Vertiv Holdings Co (NYSE:VRT) is Zuckerman Investment Group LLC’s Largest Position

Zuckerman Investment Group LLC trimmed its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 14.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 702,450 shares of the company’s stock after selling 117,091 shares during the quarter. Vertiv accounts for 7.8% of Zuckerman Investment Group LLC’s holdings, making the stock its largest holding. Zuckerman Investment Group LLC owned about 0.19% of Vertiv worth $79,096,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Massachusetts Financial Services Co. MA purchased a new stake in Vertiv during the fourth quarter worth about $597,379,000. Norges Bank bought a new position in shares of Vertiv during the fourth quarter valued at approximately $391,777,000. Jennison Associates LLC boosted its position in Vertiv by 68.6% during the 4th quarter. Jennison Associates LLC now owns 7,754,347 shares of the company’s stock worth $880,971,000 after acquiring an additional 3,153,932 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Vertiv by 136.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company’s stock worth $379,101,000 after acquiring an additional 1,928,275 shares during the period. Finally, Vanguard Group Inc. lifted its stake in Vertiv by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company’s stock valued at $4,130,415,000 after buying an additional 1,244,780 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Royal Bank of Canada initiated coverage on Vertiv in a research note on Friday, March 7th. They set an “outperform” rating and a $121.00 target price for the company. Fox Advisors initiated coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating for the company. Evercore ISI dropped their price target on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Melius Research reissued a “hold” rating and issued a $125.00 price target on shares of Vertiv in a research note on Tuesday, January 28th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Vertiv from $132.00 to $100.00 and set an “overweight” rating on the stock in a report on Tuesday. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $128.94.

Vertiv Stock Performance

Shares of VRT opened at $72.63 on Thursday. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. Vertiv Holdings Co has a 12 month low of $53.60 and a 12 month high of $155.84. The stock has a fifty day moving average price of $90.90 and a 200-day moving average price of $109.92. The firm has a market cap of $27.65 billion, a PE ratio of 56.74, a P/E/G ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates 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 period last year, the firm posted $0.56 EPS. Equities research analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were paid a $0.0375 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.21%. Vertiv’s dividend payout ratio is presently 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.