Price T Rowe Associates Inc. MD Purchases 77,859 Shares of Vertiv Holdings Co (NYSE:VRT)

Price T Rowe Associates Inc. MD grew its position in shares of Vertiv Holdings Co (NYSE:VRT) by 3.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,112,929 shares of the company’s stock after buying an additional 77,859 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Vertiv were worth $240,051,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of VRT. SOA Wealth Advisors LLC. bought a new stake in Vertiv during the 4th quarter worth approximately $26,000. OLD Second National Bank of Aurora acquired a new position in Vertiv in the fourth quarter worth $30,000. Tradewinds Capital Management LLC grew its holdings in shares of Vertiv by 61.3% during the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after purchasing an additional 111 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Vertiv in the fourth quarter valued at $34,000. Finally, Pittenger & Anderson Inc. raised its holdings in shares of Vertiv by 92.0% in the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company’s stock valued at $36,000 after buying an additional 150 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Stock Up 3.8 %

Vertiv stock opened at $87.06 on Friday. Vertiv Holdings Co has a fifty-two week low of $53.60 and a fifty-two week high of $155.84. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The firm has a market capitalization of $33.15 billion, a price-to-earnings ratio of 68.02, a PEG ratio of 1.07 and a beta of 1.71. The company’s 50 day simple moving average is $81.05 and its 200 day simple moving average is $107.57.

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

Vertiv Dividend Announcement

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

Analyst Ratings Changes

VRT has been the topic of a number of research analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Vertiv from $132.00 to $100.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Citigroup decreased their price target on shares of Vertiv from $153.00 to $98.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. The Goldman Sachs Group reduced their price objective on Vertiv from $135.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Fox Advisors assumed coverage on Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating for the company. Finally, Roth Capital raised Vertiv to a “strong-buy” rating in a research note on Monday, April 7th. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $120.38.

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.