Franklin Resources Inc. boosted its position in Vertiv Holdings Co (NYSE:VRT - Free Report) by 24.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,314,300 shares of the company's stock after acquiring an additional 257,323 shares during the period. Franklin Resources Inc. owned 0.35% of Vertiv worth $149,318,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. B. Metzler seel. Sohn & Co. AG grew its stake in shares of Vertiv by 43.8% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 12,565 shares of the company's stock worth $1,428,000 after purchasing an additional 3,830 shares during the period. Alliancebernstein L.P. boosted its holdings in Vertiv by 73.7% during the fourth quarter. Alliancebernstein L.P. now owns 327,293 shares of the company's stock worth $37,184,000 after buying an additional 138,871 shares during the last quarter. Bedell Frazier Investment Counselling LLC acquired a new position in shares of Vertiv during the 4th quarter worth about $415,000. Meeder Asset Management Inc. increased its stake in shares of Vertiv by 112.9% in the 4th quarter. Meeder Asset Management Inc. now owns 90,160 shares of the company's stock valued at $10,243,000 after acquiring an additional 47,806 shares during the last quarter. Finally, AIA Group Ltd acquired a new stake in shares of Vertiv in the 4th quarter valued at approximately $242,000. Institutional investors own 89.92% of the company's stock.
Analyst Upgrades and Downgrades
VRT has been the subject of several recent analyst reports. Barclays lowered their target price on shares of Vertiv from $111.00 to $100.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 26th. Citigroup boosted their target price on Vertiv from $141.00 to $155.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Evercore ISI dropped their price target on Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a research report on Friday, January 17th. Fox Advisors began coverage on Vertiv in a report on Monday, January 6th. They set an "equal weight" rating on the stock. Finally, Melius Research reissued a "hold" rating and set a $125.00 target price on shares of Vertiv in a research note on Tuesday, January 28th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $135.33.
View Our Latest Analysis on Vertiv
Vertiv Stock Performance
VRT traded down $9.60 during trading hours on Thursday, reaching $67.51. The company's stock had a trading volume of 14,028,079 shares, compared to its average volume of 8,811,203. The company's 50-day moving average is $96.97 and its 200-day moving average is $110.97. Vertiv Holdings Co has a 52 week low of $62.40 and a 52 week high of $155.84. The firm has a market cap of $25.71 billion, a PE ratio of 52.74, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65.
Vertiv (NYSE:VRT - Get Free Report) last issued 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 earned $0.56 EPS. On average, equities analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current year.
Vertiv Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were given a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.22%. Vertiv's payout ratio is presently 11.72%.
Vertiv Profile
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Free Report)
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.
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