Clearbridge Investments LLC Increases Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Clearbridge Investments LLC grew its position in shares of Vertiv Holdings Co (NYSE:VRT) by 4.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,647,326 shares of the company’s stock after purchasing an additional 167,061 shares during the period. Clearbridge Investments LLC’s holdings in Vertiv were worth $414,373,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Fifth Third Bancorp raised its holdings in shares of Vertiv by 8.1% in the 4th quarter. Fifth Third Bancorp now owns 1,126 shares of the company’s stock worth $128,000 after purchasing an additional 84 shares during the period. Prestige Wealth Management Group LLC grew its stake in shares of Vertiv by 2.4% during the fourth quarter. Prestige Wealth Management Group LLC now owns 3,695 shares of the company’s stock valued at $420,000 after acquiring an additional 85 shares in the last quarter. Accurate Wealth Management LLC boosted its stake in Vertiv by 4.1% during the 4th quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company’s stock valued at $254,000 after acquiring an additional 87 shares during the last quarter. Horizon Investment Services LLC lifted its position in shares of Vertiv by 4.1% in the 4th quarter. Horizon Investment Services LLC now owns 2,410 shares of the company’s stock worth $274,000 after buying an additional 95 shares during the last quarter. Finally, Tradewinds Capital Management LLC lifted its position in Vertiv by 61.3% in the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after purchasing an additional 111 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Price Performance

Shares of VRT stock opened at $74.32 on Friday. Vertiv Holdings Co has a twelve month low of $62.40 and a twelve month high of $155.84. The company has a market cap of $28.30 billion, a P/E ratio of 58.06, a P/E/G ratio of 1.07 and a beta of 1.71. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The business has a fifty day simple moving average of $102.74 and a 200 day simple moving average of $111.48.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping the consensus estimate 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 in the prior year, the firm posted $0.56 EPS. On average, sell-side analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date was Tuesday, March 18th. Vertiv’s dividend payout ratio is currently 11.72%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Melius Research reiterated a “hold” rating and set a $125.00 price target on shares of Vertiv in a research report on Tuesday, January 28th. Fox Advisors assumed coverage on shares of Vertiv in a research note on Monday, January 6th. They set an “equal weight” rating for the company. Morgan Stanley assumed coverage on Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 target price for the company. Evercore ISI decreased their price objective on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Finally, Barclays reduced their target price on shares of Vertiv from $111.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $135.33.

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.