Legal & General Group Plc Sells 235,954 Shares of Vertiv Holdings Co (NYSE:VRT)

Legal & General Group Plc reduced its position in shares of Vertiv Holdings Co (NYSE:VRT) by 12.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,665,040 shares of the company’s stock after selling 235,954 shares during the period. Legal & General Group Plc’s holdings in Vertiv were worth $189,165,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Silverleafe Capital Partners LLC acquired a new stake in shares of Vertiv during the 4th quarter worth approximately $4,219,000. Foundations Investment Advisors LLC grew its position in shares of Vertiv by 7.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock worth $21,076,000 after buying an additional 13,559 shares during the period. Empowered Funds LLC grew its position in shares of Vertiv by 67.0% during the 4th quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock worth $1,043,000 after buying an additional 3,682 shares during the period. Nordea Investment Management AB grew its position in shares of Vertiv by 3,417.9% during the 4th quarter. Nordea Investment Management AB now owns 964,104 shares of the company’s stock worth $110,544,000 after buying an additional 936,698 shares during the period. Finally, Register Financial Advisors LLC acquired a new stake in shares of Vertiv during the 4th quarter worth approximately $217,000. 89.92% of the stock is owned by institutional investors.

Vertiv Stock Performance

Shares of VRT stock opened at $72.63 on Thursday. The company’s fifty day simple moving average is $90.90 and its 200-day simple moving average is $109.92. 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 firm has a market cap of $27.65 billion, a PE ratio of 56.74, a P/E/G ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a 12 month low of $53.60 and a 12 month high of $155.84.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping 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 quarter in the prior year, the business earned $0.56 EPS. Equities research analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were paid a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.21%. Vertiv’s dividend payout ratio (DPR) is presently 11.72%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on VRT shares. Barclays lowered their price target on shares of Vertiv from $100.00 to $90.00 and set an “equal weight” rating for the company in a research report on Friday, April 4th. Melius lowered shares of 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. Morgan Stanley began coverage on shares of Vertiv in a research note on Monday, January 6th. They set an “overweight” rating and a $150.00 price objective on the stock. Roth Mkm began coverage on shares of Vertiv in a research note on Tuesday. They set a “buy” rating and a $75.00 price objective on the stock. Finally, Roth Capital raised shares of Vertiv to a “strong-buy” rating in a research note on Monday. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $128.94.

About Vertiv

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.