Glass Jacobson Investment Advisors llc Has $242,000 Holdings in Vertiv Holdings Co (NYSE:VRT)

Glass Jacobson Investment Advisors llc lessened its holdings in Vertiv Holdings Co (NYSE:VRT) by 9.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,132 shares of the company’s stock after selling 229 shares during the period. Glass Jacobson Investment Advisors llc’s holdings in Vertiv were worth $242,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of Vertiv by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company’s stock valued at $4,130,415,000 after acquiring an additional 1,244,780 shares during the last quarter. Jennison Associates LLC increased its holdings in Vertiv by 68.6% in the 4th quarter. Jennison Associates LLC now owns 7,754,347 shares of the company’s stock worth $880,971,000 after purchasing an additional 3,153,932 shares in the last quarter. Geode Capital Management LLC raised its position in Vertiv by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company’s stock valued at $688,260,000 after purchasing an additional 99,181 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in shares of Vertiv during the fourth quarter valued at about $597,379,000. Finally, Wellington Management Group LLP grew its holdings in shares of Vertiv by 25.3% during the fourth quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company’s stock worth $557,349,000 after purchasing an additional 990,361 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Stock Up 2.4 %

Vertiv stock opened at $69.39 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $26.42 billion, a PE ratio of 54.21, a PEG ratio of 1.07 and a beta of 1.71. The firm’s fifty day moving average is $89.17 and its 200 day moving average is $109.50. Vertiv Holdings Co has a 12-month low of $53.60 and a 12-month high of $155.84.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, beating 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 last year, the company earned $0.56 EPS. As a group, sell-side analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were issued a dividend of $0.0375 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.22%. Vertiv’s dividend payout ratio is 11.72%.

Analysts Set New Price Targets

VRT has been the topic of several recent research reports. Barclays cut their target price 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, April 4th. The Goldman Sachs Group reduced their price objective on shares of Vertiv from $135.00 to $85.00 and set a “buy” rating on the stock in a research note on Thursday. Fox Advisors began coverage on Vertiv in a research report on Monday, January 6th. They set an “equal weight” rating for the company. JPMorgan Chase & Co. decreased their price target on Vertiv from $132.00 to $100.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, Roth Mkm started coverage on Vertiv in a research report on Tuesday. They set a “buy” rating and a $75.00 price objective for the company. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $125.50.

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.