Vertiv Holdings Co (NYSE:VRT) Shares Bought by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD boosted its stake in Vertiv Holdings Co (NYSE:VRT - Free Report) by 3.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,112,929 shares of the company's stock after acquiring an additional 77,859 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.56% of Vertiv worth $240,051,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VRT. Vanguard Group Inc. lifted its stake in Vertiv by 3.5% in 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 in the last quarter. Jennison Associates LLC lifted its position in shares of Vertiv by 68.6% in the fourth 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 in the last quarter. Geode Capital Management LLC increased its position in shares of Vertiv by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company's stock worth $688,260,000 after purchasing an additional 99,181 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new position in Vertiv in the 4th quarter valued at $597,379,000. Finally, Wellington Management Group LLP lifted its holdings in Vertiv by 25.3% in the 4th quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company's stock valued at $557,349,000 after purchasing an additional 990,361 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Vertiv Stock Down 2.3 %

Shares of Vertiv stock traded down $2.02 during trading hours on Wednesday, reaching $84.17. 3,207,973 shares of the company were exchanged, compared to its average volume of 8,933,157. Vertiv Holdings Co has a 1 year low of $53.60 and a 1 year high of $155.84. The firm has a market cap of $32.05 billion, a PE ratio of 65.63, a PEG ratio of 1.07 and a beta of 1.71. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The stock's fifty day moving average is $80.26 and its 200 day moving average is $107.24.

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

Vertiv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were paid a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.18%. Vertiv's dividend payout ratio is currently 8.72%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on VRT shares. Royal Bank of Canada started coverage on shares of Vertiv in a research report on Friday, March 7th. They issued an "outperform" rating and a $121.00 target price for the company. Melius downgraded Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price objective on the stock. in a research report on Tuesday, January 28th. Morgan Stanley reduced their price target on Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Evercore ISI reduced their target price 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. Finally, Roth Mkm started coverage on shares of Vertiv in a report on Tuesday, April 8th. They set a "buy" rating and a $75.00 price target for the company. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Vertiv presently has an average rating of "Moderate Buy" and a consensus price target of $120.38.

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.