American Century Companies Inc. Purchases 538,673 Shares of Vertiv Holdings Co (NYSE:VRT)

American Century Companies Inc. lifted its holdings in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 19.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,322,527 shares of the company's stock after purchasing an additional 538,673 shares during the period. American Century Companies Inc. owned 0.89% of Vertiv worth $377,472,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VRT. Empowered Funds LLC grew its holdings in Vertiv by 6.5% during the 3rd quarter. Empowered Funds LLC now owns 5,498 shares of the company's stock worth $547,000 after acquiring an additional 335 shares during the last quarter. Caprock Group LLC acquired a new position in shares of Vertiv during the third quarter worth approximately $409,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Vertiv during the third quarter valued at approximately $869,000. PNC Financial Services Group Inc. increased its holdings in shares of Vertiv by 10.2% in the third quarter. PNC Financial Services Group Inc. now owns 28,066 shares of the company's stock valued at $2,792,000 after purchasing an additional 2,604 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its position in Vertiv by 32.1% in the 3rd quarter. First Horizon Advisors Inc. now owns 4,804 shares of the company's stock worth $478,000 after purchasing an additional 1,166 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Trading Down 2.3 %

Shares of NYSE VRT traded down $2.14 during midday trading on Tuesday, reaching $91.55. 6,847,403 shares of the stock were exchanged, compared to its average volume of 8,522,945. The business has a 50-day simple moving average of $106.85 and a two-hundred day simple moving average of $111.55. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The company has a market capitalization of $34.86 billion, a price-to-earnings ratio of 71.52, a P/E/G ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a 12 month low of $62.40 and a 12 month high of $155.84.

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Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping analysts' consensus estimates 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 last year, the company earned $0.56 EPS. As a group, equities research analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.16%. The ex-dividend date of this dividend is Tuesday, March 18th. Vertiv's dividend payout ratio (DPR) is presently 11.72%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on VRT shares. Evercore ISI lowered their target price on Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a research note on Friday, January 17th. Barclays lowered their price objective on Vertiv from $131.00 to $111.00 and set an "equal weight" rating for the company in a research report on Monday, March 3rd. Fox Advisors began coverage on shares of Vertiv in a research report on Monday, January 6th. They set an "equal weight" rating 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. Finally, Royal Bank of Canada started coverage on shares of Vertiv in a research note on Friday, March 7th. They set an "outperform" rating and a $121.00 price target for the company. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, Vertiv has an average rating of "Moderate Buy" and a consensus target price of $136.07.

Vertiv 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.