Mirova Purchases New Stake in Vertiv Holdings Co (NYSE:VRT)

Mirova bought a new stake in shares of Vertiv Holdings Co (NYSE:VRT) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,928 shares of the company’s stock, valued at approximately $333,000.

Several other hedge funds also recently modified their holdings of the business. Barclays PLC lifted its holdings in Vertiv by 51.4% in the third quarter. Barclays PLC now owns 431,586 shares of the company’s stock valued at $42,940,000 after buying an additional 146,463 shares during the period. World Investment Advisors LLC bought a new position in shares of Vertiv in the 3rd quarter worth $1,230,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Vertiv during the third quarter worth $584,000. Blankinship & Foster LLC acquired a new stake in shares of Vertiv during the third quarter worth $8,798,000. Finally, B. Riley Wealth Advisors Inc. lifted its stake in Vertiv by 18.6% in the third quarter. B. Riley Wealth Advisors Inc. now owns 6,502 shares of the company’s stock valued at $660,000 after buying an additional 1,021 shares during the period. Institutional investors own 89.92% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Melius Research reaffirmed a “hold” rating and issued a $125.00 price target on shares of Vertiv in a research note on Tuesday, January 28th. Royal Bank of Canada started coverage on shares of Vertiv in a report on Friday, March 7th. They issued an “outperform” rating and a $121.00 target price on the stock. Melius lowered shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a report on Tuesday, January 28th. Roth Capital raised Vertiv to a “strong-buy” rating in a research note on Monday, April 7th. Finally, The Goldman Sachs Group decreased their target price on Vertiv from $135.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.94.

Vertiv Price Performance

Shares of VRT opened at $73.24 on Friday. The company has a 50 day moving average of $84.24 and a 200-day moving average of $108.55. 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 stock has a market capitalization of $27.89 billion, a P/E ratio of 57.22, a P/E/G ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a twelve month low of $53.60 and a twelve month high of $155.84.

Vertiv (NYSE:VRT) last released its earnings results 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 net margin of 6.19% and a return on equity of 61.41%. During the same period in the prior year, the company earned $0.56 earnings per share. As a group, equities research analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were given a dividend of $0.0375 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.20%. Vertiv’s dividend payout ratio (DPR) is presently 11.72%.

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.