BNP PARIBAS ASSET MANAGEMENT Holding S.A. Grows Holdings in Vertiv Holdings Co (NYSE:VRT)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Vertiv Holdings Co (NYSE:VRT) by 1,219.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 374,584 shares of the company’s stock after buying an additional 346,200 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.10% of Vertiv worth $32,427,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bogart Wealth LLC purchased a new stake in Vertiv during the 1st quarter valued at about $25,000. Atticus Wealth Management LLC purchased a new stake in Vertiv during the 1st quarter valued at about $27,000. Mather Group LLC. grew its position in Vertiv by 132.5% during the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock valued at $29,000 after purchasing an additional 200 shares during the last quarter. OFI Invest Asset Management bought a new position in Vertiv during the 2nd quarter valued at about $34,000. Finally, Hazlett Burt & Watson Inc. bought a new position in Vertiv during the 1st quarter valued at about $34,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on VRT shares. Bank of America increased their price objective on shares of Vertiv from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, May 15th. Mizuho upgraded shares of Vertiv from a “neutral” rating to an “outperform” rating and lowered their price objective for the stock from $95.00 to $92.00 in a research note on Wednesday, August 7th. Evercore ISI reiterated an “outperform” rating and issued a $105.00 price objective on shares of Vertiv in a research note on Thursday, August 15th. The Goldman Sachs Group reduced their target price on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Finally, TD Cowen increased their target price on shares of Vertiv from $89.00 to $93.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $96.22.

Vertiv Trading Up 3.9 %

Shares of NYSE:VRT traded up $3.09 on Friday, hitting $83.01. 7,099,304 shares of the company’s stock were exchanged, compared to its average volume of 8,648,493. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.36 and a quick ratio of 0.98. The business’s 50 day simple moving average is $82.09 and its two-hundred day simple moving average is $83.28. The stock has a market capitalization of $31.07 billion, a price-to-earnings ratio of 78.13, a price-to-earnings-growth ratio of 0.97 and a beta of 1.58. Vertiv Holdings Co has a 12 month low of $34.60 and a 12 month high of $109.27.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.10. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the company posted $0.46 earnings per share. The firm’s quarterly revenue was up 12.6% on a year-over-year basis. Analysts anticipate that Vertiv Holdings Co will post 2.58 EPS for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Monday, June 17th were paid a dividend of $0.025 per share. The ex-dividend date was Monday, June 17th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.12%. Vertiv’s payout ratio is 9.62%.

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.