Tocqueville Asset Management L.P. Has $24.97 Million Holdings in Vertiv Holdings Co (NYSE:VRT)

Tocqueville Asset Management L.P. increased its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 219,745 shares of the company’s stock after acquiring an additional 1,935 shares during the period. Tocqueville Asset Management L.P. owned about 0.06% of Vertiv worth $24,965,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Fifth Third Bancorp raised its stake in shares of Vertiv by 8.1% in the 4th quarter. Fifth Third Bancorp now owns 1,126 shares of the company’s stock valued at $128,000 after purchasing an additional 84 shares during the period. Accurate Wealth Management LLC grew its holdings in shares of Vertiv by 4.1% during the fourth quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company’s stock worth $254,000 after buying an additional 87 shares in the last quarter. Tradewinds Capital Management LLC raised its position in Vertiv by 61.3% in the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after buying an additional 111 shares during the last quarter. Bouvel Investment Partners LLC lifted its stake in Vertiv by 1.1% in the 4th quarter. Bouvel Investment Partners LLC now owns 11,097 shares of the company’s stock valued at $1,261,000 after acquiring an additional 117 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in Vertiv by 16.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 837 shares of the company’s stock worth $95,000 after acquiring an additional 121 shares during the last quarter. 89.92% of the stock is owned by institutional investors.

Vertiv Price Performance

NYSE:VRT opened at $89.01 on Tuesday. The company has a market cap of $33.89 billion, a P/E ratio of 69.54, a P/E/G ratio of 1.07 and a beta of 1.71. The firm’s fifty day moving average price is $110.79 and its two-hundred day moving average price is $111.17. Vertiv Holdings Co has a one year low of $62.40 and a one year high of $155.84. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02.

Vertiv (NYSE:VRT) last announced its quarterly earnings results 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 net margin of 6.19% and a return on equity of 61.41%. During the same period last year, the company posted $0.56 EPS. Equities analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 18th will be paid a $0.0375 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.17%. Vertiv’s dividend payout ratio (DPR) is presently 11.72%.

Analyst Ratings Changes

VRT has been the topic of a number of research reports. Royal Bank of Canada began coverage on shares of Vertiv in a research report on Friday, March 7th. They issued an “outperform” rating and a $121.00 price objective on the stock. Barclays cut their price target on shares of Vertiv from $131.00 to $111.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. Evercore ISI reduced 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. The Goldman Sachs Group lifted their target price on Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Finally, TD Cowen increased their price target on Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $136.07.

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.