Royal London Asset Management Ltd. Grows Stake in Vertiv Holdings Co (NYSE:VRT)

Royal London Asset Management Ltd. grew its position in shares of Vertiv Holdings Co (NYSE:VRT) by 25.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,843 shares of the company’s stock after purchasing an additional 30,911 shares during the period. Royal London Asset Management Ltd.’s holdings in Vertiv were worth $17,364,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SOA Wealth Advisors LLC. purchased a new position in Vertiv in the fourth quarter worth $26,000. Mark Sheptoff Financial Planning LLC grew its position in Vertiv by 200.0% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after acquiring an additional 200 shares in the last quarter. Brooklyn Investment Group purchased a new position in Vertiv in the third quarter worth $30,000. OLD Second National Bank of Aurora purchased a new position in Vertiv in the fourth quarter worth $30,000. Finally, Tradewinds Capital Management LLC grew its position in Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after acquiring an additional 111 shares in the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Vertiv Stock Performance

Vertiv stock opened at $88.58 on Friday. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The firm has a 50-day moving average of $107.46 and a 200-day moving average of $110.91. The firm has a market cap of $33.73 billion, a P/E ratio of 69.20, 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.

Vertiv (NYSE:VRT) last issued its quarterly earnings data 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 net margin of 6.19% and a return on equity of 61.41%. During the same period last year, the firm earned $0.56 earnings per share. Sell-side analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th will be issued a $0.0375 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.17%. Vertiv’s dividend payout ratio (DPR) is presently 11.72%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Barclays cut their target price on shares of Vertiv from $131.00 to $111.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Morgan Stanley started coverage on Vertiv in a research note on Monday, January 6th. They set an “overweight” rating and a $150.00 price objective on the stock. Royal Bank of Canada started coverage on Vertiv in a research note on Friday, March 7th. They set an “outperform” rating and a $121.00 price objective on the stock. Fox Advisors started coverage on Vertiv in a research note on Monday, January 6th. They set an “equal weight” rating on the stock. Finally, Melius cut Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective on the stock. in a research note on Tuesday, January 28th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $136.07.

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.