Skandinaviska Enskilda Banken AB publ Acquires 21,300 Shares of Vertiv Holdings Co (NYSE:VRT)

Skandinaviska Enskilda Banken AB publ raised its holdings in Vertiv Holdings Co (NYSE:VRT) by 26.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,344 shares of the company’s stock after purchasing an additional 21,300 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Vertiv were worth $11,896,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Achmea Investment Management B.V. grew its stake in Vertiv by 1,257.1% in the 4th quarter. Achmea Investment Management B.V. now owns 45,597 shares of the company’s stock valued at $5,181,000 after purchasing an additional 42,237 shares during the period. Telemark Asset Management LLC lifted its position in shares of Vertiv by 300.0% during the 4th quarter. Telemark Asset Management LLC now owns 120,000 shares of the company’s stock valued at $13,633,000 after buying an additional 90,000 shares during the last quarter. Tredje AP fonden lifted its position in shares of Vertiv by 29.9% during the 4th quarter. Tredje AP fonden now owns 73,987 shares of the company’s stock valued at $8,406,000 after buying an additional 17,014 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Vertiv during the 4th quarter valued at $9,612,000. Finally, Avantax Advisory Services Inc. lifted its position in shares of Vertiv by 8.4% during the 4th quarter. Avantax Advisory Services Inc. now owns 23,661 shares of the company’s stock valued at $2,688,000 after buying an additional 1,838 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

Vertiv Stock Performance

NYSE:VRT opened at $87.54 on Friday. The business’s 50-day moving average price is $111.69 and its two-hundred day moving average price is $110.68. Vertiv Holdings Co has a twelve month low of $62.40 and a twelve month high of $155.84. The stock has a market cap of $33.33 billion, a P/E ratio of 68.39, a PEG ratio of 1.07 and a beta of 1.71. 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 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 previous year, the company posted $0.56 EPS. As a group, equities analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.0375 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.17%. Vertiv’s dividend payout ratio (DPR) is presently 11.72%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on VRT. Morgan Stanley began coverage on Vertiv in a research report on Monday, January 6th. They set an “overweight” rating and a $150.00 price target on the stock. Fox Advisors began coverage on Vertiv in a research report on Monday, January 6th. They set an “equal weight” rating on the stock. Barclays dropped their price target on Vertiv from $131.00 to $111.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. Royal Bank of Canada initiated coverage on Vertiv in a report on Friday, March 7th. They set an “outperform” rating and a $121.00 price objective on the stock. Finally, Citigroup increased their price objective on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $136.07.

About Vertiv

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.