million Holdings in Vertiv Holdings Co. $VRT

OLD National Bancorp IN grew its position in shares of Vertiv Holdings Co. (NYSE:VRT) by 30.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 63,455 shares of the company’s stock after buying an additional 14,647 shares during the quarter. OLD National Bancorp IN’s holdings in Vertiv were worth $15,901,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Norges Bank bought a new position in shares of Vertiv in the fourth quarter valued at approximately $808,701,000. Marshall Wace LLP grew its position in 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 acquiring an additional 1,939,749 shares during the last quarter. Alkeon Capital Management LLC grew its position in 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 acquiring an additional 1,283,110 shares during the last quarter. Schroder Investment Management Group increased its holdings in Vertiv by 148.0% during the 3rd 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 in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in 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 purchasing an additional 930,158 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Stock Up 2.8%

NYSE:VRT opened at $325.15 on Friday. The company has a market cap of $124.89 billion, a price-to-earnings ratio of 81.70, a P/E/G ratio of 1.37 and a beta of 2.03. 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’s fifty day moving average price is $324.04 and its two-hundred day moving average price is $254.14. Vertiv Holdings Co. has a 52-week low of $110.06 and a 52-week high of $379.93.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, April 22nd. The company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.00 by $0.17. The company had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.63 billion. Vertiv had a return on equity of 49.90% and a net margin of 14.37%.The business’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same period last year, the firm earned $0.64 EPS. 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, analysts anticipate that Vertiv Holdings Co. will post 6.36 EPS for the current year.

Vertiv Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have issued reports on VRT. Weiss Ratings downgraded Vertiv from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. Wall Street Zen lowered Vertiv from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. Barclays raised their target price on Vertiv from $345.00 to $412.00 and gave the company an “overweight” rating in a research note on Friday, May 15th. Evercore reaffirmed an “outperform” rating and issued a $425.00 price target on shares of Vertiv in a report on Tuesday, May 12th. Finally, Royal Bank Of Canada upped their price target on shares of Vertiv from $356.00 to $435.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Vertiv presently has a consensus rating of “Moderate Buy” and an average price target 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.