Sterling Capital Management LLC Has $10.63 Million Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Sterling Capital Management LLC boosted its holdings in Vertiv Holdings Co (NYSE:VRT - Free Report) by 11.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 93,563 shares of the company's stock after acquiring an additional 9,744 shares during the period. Sterling Capital Management LLC's holdings in Vertiv were worth $10,630,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. HighTower Advisors LLC grew its stake in Vertiv by 19.2% in the 3rd quarter. HighTower Advisors LLC now owns 40,708 shares of the company's stock valued at $3,999,000 after buying an additional 6,564 shares during the last quarter. EP Wealth Advisors LLC grew its position in shares of Vertiv by 43.4% in the third quarter. EP Wealth Advisors LLC now owns 4,278 shares of the company's stock valued at $426,000 after purchasing an additional 1,294 shares during the last quarter. National Bank of Canada FI increased its stake in shares of Vertiv by 12.3% during the third quarter. National Bank of Canada FI now owns 6,164 shares of the company's stock worth $613,000 after purchasing an additional 677 shares during the period. XTX Topco Ltd acquired a new stake in Vertiv during the 3rd quarter worth approximately $777,000. Finally, Orion Portfolio Solutions LLC boosted its stake in Vertiv by 65.6% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,665 shares of the company's stock valued at $1,857,000 after purchasing an additional 7,391 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

Several analysts have weighed in on VRT shares. Evercore ISI dropped their price objective on shares of Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a research note on Friday, January 17th. Fox Advisors assumed coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an "equal weight" rating for the company. Royal Bank of Canada assumed coverage on Vertiv in a research note on Friday, March 7th. They issued an "outperform" rating and a $121.00 price target for the company. Roth Mkm assumed coverage on Vertiv in a research note on Tuesday, April 8th. They set a "buy" rating and a $75.00 price objective on the stock. Finally, Barclays cut their target price on Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a research report on Friday, April 4th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Vertiv currently has a consensus rating of "Moderate Buy" and a consensus price target of $125.50.

Vertiv Trading Up 2.4 %

Shares of Vertiv stock traded up $1.66 during trading on Friday, hitting $69.39. The company's stock had a trading volume of 8,182,977 shares, compared to its average volume of 9,021,713. The stock has a market cap of $26.42 billion, a price-to-earnings ratio of 54.21, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a 52 week low of $53.60 and a 52 week high of $155.84. The stock has a 50-day moving average price of $89.17 and a two-hundred day moving average price of $109.50. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping analysts' consensus estimates 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 last year, the company earned $0.56 EPS. Equities research analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date was Tuesday, March 18th. Vertiv's dividend payout ratio is 11.72%.

Vertiv Company 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.