iA Global Asset Management Inc. Increases Holdings in Vertiv Holdings Co (NYSE:VRT)

iA Global Asset Management Inc. grew its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 33.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 16,980 shares of the company’s stock after purchasing an additional 4,217 shares during the period. iA Global Asset Management Inc.’s holdings in Vertiv were worth $1,929,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Silverleafe Capital Partners LLC purchased a new stake in Vertiv during the 4th quarter worth about $4,219,000. Foundations Investment Advisors LLC lifted its holdings in shares of Vertiv by 7.9% in the 4th quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock valued at $21,076,000 after purchasing an additional 13,559 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Vertiv by 67.0% in the 4th 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 during the last quarter. Gordian Capital Singapore Pte Ltd lifted its holdings in shares of 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 purchasing an additional 4,500 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of Vertiv by 3,417.9% in the 4th quarter. Nordea Investment Management AB now owns 964,104 shares of the company’s stock valued at $110,544,000 after purchasing an additional 936,698 shares during the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Vertiv Stock Performance

VRT opened at $88.58 on Friday. The stock has a market cap of $33.73 billion, a P/E ratio of 69.20, a P/E/G ratio of 1.07 and a beta of 1.71. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The stock’s 50 day simple moving average is $107.46 and its 200 day simple moving average is $110.91. Vertiv Holdings Co has a 1-year low of $62.40 and a 1-year high of $155.84.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.15. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. During the same period in the previous year, the company posted $0.56 EPS. As a group, equities analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 18th will be issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.17%. The ex-dividend date of this dividend is Tuesday, March 18th. Vertiv’s dividend payout ratio is currently 11.72%.

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.