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

Mitsubishi UFJ Trust & Banking Corp decreased its position in shares of Vertiv Holdings Co (NYSE:VRT) by 5.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jennison Associates LLC raised its position in Vertiv by 68.6% in the 4th 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 increased its stake in Vertiv by 271.0% in 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 period. Castle Hook Partners LP raised its holdings in shares of Vertiv by 215.6% in the third quarter. Castle Hook Partners LP now owns 1,864,426 shares of the company’s stock valued at $185,492,000 after buying an additional 1,273,746 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Vertiv by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company’s stock worth $4,130,415,000 after buying an additional 1,244,780 shares during the period. Finally, Whale Rock Capital Management LLC purchased a new position in shares of Vertiv during the third quarter worth about $110,517,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Trading Down 6.3 %

Shares of Vertiv stock 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 12-month low of $62.40 and a 12-month high of $155.84. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The stock has a market cap of $29.11 billion, a PE 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 data on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate 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 prior year, the company posted $0.56 earnings per share. On average, research analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Royal Bank of Canada started coverage on Vertiv in a research note on Friday, March 7th. They set an “outperform” rating and a $121.00 price objective for the company. Melius Research restated a “hold” rating and set a $125.00 price target on shares of Vertiv in a research note on Tuesday, January 28th. Citigroup lifted their price objective 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. Fox Advisors started coverage on shares of Vertiv in a research report on Monday, January 6th. They set an “equal weight” rating for the company. Finally, Melius downgraded shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a report on Tuesday, January 28th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.