Vanguard Group Inc. Has $4.13 Billion Stake in Vertiv Holdings Co (NYSE:VRT)

Vanguard Group Inc. grew its stake in Vertiv Holdings Co (NYSE:VRT) by 3.5% during the fourth quarter, HoldingsChannel reports. The firm owned 36,356,089 shares of the company’s stock after buying an additional 1,244,780 shares during the quarter. Vanguard Group Inc. owned 0.10% of Vertiv worth $4,130,415,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SOA Wealth Advisors LLC. acquired a new stake in Vertiv in the fourth quarter valued at approximately $26,000. Mark Sheptoff Financial Planning LLC increased its holdings in shares of Vertiv by 200.0% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after buying an additional 200 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of Vertiv in the 3rd quarter valued at $30,000. OLD Second National Bank of Aurora acquired a new stake in shares of Vertiv during the 4th quarter valued at $30,000. Finally, Tradewinds Capital Management LLC grew its position in Vertiv by 61.3% during the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after acquiring an additional 111 shares during the last quarter. 89.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on VRT shares. Fox Advisors started coverage on Vertiv in a research note on Monday, January 6th. They set an “equal weight” rating on the stock. Melius Research reissued a “hold” rating and set a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. Barclays decreased their price target on shares of Vertiv from $131.00 to $111.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Morgan Stanley assumed coverage on shares of Vertiv in a report on Monday, January 6th. They set an “overweight” rating and a $150.00 price target on the stock. Finally, Royal Bank of Canada began coverage on Vertiv in a report on Friday, March 7th. They issued an “outperform” rating and a $121.00 price objective for the company. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Vertiv presently has an average rating of “Moderate Buy” and a consensus target price of $136.07.

Vertiv Trading Up 5.8 %

NYSE VRT opened at $93.78 on Tuesday. The stock has a market capitalization of $35.71 billion, a P/E ratio of 73.27, a P/E/G ratio of 1.07 and a beta of 1.71. The business has a 50 day simple moving average of $106.85 and a 200 day simple moving average of $111.55. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. Vertiv Holdings Co has a one year low of $62.40 and a one year high of $155.84.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.15. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. During the same period last year, the company posted $0.56 earnings per share. Research analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be paid a $0.0375 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.16%. Vertiv’s dividend payout ratio is presently 11.72%.

About Vertiv

Vertiv Holdings Co, together with its subsidiaries, designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.