Franklin Resources Inc. Buys 257,323 Shares of Vertiv Holdings Co (NYSE:VRT)

Franklin Resources Inc. increased its stake in Vertiv Holdings Co (NYSE:VRT) by 24.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,314,300 shares of the company’s stock after purchasing an additional 257,323 shares during the period. Franklin Resources Inc. owned approximately 0.35% of Vertiv worth $149,318,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in VRT. Silverleafe Capital Partners LLC bought a new position in shares of Vertiv during the fourth quarter worth about $4,219,000. Foundations Investment Advisors LLC grew its stake in shares of Vertiv by 7.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock worth $21,076,000 after acquiring an additional 13,559 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of 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 during the last quarter. Gordian Capital Singapore Pte Ltd lifted its position in shares of Vertiv by 112.5% in 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 in the last quarter. Finally, Nordea Investment Management AB boosted its holdings 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 purchasing an additional 936,698 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on VRT. Evercore ISI lowered their price target on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Citigroup lifted their target price on Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Melius cut 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. Morgan Stanley began coverage on Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 price target for the company. Finally, Fox Advisors started coverage on Vertiv in a research note on Monday, January 6th. They set an “equal weight” rating on the stock. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $135.33.

Vertiv Trading Up 2.6 %

VRT stock opened at $77.23 on Thursday. Vertiv Holdings Co has a one year low of $62.40 and a one year high of $155.84. The stock has a market cap of $29.41 billion, a price-to-earnings ratio of 60.34, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The company has a fifty day moving average price of $98.69 and a two-hundred day moving average price of $111.27. 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 (NYSE:VRT) last announced its earnings results on Wednesday, February 12th. The company reported $0.99 EPS 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 prior year, the business posted $0.56 earnings per share. Equities analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were paid a dividend of $0.0375 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.19%. Vertiv’s dividend payout ratio (DPR) 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.