Fuller & Thaler Asset Management Inc. Trims Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Fuller & Thaler Asset Management Inc. lessened its position in Vertiv Holdings Co (NYSE:VRT) by 16.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,107,653 shares of the company’s stock after selling 225,497 shares during the period. Fuller & Thaler Asset Management Inc.’s holdings in Vertiv were worth $125,840,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Silverleafe Capital Partners LLC purchased a new position in shares of Vertiv during the 4th quarter worth about $4,219,000. Foundations Investment Advisors LLC raised its holdings in shares of Vertiv by 7.9% in the 4th quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock worth $21,076,000 after purchasing an additional 13,559 shares during the period. Empowered Funds LLC lifted its stake in shares of Vertiv by 67.0% in the 4th quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock valued at $1,043,000 after purchasing an additional 3,682 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Vertiv by 3,417.9% during the 4th quarter. Nordea Investment Management AB now owns 964,104 shares of the company’s stock worth $110,544,000 after purchasing an additional 936,698 shares during the period. Finally, Register Financial Advisors LLC acquired a new stake in Vertiv during the 4th quarter worth approximately $217,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on VRT shares. Melius Research reiterated a “hold” rating and set a $125.00 price objective on shares of Vertiv in a research note on Tuesday, January 28th. Melius downgraded Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a report on Tuesday, January 28th. Barclays decreased their target price on Vertiv from $100.00 to $90.00 and set an “equal weight” rating for the company in a research report on Friday, April 4th. Roth Capital upgraded Vertiv to a “strong-buy” rating in a report on Monday, April 7th. Finally, Evercore ISI reduced their price target on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $121.94.

Vertiv Price Performance

VRT opened at $71.83 on Wednesday. The firm has a market cap of $27.35 billion, a price-to-earnings ratio of 56.12, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a fifty-two week low of $53.60 and a fifty-two week high of $155.84. 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’s 50-day moving average price is $82.61 and its 200 day moving average price is $108.08.

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

Vertiv Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders 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 dividend yield of 0.21%. Vertiv’s payout ratio is 11.72%.

About Vertiv

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.