Mercer Global Advisors Inc. ADV Lowers Holdings in Vertiv Holdings Co (NYSE:VRT)

Mercer Global Advisors Inc. ADV trimmed its position in shares of Vertiv Holdings Co (NYSE:VRT) by 5.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 14,704 shares of the company’s stock after selling 907 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Vertiv were worth $1,671,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Massachusetts Financial Services Co. MA purchased a new position in Vertiv in the 4th quarter worth approximately $597,379,000. Norges Bank bought a new position in shares of Vertiv during the fourth quarter valued at $391,777,000. Jennison Associates LLC boosted its position in shares of Vertiv by 68.6% during the fourth quarter. Jennison Associates LLC now owns 7,754,347 shares of the company’s stock valued at $880,971,000 after buying an additional 3,153,932 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Vertiv by 136.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company’s stock worth $379,101,000 after buying an additional 1,928,275 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Vertiv by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company’s stock worth $4,130,415,000 after buying an additional 1,244,780 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Morgan Stanley decreased their price objective on shares of Vertiv from $140.00 to $125.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Citigroup dropped their price target on Vertiv from $153.00 to $98.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Cowen reiterated a “buy” rating on shares of Vertiv in a research report on Thursday, April 24th. Melius cut Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a research report on Tuesday, January 28th. Finally, Evercore ISI lowered their price objective on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Vertiv currently has a consensus rating of “Moderate Buy” and a consensus target price of $120.38.

Vertiv Trading Up 0.2 %

Shares of Vertiv stock opened at $95.72 on Friday. 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 $36.48 billion, a price-to-earnings ratio of 74.78, a PEG ratio of 1.07 and a beta of 1.70. Vertiv Holdings Co has a twelve month low of $53.60 and a twelve month high of $155.84. The business has a 50-day moving average price of $80.31 and a 200-day moving average price of $106.38.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.02. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The business had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the prior year, the firm earned $0.43 EPS. The company’s revenue for the quarter was up 24.2% on a year-over-year basis. Equities research analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

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 0.16%. The ex-dividend date was Tuesday, March 18th. Vertiv’s payout ratio is 8.72%.

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.