Skandinaviska Enskilda Banken AB publ increased its position in Vertiv Holdings Co (NYSE:VRT - Free Report) by 26.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,344 shares of the company's stock after buying an additional 21,300 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in Vertiv were worth $11,896,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. Principal Financial Group Inc. boosted its stake in Vertiv by 430.5% in the 3rd quarter. Principal Financial Group Inc. now owns 165,557 shares of the company's stock worth $16,471,000 after buying an additional 134,349 shares during the last quarter. Atria Investments Inc lifted its holdings in shares of Vertiv by 45.6% during the 3rd quarter. Atria Investments Inc now owns 16,690 shares of the company's stock worth $1,660,000 after acquiring an additional 5,225 shares during the period. Crossmark Global Holdings Inc. boosted its position in shares of Vertiv by 5.6% in the third quarter. Crossmark Global Holdings Inc. now owns 2,950 shares of the company's stock worth $293,000 after acquiring an additional 156 shares during the last quarter. Apollon Wealth Management LLC grew its holdings in Vertiv by 71.8% in the third quarter. Apollon Wealth Management LLC now owns 9,894 shares of the company's stock valued at $984,000 after purchasing an additional 4,135 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in Vertiv by 13.6% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 849,809 shares of the company's stock worth $84,547,000 after purchasing an additional 102,042 shares during the period. Hedge funds and other institutional investors own 89.92% of the company's stock.
Vertiv Stock Down 4.9 %
Shares of Vertiv stock traded down $4.39 during trading on Tuesday, reaching $84.65. The company had a trading volume of 6,131,856 shares, compared to its average volume of 8,588,833. 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 Holdings Co has a fifty-two week low of $62.40 and a fifty-two week high of $155.84. The firm's fifty day moving average is $110.79 and its 200-day moving average is $111.17. The company has a market cap of $32.23 billion, a price-to-earnings ratio of 66.13, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71.
Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings data 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 quarter in the previous year, the company earned $0.56 EPS. On average, analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current year.
Vertiv Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 18th will be given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date of this dividend is Tuesday, March 18th. Vertiv's dividend payout ratio is presently 11.72%.
Wall Street Analysts Forecast Growth
VRT has been the subject of a number of research analyst reports. Oppenheimer upped their price objective on Vertiv from $121.00 to $131.00 and gave the stock an "outperform" rating in a report on Tuesday, November 19th. Royal Bank of Canada initiated coverage on Vertiv in a research note on Friday, March 7th. They set an "outperform" rating and a $121.00 price target for the company. JPMorgan Chase & Co. lifted their price objective on Vertiv from $124.00 to $132.00 and gave the company an "overweight" rating in a research note on Tuesday, November 19th. Mizuho increased their target price on shares of Vertiv from $125.00 to $145.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 19th. Finally, TD Cowen lifted their price target on shares of Vertiv from $115.00 to $141.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $136.07.
View Our Latest Stock Report on VRT
About Vertiv
(
Free Report)
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.
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