Group 1: Market Overview - Global equity markets showed strong performance in Q4 2025, supported by easing inflation and positive economic data [1] - The Hardman Johnston Global Equity Strategy achieved a return of 2.91%, underperforming the MSCI AC World Net Index which gained 3.29% [1] - The Financials and Consumer Staples sectors contributed positively to performance, while Industrials and Consumer Discretionary sectors detracted [1] Group 2: Company Focus - Vertiv Holdings Co. - Vertiv Holdings Co. (NYSE:VRT) is recognized for providing critical digital infrastructure technologies and lifecycle services for data centers and communication networks [2] - The stock of Vertiv Holdings Co. experienced a one-month return of 16.79% and a 52-week gain of 71.29%, closing at $189.21 per share with a market capitalization of $72.342 billion on January 27, 2026 [2] - The company was re-entered into the portfolio in late 2025 after a correction, following an initial investment during its IPO in 2020 [3] Group 3: Financial Performance and Projections - Vertiv reported a strong Q3 performance with orders growth of +60% year-over-year, achieved without significant contributions from recent mega data-center deals [3] - Updated forecasts indicate an above-consensus revenue outlook into 2026, driven by strength in hyperscale and AI-related capital expenditures [3] - Management anticipates ~100GW of incremental data-center capacity additions from 2024 to 2029, potentially generating ~$60 billion in incremental revenue for Vertiv, with a conservative operating margin forecast of ~23% by 2029 [3]

Core Viewpoint - Vertiv Holdings Co. is identified as a strong investment opportunity for 2026, with analysts expressing a preference for growth-oriented companies in the electrical equipment and multi-industry sector [1][2]. Group 1: Analyst Ratings and Price Targets - JPMorgan analyst Stephen Tusa lowered the price target for Vertiv to $225 from $230 while maintaining an Overweight rating [1]. - RBC Capital increased its price target for Vertiv to $200 from $196 while keeping an Outperform rating, indicating a positive outlook for 2026 [2]. Group 2: Market Conditions and Growth Drivers - RBC Capital noted a two-speed economy within the industry, highlighting robust growth in the data center segment at mid-teen percentages, while other industrial segments are experiencing sluggish demand with low-single digit growth [3]. - Despite broader industrial challenges, analysts remain optimistic about Vertiv due to long-term growth drivers such as electrification, reshoring, energy storage, and the ongoing energy transition [3]. Group 3: Company Overview - Vertiv Holdings Co. specializes in designing, manufacturing, and servicing critical digital infrastructure technologies and lifecycle services for data centers, communication networks, and commercial and industrial environments across various regions including the Americas, Asia Pacific, Europe, the Middle East, and Africa [4].