Royal London Asset Management Ltd. Buys 30,911 Shares of Vertiv Holdings Co (NYSE:VRT)

Royal London Asset Management Ltd. increased its position in Vertiv Holdings Co (NYSE:VRT - Free Report) by 25.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 152,843 shares of the company's stock after purchasing an additional 30,911 shares during the period. Royal London Asset Management Ltd.'s holdings in Vertiv were worth $17,364,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. GM Advisory Group LLC acquired a new position in Vertiv during the 4th quarter valued at about $308,000. Harvest Fund Management Co. Ltd lifted its holdings in shares of Vertiv by 28.9% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 45,462 shares of the company's stock valued at $5,167,000 after purchasing an additional 10,186 shares in the last quarter. Glynn Capital Management LLC purchased a new position in shares of Vertiv during the fourth quarter valued at approximately $13,469,000. Vinva Investment Management Ltd grew its holdings in Vertiv by 1.8% during the fourth quarter. Vinva Investment Management Ltd now owns 92,714 shares of the company's stock worth $10,770,000 after buying an additional 1,647 shares in the last quarter. Finally, Andar Capital Management HK Ltd purchased a new stake in Vertiv in the 4th quarter valued at $1,182,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Citigroup lifted their price objective on shares of Vertiv from $141.00 to $155.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Barclays cut their price target on shares of Vertiv from $131.00 to $111.00 and set an "equal weight" rating on the stock in a report on Monday, March 3rd. Fox Advisors started coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an "equal weight" rating for the company. Melius Research restated a "hold" rating and issued a $125.00 target price on shares of Vertiv in a research note on Tuesday, January 28th. Finally, Morgan Stanley assumed coverage on Vertiv in a research report on Monday, January 6th. They set an "overweight" rating and a $150.00 price target for the company. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $136.07.

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Vertiv Stock Performance

Shares of VRT stock traded down $2.14 on Tuesday, hitting $91.55. 6,847,403 shares of the stock were exchanged, compared to its average volume of 8,522,945. Vertiv Holdings Co has a one year low of $62.40 and a one year high of $155.84. The firm's 50 day moving average is $106.85 and its two-hundred day moving average is $111.55. The firm has a market capitalization of $34.86 billion, a PE ratio of 71.52, a P/E/G ratio of 1.07 and a beta of 1.71. 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 (NYSE:VRT - Get Free Report) last issued 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 net margin of 6.19% and a return on equity of 61.41%. During the same quarter last year, the firm earned $0.56 earnings per share. Sell-side analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.0375 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a yield of 0.16%. Vertiv's payout ratio is 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.