UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Vertiv Holdings Co (NYSE:VRT - Free Report) by 54.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,314,934 shares of the company's stock after purchasing an additional 812,389 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.62% of Vertiv worth $263,000,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Barclays PLC boosted its holdings in Vertiv by 51.4% in the third quarter. Barclays PLC now owns 431,586 shares of the company's stock valued at $42,940,000 after acquiring an additional 146,463 shares during the last quarter. Grassi Investment Management purchased a new position in shares of Vertiv in the 4th quarter worth about $1,380,000. Merit Financial Group LLC acquired a new position in shares of Vertiv in the 4th quarter valued at about $730,000. HB Wealth Management LLC grew its holdings in shares of Vertiv by 13.3% during the 4th quarter. HB Wealth Management LLC now owns 4,498 shares of the company's stock worth $511,000 after purchasing an additional 528 shares during the period. Finally, Diversify Advisory Services LLC acquired a new stake in Vertiv during the 4th quarter worth approximately $497,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on VRT. Royal Bank of Canada started coverage on shares of Vertiv in a research report on Friday, March 7th. They set an "outperform" rating and a $121.00 price target on the stock. Melius cut shares of 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. Citigroup lowered their price target on Vertiv from $153.00 to $98.00 and set a "buy" rating for the company in a report on Monday, April 14th. The Goldman Sachs Group reduced their price objective on Vertiv from $135.00 to $85.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Finally, Morgan Stanley lowered their target price on Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $122.06.

Vertiv Price Performance

Shares of VRT opened at $103.58 on Thursday. 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 firm has a market cap of $39.47 billion, a price-to-earnings ratio of 80.92, a PEG ratio of 1.07 and a beta of 1.70. Vertiv Holdings Co has a 52 week low of $53.60 and a 52 week high of $155.84. The stock has a 50 day moving average of $83.90 and a 200-day moving average of $105.96.

Vertiv (NYSE:VRT - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The company had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same period in the prior year, the company earned $0.43 earnings per share. The firm's revenue was up 24.2% compared to the same quarter last year. As a group, analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders 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 0.14%. The ex-dividend date was Tuesday, March 18th. Vertiv's dividend payout ratio (DPR) is presently 8.72%.

Insider Transactions at Vertiv

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $94.33, for a total value of $518,815.00. Following the sale, the insider now directly owns 18,847 shares of the company's stock, valued at $1,777,837.51. This trade represents a 22.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.63% of the company's stock.

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.

Want to see what other hedge funds are holding VRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vertiv Holdings Co (NYSE:VRT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.