Sandy Spring Bank Has $2.16 Million Position in Vertiv Holdings Co (NYSE:VRT)

Sandy Spring Bank lifted its position in Vertiv Holdings Co (NYSE:VRT - Free Report) by 38.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,037 shares of the company's stock after purchasing an additional 5,264 shares during the period. Sandy Spring Bank's holdings in Vertiv were worth $2,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of VRT. Jennison Associates LLC boosted its stake in Vertiv by 68.6% during the fourth quarter. Jennison Associates LLC now owns 7,754,347 shares of the company's stock worth $880,971,000 after buying an additional 3,153,932 shares during the last quarter. State Street Corp raised its holdings in shares of Vertiv by 4.2% in the 3rd quarter. State Street Corp now owns 7,635,081 shares of the company's stock valued at $759,614,000 after purchasing an additional 308,704 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Vertiv by 7.4% in the third quarter. Geode Capital Management LLC now owns 5,951,784 shares of the company's stock valued at $592,433,000 after purchasing an additional 408,054 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Vertiv by 271.0% during the third quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company's stock worth $389,548,000 after purchasing an additional 2,860,181 shares during the last quarter. Finally, Westfield Capital Management Co. LP raised its position in Vertiv by 1.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 3,611,566 shares of the company's stock valued at $359,315,000 after purchasing an additional 40,696 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

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Analyst Upgrades and Downgrades

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

Vertiv Stock Up 5.8 %

Shares of NYSE VRT traded up $5.15 during midday trading on Monday, reaching $93.78. 6,216,503 shares of the company's stock were exchanged, compared to its average volume of 8,523,391. The business's fifty day moving average price is $107.46 and its two-hundred day moving average price is $111.41. Vertiv Holdings Co has a 52-week low of $62.40 and a 52-week high of $155.84. The stock has a market capitalization of $35.71 billion, a PE ratio of 73.27, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65.

Vertiv (NYSE:VRT - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, beating 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 last year, the business earned $0.56 earnings per share. Analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.0375 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.16%. 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.