Edgemoor Investment Advisors Inc. Boosts Stake in Vertiv Holdings Co (NYSE:VRT)

Edgemoor Investment Advisors Inc. grew its stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 14.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,841 shares of the company's stock after purchasing an additional 4,359 shares during the period. Edgemoor Investment Advisors Inc.'s holdings in Vertiv were worth $3,845,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Jennison Associates LLC raised its stake in Vertiv by 68.6% during the 4th 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 period. State Street Corp lifted its holdings in shares of Vertiv by 4.2% in the third 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 position in shares of Vertiv by 7.4% during the third quarter. Geode Capital Management LLC now owns 5,951,784 shares of the company's stock valued at $592,433,000 after buying an additional 408,054 shares during the last quarter. Wellington Management Group LLP grew its holdings in 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 buying an additional 2,860,181 shares in 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 buying an additional 40,696 shares during the last quarter. Institutional investors own 89.92% of the company's stock.

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Vertiv Stock Performance

Vertiv stock traded down $0.10 during mid-day trading on Thursday, reaching $89.07. The company's stock had a trading volume of 5,469,839 shares, compared to its average volume of 8,538,328. The firm's fifty day moving average price is $109.07 and its two-hundred day moving average price is $111.02. 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 12-month low of $62.40 and a 12-month high of $155.84. The company has a market capitalization of $33.92 billion, a P/E ratio of 69.59, a PEG ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share (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 business posted $0.56 EPS. Sell-side analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 18th will be paid a dividend of $0.0375 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.17%. Vertiv's dividend payout ratio is currently 11.72%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on VRT shares. Barclays cut their price objective on shares of Vertiv from $131.00 to $111.00 and set an "equal weight" rating on the stock in a report on Monday, March 3rd. Melius Research reaffirmed a "hold" rating and issued a $125.00 price objective on shares of Vertiv in a research report on Tuesday, January 28th. Fox Advisors began coverage on shares of Vertiv in a research report on Monday, January 6th. They set an "equal weight" rating on the stock. Melius downgraded Vertiv from a "buy" rating to a "hold" rating and set a $125.00 target price on the stock. in a research note on Tuesday, January 28th. Finally, Royal Bank of Canada started coverage on Vertiv in a research report on Friday, March 7th. They set an "outperform" rating and a $121.00 price target for the company. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $136.07.

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.