Mitsubishi UFJ Asset Management Co. Ltd. Boosts Holdings in Vertiv Holdings Co (NYSE:VRT)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 1.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 305,444 shares of the company’s stock after buying an additional 3,975 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Vertiv were worth $38,385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Jennison Associates LLC grew its holdings in shares of 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. Wellington Management Group LLP grew its stake in Vertiv by 271.0% in the third quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock worth $389,548,000 after purchasing an additional 2,860,181 shares during the period. Vanguard Group Inc. raised its holdings in Vertiv by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company’s stock worth $4,130,415,000 after purchasing an additional 1,244,780 shares in the last quarter. Whale Rock Capital Management LLC purchased a new position in Vertiv during the third quarter valued at $110,517,000. Finally, Nordea Investment Management AB boosted 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 valued at $110,544,000 after buying an additional 936,698 shares in the last quarter. 89.92% of the stock is owned by institutional investors.

Vertiv Price Performance

Shares of VRT opened at $74.32 on Friday. The firm has a fifty day simple moving average of $102.74 and a two-hundred day simple moving average of $111.48. The firm has a market cap of $28.30 billion, a PE ratio of 58.06, a P/E/G ratio of 1.07 and a beta of 1.71. 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 1-year low of $62.40 and a 1-year high of $155.84.

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

Vertiv Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were given a dividend of $0.0375 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.20%. Vertiv’s dividend payout ratio (DPR) is 11.72%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on VRT. 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 for the company. Morgan Stanley started coverage on Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 price target on the stock. Citigroup lifted their price objective on Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Barclays cut their target price on Vertiv from $111.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, Melius lowered Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a research report on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $135.33.

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.