Federated Hermes Inc. Purchases 715,212 Shares of Vertiv Holdings Co (NYSE:VRT)

Federated Hermes Inc. lifted its position in shares of Vertiv Holdings Co (NYSE:VRT) by 61.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,874,256 shares of the company’s stock after purchasing an additional 715,212 shares during the quarter. Federated Hermes Inc.’s holdings in Vertiv were worth $212,946,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VRT. Silverleafe Capital Partners LLC bought a new stake in shares of Vertiv during the 4th quarter valued at $4,219,000. Foundations Investment Advisors LLC boosted its stake in Vertiv by 7.9% during the fourth quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock worth $21,076,000 after acquiring an additional 13,559 shares in the last quarter. Empowered Funds LLC grew its holdings in Vertiv by 67.0% in the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock worth $1,043,000 after purchasing an additional 3,682 shares during the period. Gordian Capital Singapore Pte Ltd increased its stake in shares of Vertiv by 112.5% during the third quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company’s stock valued at $846,000 after purchasing an additional 4,500 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of Vertiv by 3,417.9% during the fourth quarter. Nordea Investment Management AB now owns 964,104 shares of the company’s stock valued at $110,544,000 after purchasing an additional 936,698 shares during the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Stock Performance

Shares of VRT opened at $59.42 on Friday. Vertiv Holdings Co has a one year low of $55.32 and a one year high of $155.84. The business has a fifty day moving average of $95.23 and a 200 day moving average of $110.94. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The firm has a market capitalization of $22.63 billion, a P/E ratio of 46.43, a PEG ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping 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 period in the previous year, the firm posted $0.56 EPS. As a group, sell-side analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were issued a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a yield of 0.25%. Vertiv’s dividend payout ratio is currently 11.72%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on VRT shares. Royal Bank of Canada initiated coverage on Vertiv in a research report on Friday, March 7th. They set an “outperform” rating and a $121.00 price objective for the company. 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. Melius Research reissued a “hold” rating and set a $125.00 price objective on shares of Vertiv in a research report on Tuesday, January 28th. Morgan Stanley initiated coverage on shares of Vertiv in a report on Monday, January 6th. They issued an “overweight” rating and a $150.00 target price for the company. Finally, Evercore ISI cut their price target on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.67.

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.