Vanguard Group Inc. Purchases 1,244,780 Shares of Vertiv Holdings Co (NYSE:VRT)

Vanguard Group Inc. increased its position in shares of Vertiv Holdings Co (NYSE:VRT) by 3.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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 9.69% of Vertiv worth $4,130,415,000 as of its most recent SEC filing.

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

Vertiv Stock Performance

NYSE:VRT opened at $93.78 on Tuesday. The company has a market cap of $35.71 billion, a price-to-earnings ratio of 73.27, a PEG ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a fifty-two week low of $62.40 and a fifty-two week high of $155.84. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The stock has a fifty day moving average price of $106.85 and a 200-day moving average price of $111.55.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share 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 previous year, the business earned $0.56 earnings per share. As a group, equities analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 18th will be paid a $0.0375 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a yield of 0.16%. Vertiv’s dividend payout ratio (DPR) is 11.72%.

Analyst Ratings Changes

Several research firms recently issued reports on VRT. Fox Advisors initiated coverage on Vertiv in a report on Monday, January 6th. They set an “equal weight” rating on the stock. Melius Research reaffirmed a “hold” rating and set a $125.00 price target on shares of Vertiv in a research report on Tuesday, January 28th. Royal Bank of Canada initiated coverage on Vertiv in a research note on Friday, March 7th. They issued an “outperform” rating and a $121.00 price objective on the stock. Evercore ISI reduced their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Finally, Morgan Stanley began coverage on Vertiv in a report on Monday, January 6th. They set an “overweight” rating and a $150.00 price target 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.07.

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.