Mitsubishi UFJ Asset Management Co. Ltd. Grows Stake in Vertiv Holdings Co (NYSE:VRT)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Vertiv Holdings Co (NYSE:VRT - Free Report) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 305,444 shares of the company's stock after acquiring an additional 3,975 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.08% of Vertiv worth $38,385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in VRT. Algert Global LLC purchased a new stake in Vertiv during the 3rd quarter valued at about $518,000. Larson Financial Group LLC grew its position in shares of Vertiv by 232.9% in the third quarter. Larson Financial Group LLC now owns 839 shares of the company's stock valued at $83,000 after purchasing an additional 587 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of Vertiv by 30.5% in the third quarter. Bank of Montreal Can now owns 204,281 shares of the company's stock valued at $20,103,000 after purchasing an additional 47,750 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Vertiv by 25.5% during the third quarter. The Manufacturers Life Insurance Company now owns 38,306 shares of the company's stock worth $3,811,000 after buying an additional 7,783 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in Vertiv in the 3rd quarter valued at $30,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on VRT shares. Citigroup boosted their price target 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. Barclays dropped their price target 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. Evercore ISI reduced their price target on shares of Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a research report on Friday, January 17th. Melius Research reiterated a "hold" rating and issued a $125.00 price objective on shares of Vertiv in a research report on Tuesday, January 28th. Finally, Fox Advisors initiated coverage on Vertiv in a research report on Monday, January 6th. They issued an "equal weight" rating on the stock. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $135.33.

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Vertiv Stock Up 2.3 %

VRT traded up $1.69 during trading hours on Tuesday, hitting $73.89. 6,968,994 shares of the company's stock were exchanged, compared to its average volume of 10,631,428. 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 12-month low of $62.40 and a 12-month high of $155.84. The firm has a market cap of $28.14 billion, a P/E ratio of 57.71, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The firm has a 50 day moving average of $101.47 and a 200 day moving average of $111.58.

Vertiv (NYSE:VRT - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping the consensus estimate 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 quarter in the previous year, the business posted $0.56 earnings per share. Analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current fiscal 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 issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.20%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv's dividend payout ratio (DPR) is presently 11.72%.

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.