Meeder Asset Management Inc. Boosts Holdings in Vertiv Holdings Co (NYSE:VRT)

Meeder Asset Management Inc. boosted its stake in Vertiv Holdings Co (NYSE:VRT - Free Report) by 112.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 90,160 shares of the company's stock after acquiring an additional 47,806 shares during the period. Meeder Asset Management Inc.'s holdings in Vertiv were worth $10,243,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AIA Group Ltd purchased a new stake in shares of Vertiv in the fourth quarter valued at about $242,000. Wellington Management Group LLP lifted its position in Vertiv by 25.3% in the fourth quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company's stock valued at $557,349,000 after purchasing an additional 990,361 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in Vertiv by 22.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 15,079 shares of the company's stock valued at $1,713,000 after purchasing an additional 2,748 shares in the last quarter. Clearbridge Investments LLC increased its position in Vertiv by 4.8% during the 4th quarter. Clearbridge Investments LLC now owns 3,647,326 shares of the company's stock worth $414,373,000 after purchasing an additional 167,061 shares during the period. Finally, CIBC Private Wealth Group LLC raised its stake in shares of Vertiv by 10,482.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 846,471 shares of the company's stock worth $96,168,000 after buying an additional 838,472 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

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Vertiv Price Performance

Shares of VRT traded up $3.09 during trading hours on Tuesday, reaching $75.29. 10,125,749 shares of the company traded hands, compared to its average volume of 8,772,378. The stock has a market capitalization of $28.67 billion, a PE ratio of 58.82, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The stock has a fifty day simple moving average of $101.47 and a 200 day simple moving average of $111.58. Vertiv Holdings Co has a fifty-two week low of $62.40 and a fifty-two week high of $155.84. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19.

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

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were issued a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.20%. Vertiv's dividend payout ratio (DPR) is presently 11.72%.

Analyst Ratings Changes

A number of research firms recently weighed in on VRT. Morgan Stanley began coverage on Vertiv in a research note on Monday, January 6th. They issued an "overweight" rating and a $150.00 price target on the stock. Royal Bank of Canada began coverage on shares of Vertiv in a research note on Friday, March 7th. They set an "outperform" rating and a $121.00 price target on the stock. Melius cut shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price objective for the company. in a research note on Tuesday, January 28th. Fox Advisors assumed coverage on shares of Vertiv in a research report on Monday, January 6th. They set an "equal weight" rating on the stock. Finally, Evercore ISI reduced their price target on shares of Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a research report on Friday, January 17th. 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.com, the company has an average rating of "Moderate Buy" and a consensus price target of $135.33.

Vertiv 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.