Envestnet Asset Management Inc. Has $52.89 Million Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Envestnet Asset Management Inc. boosted its stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 7.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 465,535 shares of the company's stock after purchasing an additional 32,086 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.12% of Vertiv worth $52,889,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA acquired a new position in shares of Vertiv during the fourth quarter worth approximately $597,379,000. Norges Bank acquired a new position in Vertiv during the 4th quarter worth $391,777,000. Jennison Associates LLC grew its stake 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 worth $880,971,000 after purchasing an additional 3,153,932 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Vertiv by 136.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company's stock worth $379,101,000 after purchasing an additional 1,928,275 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Vertiv by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock valued at $4,130,415,000 after purchasing an additional 1,244,780 shares during the period. 89.92% of the stock is currently owned by institutional investors.

Vertiv Stock Up 1.8 %

NYSE:VRT traded up $1.31 during trading hours on Tuesday, hitting $72.88. 1,468,639 shares of the company's stock traded hands, compared to its average volume of 8,987,607. The stock's fifty day moving average price is $88.22 and its two-hundred day moving average price is $109.37. 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 firm has a market cap of $27.75 billion, a P/E ratio of 56.95, a P/E/G ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a twelve month low of $53.60 and a twelve month high of $155.84.

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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, beating the consensus estimate of $0.84 by $0.15. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. During the same period last year, the firm posted $0.56 EPS. On average, research analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The company also recently announced 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 was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a yield of 0.21%. Vertiv's dividend payout ratio (DPR) is currently 11.72%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on VRT shares. The Goldman Sachs Group reduced their price objective on shares of Vertiv from $135.00 to $85.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Roth Capital upgraded shares of Vertiv to a "strong-buy" rating in a report on Monday, April 7th. Roth Mkm began coverage on Vertiv in a report on Tuesday, April 8th. They set a "buy" rating and a $75.00 target price on the stock. Melius lowered Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price objective for the company. in a report on Tuesday, January 28th. Finally, Barclays lowered their target price on Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a report on Friday, April 4th. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $121.94.

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.