Clearbridge Investments LLC Increases Holdings in Vertiv Holdings Co (NYSE:VRT)

Clearbridge Investments LLC grew its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 4.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,647,326 shares of the company’s stock after acquiring an additional 167,061 shares during the quarter. Clearbridge Investments LLC owned about 0.97% of Vertiv worth $414,373,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in shares of Vertiv during the fourth quarter valued at $391,777,000. Jennison Associates LLC boosted its holdings in shares of Vertiv by 68.6% during the 4th quarter. Jennison Associates LLC now owns 7,754,347 shares of the company’s stock valued at $880,971,000 after acquiring an additional 3,153,932 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Vertiv by 271.0% in the third quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock worth $389,548,000 after acquiring an additional 2,860,181 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Vertiv by 136.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company’s stock worth $379,101,000 after purchasing an additional 1,928,275 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Vertiv by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company’s stock valued at $4,130,415,000 after buying an additional 1,244,780 shares during the period. 89.92% of the stock is currently owned by institutional investors.

Vertiv Stock Down 2.6 %

NYSE VRT opened at $74.32 on Friday. Vertiv Holdings Co has a 52 week low of $62.40 and a 52 week high of $155.84. The firm has a market cap of $28.30 billion, a PE ratio of 58.06, a P/E/G ratio of 1.07 and a beta of 1.71. The business’s fifty day simple moving average is $102.74 and its 200-day simple moving average is $111.48. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19.

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

Vertiv Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have commented on VRT. Melius downgraded Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective on the stock. in a research note on Tuesday, January 28th. Fox Advisors started coverage on Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating for the company. Barclays lowered their price objective on Vertiv from $111.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Royal Bank of Canada started coverage on Vertiv in a research report on Friday, March 7th. They set an “outperform” rating and a $121.00 price objective for the company. Finally, Citigroup increased their price target on Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 9th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.33.

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.