MML Investors Services LLC Increases Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

MML Investors Services LLC grew its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 26.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 38,803 shares of the company’s stock after purchasing an additional 8,087 shares during the quarter. MML Investors Services LLC’s holdings in Vertiv were worth $4,408,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Fifth Third Bancorp raised its position in Vertiv by 8.1% in the fourth quarter. Fifth Third Bancorp now owns 1,126 shares of the company’s stock worth $128,000 after acquiring an additional 84 shares during the period. Prestige Wealth Management Group LLC increased its stake in shares of Vertiv by 2.4% in the 4th quarter. Prestige Wealth Management Group LLC now owns 3,695 shares of the company’s stock worth $420,000 after purchasing an additional 85 shares in the last quarter. Accurate Wealth Management LLC raised its holdings in Vertiv by 4.1% in the 4th quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company’s stock worth $254,000 after purchasing an additional 87 shares during the period. Horizon Investment Services LLC lifted its position in Vertiv by 4.1% during the fourth quarter. Horizon Investment Services LLC now owns 2,410 shares of the company’s stock valued at $274,000 after purchasing an additional 95 shares in the last quarter. Finally, Tradewinds Capital Management LLC grew its holdings in Vertiv by 61.3% during the fourth 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 period. Institutional investors own 89.92% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Evercore ISI lowered their price objective on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Cowen reiterated a “buy” rating on shares of Vertiv in a research report on Thursday. Fox Advisors started coverage on shares of Vertiv in a research report on Monday, January 6th. They set an “equal weight” rating on the stock. 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, JPMorgan Chase & Co. decreased their price target on Vertiv from $132.00 to $100.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Vertiv presently has an average rating of “Moderate Buy” and a consensus price target of $120.38.

Vertiv Trading Up 3.8 %

VRT stock opened at $87.06 on Friday. The firm has a market cap of $33.15 billion, a PE ratio of 68.02, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The firm has a fifty day moving average price of $81.05 and a 200 day moving average price of $107.57. 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 Holdings Co has a fifty-two week low of $53.60 and a fifty-two week high of $155.84.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.94 billion. Sell-side analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.17%. The ex-dividend date was Tuesday, March 18th. Vertiv’s payout ratio is 8.72%.

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.