Federated Hermes Inc. Boosts Position in Vertiv Holdings Co (NYSE:VRT)

Federated Hermes Inc. raised its position in Vertiv Holdings Co (NYSE:VRT) by 61.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,874,256 shares of the company’s stock after purchasing an additional 715,212 shares during the period. Federated Hermes Inc. owned 0.50% of Vertiv worth $212,946,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in VRT. Massachusetts Financial Services Co. MA purchased a new stake in shares of Vertiv in the 4th quarter valued at about $597,379,000. Norges Bank bought a new position in shares of Vertiv in the fourth quarter worth approximately $391,777,000. Jennison Associates LLC raised its stake in Vertiv by 68.6% in the fourth quarter. Jennison Associates LLC now owns 7,754,347 shares of the company’s stock valued at $880,971,000 after purchasing an additional 3,153,932 shares in the last quarter. Wellington Management Group LLP lifted its position in Vertiv by 271.0% during the third quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock valued at $389,548,000 after purchasing an additional 2,860,181 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake 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. Institutional investors own 89.92% of the company’s stock.

Vertiv Trading Down 11.9 %

Shares of VRT opened at $59.42 on Friday. The firm has a fifty day simple moving average of $95.23 and a two-hundred day simple moving average of $110.94. Vertiv Holdings Co has a twelve month low of $55.32 and a twelve month high of $155.84. The stock has a market capitalization of $22.63 billion, a P/E ratio of 46.43, a PEG ratio of 1.07 and a beta of 1.71. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) 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 previous year, the firm earned $0.56 EPS. On average, research analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.25%. The ex-dividend date was Tuesday, March 18th. Vertiv’s dividend payout ratio (DPR) is currently 11.72%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Barclays lowered their price objective on shares of Vertiv from $100.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Friday. Evercore ISI cut their price objective on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Melius Research reiterated a “hold” rating and set a $125.00 price objective on shares of Vertiv in a research report on Tuesday, January 28th. Melius downgraded Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a research report on Tuesday, January 28th. Finally, Royal Bank of Canada began coverage on shares of Vertiv in a research report on Friday, March 7th. They set an “outperform” rating and a $121.00 price target on the stock. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $134.67.

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.