Glynn Capital Management LLC Acquires New Shares in Vertiv Holdings Co (NYSE:VRT)

Glynn Capital Management LLC bought a new position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 118,554 shares of the company's stock, valued at approximately $13,469,000. Vertiv accounts for 3.2% of Glynn Capital Management LLC's portfolio, making the stock its 15th largest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CIBC Asset Management Inc raised its position in shares of Vertiv by 5.4% during the third quarter. CIBC Asset Management Inc now owns 13,461 shares of the company's stock valued at $1,339,000 after buying an additional 691 shares during the last quarter. Empowered Funds LLC raised its position in shares of Vertiv by 6.5% during the third quarter. Empowered Funds LLC now owns 5,498 shares of the company's stock valued at $547,000 after buying an additional 335 shares during the last quarter. Natixis Advisors LLC raised its position in shares of Vertiv by 59.2% during the third quarter. Natixis Advisors LLC now owns 128,451 shares of the company's stock valued at $12,779,000 after buying an additional 47,748 shares during the last quarter. Claro Advisors LLC raised its position in shares of Vertiv by 74.3% during the third quarter. Claro Advisors LLC now owns 5,155 shares of the company's stock valued at $513,000 after buying an additional 2,197 shares during the last quarter. Finally, GLOBALT Investments LLC GA raised its position in shares of Vertiv by 3.0% during the third quarter. GLOBALT Investments LLC GA now owns 6,341 shares of the company's stock valued at $631,000 after buying an additional 184 shares during the last quarter. Institutional investors own 89.92% of the company's stock.

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Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Citigroup lifted their price objective on shares of Vertiv from $141.00 to $155.00 and gave the company a "buy" rating in a research report on Monday, December 9th. Melius Research reissued a "hold" rating and issued a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. Melius lowered shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 target price for the company. in a report on Tuesday, January 28th. Evercore ISI cut their target price on shares of Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a report on Friday, January 17th. Finally, Royal Bank of Canada started coverage on shares of Vertiv in a report on Friday, March 7th. They issued an "outperform" rating and a $121.00 target price for the company. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $136.07.

Vertiv Trading Down 0.6 %

NYSE VRT traded down $0.50 on Friday, hitting $88.58. 5,238,546 shares of the stock were exchanged, compared to its average volume of 8,523,856. 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 has a fifty day moving average price of $107.46 and a two-hundred day moving average price of $110.91. The firm has a market capitalization of $33.73 billion, a P/E ratio of 69.20, a P/E/G ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a 52-week low of $62.40 and a 52-week high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping 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 quarter in the prior year, the business earned $0.56 earnings per share. Research analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The firm also recently announced 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 11.72%.

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.