Maryland State Retirement & Pension System Reduces Position in Vertiv Holdings Co (NYSE:VRT)

Maryland State Retirement & Pension System lessened its position in shares of Vertiv Holdings Co (NYSE:VRT) by 6.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,115 shares of the company’s stock after selling 1,407 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Vertiv were worth $2,172,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Silverleafe Capital Partners LLC purchased a new position in Vertiv during the 4th quarter worth approximately $4,219,000. Foundations Investment Advisors LLC increased its holdings in shares of Vertiv by 7.9% in the fourth quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock valued at $21,076,000 after purchasing an additional 13,559 shares during the period. Empowered Funds LLC increased its holdings in shares of Vertiv by 67.0% in the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock valued at $1,043,000 after purchasing an additional 3,682 shares during the period. Gordian Capital Singapore Pte Ltd increased its holdings in shares of Vertiv by 112.5% in the third quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company’s stock valued at $846,000 after purchasing an additional 4,500 shares during the period. Finally, Nordea Investment Management AB increased its holdings in shares of Vertiv by 3,417.9% in the fourth quarter. Nordea Investment Management AB now owns 964,104 shares of the company’s stock valued at $110,544,000 after purchasing an additional 936,698 shares during the period. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on VRT. Citigroup boosted their target price on Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 9th. Barclays dropped their target price on Vertiv from $131.00 to $111.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. Evercore ISI dropped their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Melius lowered Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective on the stock. in a report on Tuesday, January 28th. Finally, Fox Advisors started coverage on Vertiv in a report on Monday, January 6th. They set an “equal weight” rating on the stock. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.07.

Vertiv Stock Down 0.1 %

VRT opened at $89.07 on Friday. The business’s fifty day moving average is $108.26 and its two-hundred day moving average is $110.87. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The company has a market cap of $33.92 billion, a price-to-earnings ratio of 69.59, a PEG ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a one year low of $62.40 and a one year high of $155.84.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the business earned $0.56 EPS. Analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be given a $0.0375 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.17%. Vertiv’s dividend payout ratio is currently 11.72%.

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.