Clearbridge Investments LLC Raises Stock Position in Vertiv Holdings Co (NYSE:VRT)

Clearbridge Investments LLC boosted its stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 4.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,647,326 shares of the company's stock after buying an additional 167,061 shares during the period. Clearbridge Investments LLC owned approximately 0.97% of Vertiv worth $414,373,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Silverleafe Capital Partners LLC acquired a new position in Vertiv in the 4th quarter worth $4,219,000. Foundations Investment Advisors LLC grew its holdings 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 buying an additional 13,559 shares in the last quarter. Empowered Funds LLC raised its position in Vertiv by 67.0% in the 4th quarter. Empowered Funds LLC now owns 9,180 shares of the company's stock valued at $1,043,000 after buying an additional 3,682 shares during the last quarter. Gordian Capital Singapore Pte Ltd lifted its stake in Vertiv by 112.5% in the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company's stock valued at $846,000 after acquiring an additional 4,500 shares in the last quarter. Finally, Nordea Investment Management AB boosted its position in Vertiv by 3,417.9% during the 4th quarter. Nordea Investment Management AB now owns 964,104 shares of the company's stock worth $110,544,000 after acquiring an additional 936,698 shares during the last quarter. Institutional investors own 89.92% of the company's stock.

Analyst Ratings Changes

VRT has been the subject of several recent analyst reports. Morgan Stanley began coverage on Vertiv in a report on Monday, January 6th. They issued an "overweight" rating and a $150.00 price objective for the company. Melius Research reissued a "hold" rating and set a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. Fox Advisors began coverage on Vertiv in a research report on Monday, January 6th. They set an "equal weight" rating on the stock. Citigroup boosted their target price 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. Finally, Royal Bank of Canada initiated coverage on Vertiv in a report on Friday, March 7th. They set an "outperform" rating and a $121.00 price target for the company. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Vertiv currently has an average rating of "Moderate Buy" and a consensus price target of $135.33.

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Vertiv Price Performance

VRT traded up $3.09 on Tuesday, reaching $75.29. The company had a trading volume of 9,865,767 shares, compared to its average volume of 8,772,337. The business has a 50 day simple moving average of $101.47 and a 200 day simple moving average of $111.58. Vertiv Holdings Co has a 52-week low of $62.40 and a 52-week high of $155.84. 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 company has a market cap of $28.67 billion, a price-to-earnings ratio of 58.82, a P/E/G ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings data 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 period in the previous year, the company posted $0.56 earnings per share. As a group, sell-side analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors 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 0.20%. Vertiv's dividend payout ratio (DPR) is presently 11.72%.

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.