Glynn Capital Management LLC Invests $13.47 Million in Vertiv Holdings Co (NYSE:VRT)

Glynn Capital Management LLC acquired a new position in Vertiv Holdings Co (NYSE:VRT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 118,554 shares of the company’s stock, valued at approximately $13,469,000. Vertiv comprises about 3.2% of Glynn Capital Management LLC’s portfolio, making the stock its 15th biggest position.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jennison Associates LLC lifted its stake in shares of Vertiv by 10,825.0% during the 3rd quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock valued at $457,695,000 after buying an additional 4,558,306 shares in the last quarter. Wellington Management Group LLP raised its holdings in Vertiv by 271.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock valued at $389,548,000 after acquiring an additional 2,860,181 shares during the period. Castle Hook Partners LP lifted its position in shares of Vertiv by 215.6% during the third quarter. Castle Hook Partners LP now owns 1,864,426 shares of the company’s stock worth $185,492,000 after acquiring an additional 1,273,746 shares in the last quarter. Whale Rock Capital Management LLC purchased a new stake in shares of Vertiv during the third quarter worth $110,517,000. Finally, Blue Whale Capital LLP bought a new position in shares of Vertiv in the third quarter worth $93,481,000. 89.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

VRT has been the topic of a number of recent research reports. Melius Research reissued a “hold” rating and set a $125.00 price objective on shares of Vertiv in a report on Tuesday, January 28th. Oppenheimer upped their price target on Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. The Goldman Sachs Group raised their price objective on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Mizuho upped their target price on shares of Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Finally, Morgan Stanley began coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 target price on the stock. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $136.07.

Vertiv Stock Down 5.0 %

Shares of VRT opened at $84.65 on Wednesday. The firm has a market cap of $32.23 billion, a P/E ratio of 66.13, 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. The stock has a 50 day simple moving average of $109.87 and a two-hundred day simple moving average of $111.18. 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) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.15. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. During the same period in the prior year, the firm earned $0.56 earnings per share. On average, analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 18th will be issued a dividend of $0.0375 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a yield of 0.18%. Vertiv’s dividend payout ratio is currently 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.