Whittier Trust Co. of Nevada Inc. Increases Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Whittier Trust Co. of Nevada Inc. grew its stake in Vertiv Holdings Co (NYSE:VRT - Free Report) by 6.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,503 shares of the company's stock after purchasing an additional 4,382 shares during the period. Whittier Trust Co. of Nevada Inc.'s holdings in Vertiv were worth $7,896,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Whittier Trust Co. increased its stake in Vertiv by 4.8% in the 4th quarter. Whittier Trust Co. now owns 133,351 shares of the company's stock valued at $15,150,000 after buying an additional 6,141 shares during the period. iA Global Asset Management Inc. increased its stake in shares of Vertiv by 33.0% during the fourth quarter. iA Global Asset Management Inc. now owns 16,980 shares of the company's stock worth $1,929,000 after acquiring an additional 4,217 shares during the period. Sandy Spring Bank increased its stake in shares of Vertiv by 38.2% during the fourth quarter. Sandy Spring Bank now owns 19,037 shares of the company's stock worth $2,163,000 after acquiring an additional 5,264 shares during the period. Royal London Asset Management Ltd. raised its holdings in Vertiv by 25.4% during the fourth quarter. Royal London Asset Management Ltd. now owns 152,843 shares of the company's stock worth $17,364,000 after purchasing an additional 30,911 shares in the last quarter. Finally, GM Advisory Group LLC purchased a new stake in Vertiv in the 4th quarter valued at approximately $308,000. Hedge funds and other institutional investors own 89.92% of the company's stock.

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Analyst Ratings Changes

VRT has been the subject of a number of analyst reports. Fox Advisors started coverage on Vertiv in a research note on Monday, January 6th. They set an "equal weight" rating for the company. Evercore ISI cut their price objective on Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a research report on Friday, January 17th. Melius lowered shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 target price on the stock. in a research report on Tuesday, January 28th. Melius Research reaffirmed a "hold" rating and set a $125.00 price target on shares of Vertiv in a research note on Tuesday, January 28th. Finally, Citigroup raised their price objective on shares of Vertiv from $141.00 to $155.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $136.07.

Vertiv Price Performance

NYSE:VRT traded up $5.15 during trading hours on Monday, reaching $93.78. 6,216,503 shares of the company traded hands, compared to its average volume of 8,523,393. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The firm's 50-day moving average is $107.46 and its 200-day moving average is $111.41. The stock has a market cap of $35.71 billion, a P/E ratio of 73.27, a P/E/G ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a 1-year low of $62.40 and a 1-year high of $155.84.

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, beating 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 quarter last year, the company earned $0.56 EPS. Equities research analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The company 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 $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date of this dividend is Tuesday, March 18th. Vertiv's dividend payout ratio 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.