Price T Rowe Associates Inc. MD Has $240.05 Million Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Price T Rowe Associates Inc. MD raised its stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 3.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,112,929 shares of the company's stock after acquiring an additional 77,859 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.56% of Vertiv worth $240,051,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA acquired a new stake in shares of Vertiv in the fourth quarter valued at approximately $597,379,000. Norges Bank bought a new position in Vertiv in the fourth quarter valued at about $391,777,000. Jennison Associates LLC boosted its stake in shares of Vertiv by 68.6% in the 4th quarter. Jennison Associates LLC now owns 7,754,347 shares of the company's stock valued at $880,971,000 after purchasing an additional 3,153,932 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Vertiv by 136.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company's stock worth $379,101,000 after buying an additional 1,928,275 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Vertiv by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock worth $4,130,415,000 after buying an additional 1,244,780 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Melius cut shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 target price for the company. in a research report on Tuesday, January 28th. 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 objective for the company. Barclays reduced their target price on Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a report on Friday, April 4th. Fox Advisors began coverage on Vertiv in a research note on Monday, January 6th. They issued an "equal weight" rating for the company. Finally, Citigroup cut their price target on shares of Vertiv from $153.00 to $98.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Vertiv currently has an average rating of "Moderate Buy" and a consensus target price of $120.38.

Vertiv Stock Down 0.9 %

VRT stock traded down $0.82 during trading hours on Monday, reaching $86.13. 8,861,150 shares of the stock were exchanged, compared to its average volume of 8,988,294. The company has a market cap of $32.80 billion, a price-to-earnings ratio of 67.29, a PEG ratio of 1.07 and a beta of 1.71. The firm's 50-day moving average is $81.05 and its 200-day moving average is $107.57. 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 Holdings Co has a 12 month low of $53.60 and a 12 month high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The company's quarterly revenue was up 24.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.43 EPS. On average, equities research analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were paid a dividend of $0.0375 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.17%. Vertiv's dividend payout ratio is presently 8.72%.

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.