Resona Asset Management Co. Ltd. Makes New $11.40 Million Investment in Vertiv Holdings Co (NYSE:VRT)

Resona Asset Management Co. Ltd. acquired a new stake in Vertiv Holdings Co (NYSE:VRT) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 100,186 shares of the company’s stock, valued at approximately $11,400,000.

A number of other large investors have also made changes to their positions in VRT. The Manufacturers Life Insurance Company boosted its stake in shares of Vertiv by 25.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 38,306 shares of the company’s stock worth $3,811,000 after purchasing an additional 7,783 shares during the last quarter. Benjamin Edwards Inc. grew its stake in Vertiv by 531.7% in the 3rd quarter. Benjamin Edwards Inc. now owns 2,110 shares of the company’s stock worth $210,000 after acquiring an additional 1,776 shares during the period. HighTower Advisors LLC grew its stake in Vertiv by 19.2% in the 3rd quarter. HighTower Advisors LLC now owns 40,708 shares of the company’s stock worth $3,999,000 after acquiring an additional 6,564 shares during the period. Integrated Wealth Concepts LLC raised its holdings in Vertiv by 50.8% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 7,714 shares of the company’s stock valued at $767,000 after acquiring an additional 2,598 shares during the last quarter. Finally, Royal London Asset Management Ltd. acquired a new stake in shares of Vertiv during the third quarter worth $12,131,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Trading Down 11.9 %

NYSE:VRT opened at $59.42 on Monday. Vertiv Holdings Co has a 12 month low of $51.42 and a 12 month high of $155.84. The business’s 50-day moving average is $95.23 and its two-hundred day moving average is $111.10. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The firm has a market capitalization of $22.63 billion, a PE ratio of 46.43, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating 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 quarter in the prior year, the company posted $0.56 EPS. Research analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

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

Analyst Ratings Changes

Several equities analysts recently commented on the company. Melius Research reiterated a “hold” rating and issued a $125.00 target price on shares of Vertiv in a research note on Tuesday, January 28th. Fox Advisors initiated coverage on shares of Vertiv in a report on Monday, January 6th. They set an “equal weight” rating on the stock. Royal Bank of Canada started coverage on shares of Vertiv in a report on Friday, March 7th. They issued an “outperform” rating and a $121.00 target price for the company. Melius downgraded shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research note 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 for the company in a research note on Friday, January 17th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $134.67.

Vertiv 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.