Lbp Am Sa Reduces Stake in Vertiv Holdings Co (NYSE:VRT)

Lbp Am Sa lessened its position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 9.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 488,842 shares of the company's stock after selling 48,248 shares during the quarter. Lbp Am Sa owned approximately 0.13% of Vertiv worth $55,537,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Principal Financial Group Inc. raised its position in Vertiv by 430.5% during the third quarter. Principal Financial Group Inc. now owns 165,557 shares of the company's stock worth $16,471,000 after acquiring an additional 134,349 shares during the last quarter. Atria Investments Inc increased its stake in shares of Vertiv by 45.6% during the 3rd quarter. Atria Investments Inc now owns 16,690 shares of the company's stock worth $1,660,000 after purchasing an additional 5,225 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in shares of Vertiv by 5.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,950 shares of the company's stock worth $293,000 after purchasing an additional 156 shares during the last quarter. Apollon Wealth Management LLC lifted its stake in Vertiv by 71.8% in the 3rd quarter. Apollon Wealth Management LLC now owns 9,894 shares of the company's stock valued at $984,000 after buying an additional 4,135 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in Vertiv by 13.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 849,809 shares of the company's stock valued at $84,547,000 after buying an additional 102,042 shares during the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Vertiv Price Performance

VRT opened at $83.46 on Friday. Vertiv Holdings Co has a 52-week low of $62.40 and a 52-week high of $155.84. The company has a 50 day moving average of $112.45 and a two-hundred day moving average of $110.61. The company has a market cap of $31.78 billion, a P/E ratio of 65.20, a P/E/G ratio of 1.07 and a beta of 1.71. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19.

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Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly 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 net margin of 6.19% and a return on equity of 61.41%. During the same quarter in the previous year, the business posted $0.56 earnings per share. On average, analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 18th will be given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.18%. The ex-dividend date is Tuesday, March 18th. Vertiv's dividend payout ratio (DPR) is presently 11.72%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group boosted their price target on Vertiv from $126.00 to $140.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Oppenheimer upped their target price on shares of Vertiv from $121.00 to $131.00 and gave the company an "outperform" rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. raised their price target on shares of Vertiv from $124.00 to $132.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 19th. Citigroup boosted their price objective 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, Barclays decreased their target price on shares of Vertiv from $131.00 to $111.00 and set an "equal weight" rating on the stock in a research report on Monday, March 3rd. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $136.07.

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.

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