Scotia Capital Inc. Buys 3,201 Shares of Vertiv Holdings Co (NYSE:VRT)

Scotia Capital Inc. grew its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 18.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 20,952 shares of the company’s stock after acquiring an additional 3,201 shares during the quarter. Scotia Capital Inc.’s holdings in Vertiv were worth $2,380,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of VRT. Massachusetts Financial Services Co. MA acquired a new position in Vertiv in the fourth quarter valued at about $597,379,000. Norges Bank acquired a new position in shares of Vertiv in the 4th quarter valued at approximately $391,777,000. Jennison Associates LLC lifted 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. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Vertiv by 136.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company’s stock worth $379,101,000 after acquiring an additional 1,928,275 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Vertiv by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company’s stock worth $4,130,415,000 after acquiring an additional 1,244,780 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.

Vertiv Trading Up 2.4 %

NYSE VRT opened at $69.39 on Friday. The firm has a market capitalization of $26.42 billion, a PE ratio of 54.21, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The business’s 50-day moving average price is $89.17 and its two-hundred day moving average price is $109.50. 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 12 month low of $53.60 and a 12 month high of $155.84.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating the consensus estimate 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 period in the previous year, the firm earned $0.56 EPS. On average, analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The company 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 annualized dividend and a yield of 0.22%. Vertiv’s payout ratio is 11.72%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on VRT shares. Barclays cut their target price on Vertiv from $100.00 to $90.00 and set an “equal weight” rating for the company in a research note on Friday, April 4th. Royal Bank of Canada assumed 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. JPMorgan Chase & Co. decreased their target price on Vertiv from $132.00 to $100.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Melius Research reissued a “hold” rating and issued a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. Finally, The Goldman Sachs Group decreased their price target on shares of Vertiv from $135.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday. Four investment 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.