Prudential Financial Inc. Raises Holdings in Vertiv Holdings Co (NYSE:VRT)

Prudential Financial Inc. boosted its stake in Vertiv Holdings Co (NYSE:VRT) by 11.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 581,871 shares of the company’s stock after buying an additional 58,101 shares during the quarter. Prudential Financial Inc.’s holdings in Vertiv were worth $66,106,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. SOA Wealth Advisors LLC. acquired a new stake in shares of Vertiv during the fourth quarter valued at $26,000. Mark Sheptoff Financial Planning LLC lifted its holdings in Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after purchasing an additional 200 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Vertiv during the 3rd quarter worth about $30,000. OLD Second National Bank of Aurora purchased a new stake in shares of Vertiv during the fourth quarter worth about $30,000. Finally, Tradewinds Capital Management LLC lifted its stake in shares of 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 buying an additional 111 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Royal Bank of Canada started coverage on shares of Vertiv in a research note on Friday, March 7th. They issued an “outperform” rating and a $121.00 target price for the company. Melius lowered Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a research note on Tuesday, January 28th. Fox Advisors assumed coverage on Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating on the stock. Barclays dropped their price objective on shares of Vertiv from $131.00 to $111.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. Finally, Citigroup raised their target price on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Vertiv presently has an average rating of “Moderate Buy” and an average price target of $136.07.

Vertiv Stock Performance

NYSE:VRT opened at $93.78 on Tuesday. Vertiv Holdings Co has a twelve month low of $62.40 and a twelve month high of $155.84. The firm has a market capitalization of $35.71 billion, a price-to-earnings ratio of 73.27, a PEG ratio of 1.07 and a beta of 1.71. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The firm’s fifty day simple moving average is $106.85 and its 200 day simple moving average is $111.55.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.15. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. During the same period in the prior year, the business earned $0.56 earnings per share. As a group, equities research analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.0375 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.16%. Vertiv’s dividend payout ratio is currently 11.72%.

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.