Vertiv Holdings Co (NYSE:VRT) Shares Purchased by MML Investors Services LLC

MML Investors Services LLC grew its holdings in Vertiv Holdings Co (NYSE:VRT - Free Report) by 26.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,803 shares of the company's stock after purchasing an additional 8,087 shares during the quarter. MML Investors Services LLC's holdings in Vertiv were worth $4,408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in VRT. Silverleafe Capital Partners LLC acquired a new position in Vertiv during the 4th quarter worth approximately $4,219,000. Foundations Investment Advisors LLC raised its position in shares of Vertiv by 7.9% during the fourth quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company's stock worth $21,076,000 after purchasing an additional 13,559 shares during the period. Empowered Funds LLC lifted its holdings in shares of Vertiv by 67.0% in the 4th quarter. Empowered Funds LLC now owns 9,180 shares of the company's stock worth $1,043,000 after purchasing an additional 3,682 shares in the last quarter. Nordea Investment Management AB grew its position in Vertiv by 3,417.9% in the 4th quarter. Nordea Investment Management AB now owns 964,104 shares of the company's stock valued at $110,544,000 after purchasing an additional 936,698 shares during the period. Finally, Register Financial Advisors LLC bought a new stake in Vertiv during the 4th quarter valued at $217,000. Institutional investors own 89.92% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on VRT shares. Morgan Stanley lowered their target price on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Royal Bank of Canada started coverage on Vertiv in a research note on Friday, March 7th. They issued an "outperform" rating and a $121.00 price objective for the company. Roth Mkm started coverage on Vertiv in a research report on Tuesday, April 8th. They set a "buy" rating and a $75.00 target price on the stock. Citigroup cut their price objective on shares of Vertiv from $153.00 to $98.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, The Goldman Sachs Group decreased their price objective on shares of Vertiv from $135.00 to $85.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $120.38.

Vertiv Price Performance

VRT stock traded down $0.74 during midday trading on Tuesday, hitting $85.41. The company's stock had a trading volume of 1,469,910 shares, compared to its average volume of 8,958,947. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $32.52 billion, a price-to-earnings ratio of 66.71, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The company has a 50 day moving average of $80.62 and a two-hundred day moving average of $107.39. Vertiv Holdings Co has a 12 month low of $53.60 and a 12 month high of $155.84.

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

Vertiv Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were given a dividend of $0.0375 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.18%. Vertiv's dividend payout ratio (DPR) is 8.72%.

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.