Royal London Asset Management Ltd. Grows Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Royal London Asset Management Ltd. grew its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 25.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 152,843 shares of the company’s stock after purchasing an additional 30,911 shares during the period. Royal London Asset Management Ltd.’s holdings in Vertiv were worth $17,364,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in VRT. Jennison Associates LLC lifted its holdings in shares of Vertiv by 68.6% during the fourth quarter. Jennison Associates LLC now owns 7,754,347 shares of the company’s stock valued at $880,971,000 after purchasing an additional 3,153,932 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Vertiv by 271.0% during the third quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock valued at $389,548,000 after purchasing an additional 2,860,181 shares during the last quarter. Castle Hook Partners LP lifted its holdings in shares of Vertiv by 215.6% during the third quarter. Castle Hook Partners LP now owns 1,864,426 shares of the company’s stock valued at $185,492,000 after purchasing an additional 1,273,746 shares during the last quarter. Whale Rock Capital Management LLC purchased a new position in shares of Vertiv during the third quarter valued at approximately $110,517,000. Finally, Blue Whale Capital LLP bought a new stake in shares of Vertiv during the third quarter valued at approximately $93,481,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Vertiv Trading Down 0.6 %

Shares of VRT stock opened at $88.58 on Friday. Vertiv Holdings Co has a 1 year low of $62.40 and a 1 year high of $155.84. The firm has a fifty day moving average price of $107.46 and a 200-day moving average price of $110.91. 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 company has a market cap of $33.73 billion, a price-to-earnings ratio of 69.20, a PEG ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 earnings per share. As a group, equities analysts predict 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. Investors of record on Tuesday, March 18th will be paid a dividend of $0.0375 per share. 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 (DPR) is 11.72%.

Analyst Upgrades and Downgrades

VRT has been the subject of several analyst reports. Melius downgraded shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a research report on Tuesday, January 28th. Citigroup raised their price target on shares of Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Melius Research reissued a “hold” rating and set a $125.00 price target on shares of Vertiv in a research report on Tuesday, January 28th. Barclays reduced 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. Finally, Fox Advisors began coverage on shares of Vertiv in a research report on Monday, January 6th. They set an “equal weight” rating for the company. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Vertiv currently has an average rating of “Moderate Buy” and an average target price of $136.07.

Vertiv Company 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.