Royce & Associates LP Sells 5,717 Shares of Vertiv Holdings Co (NYSE:VRT)

Royce & Associates LP trimmed its holdings in Vertiv Holdings Co (NYSE:VRT - Free Report) by 6.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 84,741 shares of the company's stock after selling 5,717 shares during the quarter. Royce & Associates LP's holdings in Vertiv were worth $9,627,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. CIBC Asset Management Inc boosted its position in Vertiv by 5.4% in the 3rd quarter. CIBC Asset Management Inc now owns 13,461 shares of the company's stock valued at $1,339,000 after buying an additional 691 shares during the last quarter. Empowered Funds LLC boosted its holdings in Vertiv by 6.5% in the third quarter. Empowered Funds LLC now owns 5,498 shares of the company's stock valued at $547,000 after acquiring an additional 335 shares during the last quarter. Natixis Advisors LLC increased its position in Vertiv by 59.2% in the third quarter. Natixis Advisors LLC now owns 128,451 shares of the company's stock worth $12,779,000 after purchasing an additional 47,748 shares during the period. Claro Advisors LLC raised its holdings in Vertiv by 74.3% during the 3rd quarter. Claro Advisors LLC now owns 5,155 shares of the company's stock worth $513,000 after purchasing an additional 2,197 shares during the last quarter. Finally, GLOBALT Investments LLC GA lifted its position in Vertiv by 3.0% during the 3rd quarter. GLOBALT Investments LLC GA now owns 6,341 shares of the company's stock valued at $631,000 after purchasing an additional 184 shares during the period. Institutional investors and hedge funds own 89.92% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on VRT. Citigroup boosted their price target on shares of Vertiv from $141.00 to $155.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Melius cut shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 target price for the company. in a research report on Tuesday, January 28th. Melius Research restated a "hold" rating and issued a $125.00 price target on shares of Vertiv in a research report on Tuesday, January 28th. Fox Advisors started coverage on Vertiv in a research note on Monday, January 6th. They set an "equal weight" rating for the company. Finally, Morgan Stanley initiated coverage on Vertiv in a research note on Monday, January 6th. They issued an "overweight" rating and a $150.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Vertiv has a consensus rating of "Moderate Buy" and a consensus target price of $136.07.

Vertiv Stock Down 0.6 %

Shares of NYSE:VRT traded down $0.50 during midday trading on Friday, reaching $88.58. 5,238,546 shares of the company were exchanged, compared to its average volume of 8,523,856. The firm has a market cap of $33.73 billion, a PE ratio of 69.20, 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. Vertiv Holdings Co has a fifty-two week low of $62.40 and a fifty-two week high of $155.84. The stock has a fifty day simple moving average of $107.46 and a two-hundred day simple moving average of $110.91.

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, beating 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 period in the prior year, the business posted $0.56 EPS. As a group, sell-side analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be issued a $0.0375 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.17%. Vertiv's dividend payout ratio (DPR) is presently 11.72%.

About Vertiv

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.