Vertiv Holdings Co (NYSE:VRT) Shares Acquired by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. boosted its position in Vertiv Holdings Co (NYSE:VRT) by 8.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 303,717 shares of the company’s stock after acquiring an additional 22,733 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.08% of Vertiv worth $34,505,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp raised its holdings in shares of Vertiv by 8.1% in the 4th quarter. Fifth Third Bancorp now owns 1,126 shares of the company’s stock worth $128,000 after purchasing an additional 84 shares during the period. Prestige Wealth Management Group LLC raised its holdings in Vertiv by 2.4% in the fourth quarter. Prestige Wealth Management Group LLC now owns 3,695 shares of the company’s stock valued at $420,000 after buying an additional 85 shares during the period. Accurate Wealth Management LLC raised its holdings in Vertiv by 4.1% in the fourth quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company’s stock valued at $254,000 after buying an additional 87 shares during the period. Tradewinds Capital Management LLC lifted its position in 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 in the last quarter. Finally, Bouvel Investment Partners LLC grew its stake in Vertiv by 1.1% during the fourth quarter. Bouvel Investment Partners LLC now owns 11,097 shares of the company’s stock worth $1,261,000 after buying an additional 117 shares during the period. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on VRT. Royal Bank of Canada assumed coverage on shares of Vertiv in a report on Friday, March 7th. They set an “outperform” rating and a $121.00 target price on the stock. Citigroup boosted their price objective on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Morgan Stanley began coverage on Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 target price for the company. Fox Advisors assumed coverage on Vertiv in a report on Monday, January 6th. They set an “equal weight” rating on the stock. Finally, Barclays decreased their price target on Vertiv from $111.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.33.

Vertiv Trading Down 2.6 %

VRT opened at $74.32 on Friday. The stock has a market capitalization of $28.30 billion, a PE ratio of 58.06, a P/E/G ratio of 1.07 and a beta of 1.71. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. Vertiv Holdings Co has a 12-month low of $62.40 and a 12-month high of $155.84. The firm’s fifty day moving average price is $102.74 and its 200 day moving average price is $111.23.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping the consensus estimate 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 previous year, the business earned $0.56 EPS. As a group, research analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were issued a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.20%. Vertiv’s dividend payout ratio (DPR) is 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.