Mitsubishi UFJ Trust & Banking Corp Reduces Position in Vertiv Holdings Co (NYSE:VRT)

Mitsubishi UFJ Trust & Banking Corp reduced its stake in Vertiv Holdings Co (NYSE:VRT) by 5.5% during the 4th quarter, Holdings Channel reports. The fund owned 156,516 shares of the company’s stock after selling 9,106 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Vertiv were worth $17,782,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in VRT. Silverleafe Capital Partners LLC acquired a new stake in shares of Vertiv during the 4th quarter worth about $4,219,000. Foundations Investment Advisors LLC grew its stake in Vertiv by 7.9% in the 4th quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock worth $21,076,000 after acquiring an additional 13,559 shares during the period. Empowered Funds LLC grew its stake in Vertiv by 67.0% in the 4th quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock worth $1,043,000 after acquiring an additional 3,682 shares during the period. Gordian Capital Singapore Pte Ltd raised its holdings in Vertiv by 112.5% in the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company’s stock valued at $846,000 after acquiring an additional 4,500 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of Vertiv by 3,417.9% during the 4th quarter. Nordea Investment Management AB now owns 964,104 shares of the company’s stock worth $110,544,000 after purchasing an additional 936,698 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Stock Down 6.3 %

Shares of NYSE:VRT opened at $76.44 on Friday. The company has a 50 day moving average of $103.98 and a two-hundred day moving average of $111.23. Vertiv Holdings Co has a 52-week low of $62.40 and a 52-week high of $155.84. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $29.11 billion, a price-to-earnings ratio of 59.72, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, topping 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 quarter in the prior year, the business posted $0.56 EPS. As a group, analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv’s dividend payout ratio is currently 11.72%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on VRT. Fox Advisors began coverage on Vertiv in a research report on Monday, January 6th. They issued an “equal weight” rating for the company. Citigroup increased their price objective on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Morgan Stanley began coverage on shares of Vertiv in a report on Monday, January 6th. They issued an “overweight” rating and a $150.00 target price for the company. Melius downgraded shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research note on Tuesday, January 28th. Finally, Royal Bank of Canada initiated coverage on shares of Vertiv in a research note on Friday, March 7th. They set an “outperform” rating and a $121.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $135.33.

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.