Russell Investments Group Ltd. Has $13.70 Million Holdings in Vertiv Holdings Co (NYSE:VRT)

Russell Investments Group Ltd. trimmed its holdings in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 55.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 120,540 shares of the company's stock after selling 147,927 shares during the period. Russell Investments Group Ltd.'s holdings in Vertiv were worth $13,695,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Old West Investment Management LLC increased its position in shares of Vertiv by 15.1% during the 4th quarter. Old West Investment Management LLC now owns 32,665 shares of the company's stock valued at $3,711,000 after purchasing an additional 4,293 shares during the period. Wedbush Securities Inc. boosted its stake in Vertiv by 94.4% during the fourth quarter. Wedbush Securities Inc. now owns 21,403 shares of the company's stock valued at $2,432,000 after buying an additional 10,391 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Vertiv by 7.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 465,535 shares of the company's stock worth $52,889,000 after acquiring an additional 32,086 shares in the last quarter. Sit Investment Associates Inc. raised its position in Vertiv by 2.1% in the fourth quarter. Sit Investment Associates Inc. now owns 45,900 shares of the company's stock worth $5,215,000 after acquiring an additional 948 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Vertiv in the 4th quarter valued at about $718,000. 89.92% of the stock is currently owned by institutional investors.

Remove Ads

Analysts Set New Price Targets

A number of research firms recently commented on VRT. Roth Capital upgraded shares of Vertiv to a "strong-buy" rating in a report on Monday, April 7th. Royal Bank of Canada began coverage on Vertiv in a report on Friday, March 7th. They issued an "outperform" rating and a $121.00 price target on the stock. The Goldman Sachs Group reduced their price objective on Vertiv from $135.00 to $85.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Evercore ISI decreased their target price on Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a report on Friday, January 17th. Finally, JPMorgan Chase & Co. reduced their target price on Vertiv from $132.00 to $100.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Vertiv has an average rating of "Moderate Buy" and a consensus price target of $121.94.

Vertiv Stock Up 1.8 %

Shares of VRT stock traded up $1.31 on Tuesday, hitting $72.88. The company's stock had a trading volume of 1,468,639 shares, compared to its average volume of 8,987,607. The stock has a market capitalization of $27.75 billion, a price-to-earnings ratio of 56.95, a P/E/G ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a fifty-two week low of $53.60 and a fifty-two week high of $155.84. The firm's fifty day moving average price is $88.22 and its 200-day moving average price is $109.37. 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 issued 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 business posted $0.56 EPS. Research analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were issued a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.21%. 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.