Federated Hermes Inc. Acquires 715,212 Shares of Vertiv Holdings Co (NYSE:VRT)

Federated Hermes Inc. boosted its position in Vertiv Holdings Co (NYSE:VRT - Free Report) by 61.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,874,256 shares of the company's stock after purchasing an additional 715,212 shares during the period. Federated Hermes Inc. owned about 0.50% of Vertiv worth $212,946,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SOA Wealth Advisors LLC. bought a new position in shares of Vertiv in the fourth quarter valued at approximately $26,000. OLD Second National Bank of Aurora purchased a new position in Vertiv in the fourth quarter worth $30,000. Tradewinds Capital Management LLC grew its stake in Vertiv by 61.3% in the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock valued at $33,000 after purchasing an additional 111 shares during the period. FNY Investment Advisers LLC purchased a new stake in shares of Vertiv during the 4th quarter valued at $34,000. Finally, Pittenger & Anderson Inc. raised its stake in shares of Vertiv by 92.0% during the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock worth $36,000 after purchasing an additional 150 shares during the period. Hedge funds and other institutional investors own 89.92% of the company's stock.

Vertiv Price Performance

Shares of VRT traded down $4.20 during mid-day trading on Thursday, reaching $68.62. 7,121,356 shares of the stock traded hands, compared to its average volume of 8,993,936. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. Vertiv Holdings Co has a 1 year low of $53.60 and a 1 year high of $155.84. The company has a market cap of $26.13 billion, a price-to-earnings ratio of 53.57, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The firm has a fifty day moving average price of $90.90 and a 200 day moving average price of $109.92.

Vertiv (NYSE:VRT - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share 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 period last year, the company posted $0.56 EPS. As a group, equities research analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders 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 dividend on an annualized basis and a yield of 0.22%. Vertiv's payout ratio is 11.72%.

Wall Street Analyst Weigh In

VRT has been the subject of a number of research analyst reports. Morgan Stanley started coverage on shares of Vertiv in a report on Monday, January 6th. They set an "overweight" rating and a $150.00 price objective for the company. Roth Capital raised shares of Vertiv to a "strong-buy" rating in a report on Monday. JPMorgan Chase & Co. reduced their price objective on Vertiv from $132.00 to $100.00 and set an "overweight" rating for the company in a report on Tuesday. Melius lowered Vertiv from a "buy" rating to a "hold" rating and set a $125.00 target price on the stock. in a research note on Tuesday, January 28th. Finally, Barclays dropped their price target on Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a research report on Friday, April 4th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $128.94.

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.