DnB Asset Management AS Has $10.80 Million Stake in Vertiv Holdings Co (NYSE:VRT)

DnB Asset Management AS lessened its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 1.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 95,099 shares of the company’s stock after selling 1,573 shares during the period. DnB Asset Management AS’s holdings in Vertiv were worth $10,804,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Silverleafe Capital Partners LLC bought a new position in Vertiv during the 4th quarter worth $4,219,000. Foundations Investment Advisors LLC increased its position in shares of Vertiv by 7.9% in the fourth quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock worth $21,076,000 after purchasing an additional 13,559 shares during the period. Empowered Funds LLC raised its stake in Vertiv by 67.0% in the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock valued at $1,043,000 after purchasing an additional 3,682 shares in the last quarter. Gordian Capital Singapore Pte Ltd lifted its position in Vertiv by 112.5% during the third quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company’s stock worth $846,000 after purchasing an additional 4,500 shares during the period. Finally, Nordea Investment Management AB grew its stake in Vertiv by 3,417.9% during the fourth quarter. Nordea Investment Management AB now owns 964,104 shares of the company’s stock worth $110,544,000 after buying an additional 936,698 shares in the last quarter. 89.92% of the stock is owned by institutional investors.

Vertiv Stock Down 2.6 %

Shares of NYSE VRT opened at $74.32 on Friday. The company has a 50 day simple moving average of $102.74 and a 200 day simple moving average of $111.48. 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 1 year low of $62.40 and a 1 year high of $155.84. The firm has a market cap of $28.30 billion, a PE ratio of 58.06, 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, 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 quarter in the prior year, the company earned $0.56 earnings per share. On average, research analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were given a $0.0375 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.20%. Vertiv’s dividend payout ratio (DPR) is presently 11.72%.

Analysts Set New Price Targets

Several equities analysts have recently commented on VRT shares. Citigroup upped their price target on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Melius lowered 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. Morgan Stanley initiated coverage on Vertiv in a research report on Monday, January 6th. They set an “overweight” rating and a $150.00 price objective for the company. Royal Bank of Canada started coverage on Vertiv in a research report on Friday, March 7th. They issued an “outperform” rating and a $121.00 target price on the stock. Finally, Evercore ISI dropped their target price on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $135.33.

Vertiv Profile

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.