KCM Investment Advisors LLC Acquires 15,100 Shares of Vertiv Holdings Co (NYSE:VRT)

KCM Investment Advisors LLC increased its holdings in Vertiv Holdings Co (NYSE:VRT) by 52.6% in the fourth quarter, HoldingsChannel reports. The firm owned 43,830 shares of the company’s stock after purchasing an additional 15,100 shares during the period. KCM Investment Advisors LLC’s holdings in Vertiv were worth $4,980,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of VRT. Vanguard Group Inc. boosted its stake in shares of Vertiv by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company’s stock worth $4,130,415,000 after acquiring an additional 1,244,780 shares in the last quarter. Jennison Associates LLC boosted its position in Vertiv by 68.6% during the fourth quarter. Jennison Associates LLC now owns 7,754,347 shares of the company’s stock worth $880,971,000 after purchasing an additional 3,153,932 shares during the period. State Street Corp grew its holdings in Vertiv by 4.2% during the third quarter. State Street Corp now owns 7,635,081 shares of the company’s stock valued at $759,614,000 after purchasing an additional 308,704 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Vertiv by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company’s stock valued at $688,260,000 after purchasing an additional 99,181 shares during the period. Finally, Massachusetts Financial Services Co. MA acquired a new stake in shares of Vertiv in the fourth quarter worth $597,379,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Price Performance

Shares of Vertiv stock opened at $59.42 on Friday. The firm has a market cap of $22.63 billion, a P/E ratio of 46.43, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The firm’s 50-day simple moving average is $95.23 and its 200-day simple moving average is $110.78. Vertiv Holdings Co has a twelve month low of $55.32 and a twelve month high of $155.84. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share 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 in the prior year, the business earned $0.56 EPS. As a group, research analysts expect 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. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.25%. Vertiv’s payout ratio is presently 11.72%.

Analyst Ratings Changes

A number of research firms recently issued reports on VRT. Morgan Stanley started 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. Melius downgraded Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research report on Tuesday, January 28th. Royal Bank of Canada initiated coverage on Vertiv in a research report on Friday, March 7th. They set an “outperform” rating and a $121.00 price objective for the company. Melius Research reaffirmed a “hold” rating and issued a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. Finally, Fox Advisors initiated coverage on Vertiv in a report on Monday, January 6th. They set an “equal weight” rating for the company. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $134.67.

Vertiv 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.