Mirova Invests $333,000 in Vertiv Holdings Co (NYSE:VRT)

Mirova acquired a new stake in Vertiv Holdings Co (NYSE:VRT) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 2,928 shares of the company’s stock, valued at approximately $333,000.

A number of other large investors have also recently bought and sold shares of the business. MML Investors Services LLC boosted its stake in shares of Vertiv by 26.3% during the 4th quarter. MML Investors Services LLC now owns 38,803 shares of the company’s stock worth $4,408,000 after acquiring an additional 8,087 shares in the last quarter. NWK Group Inc. acquired a new position in Vertiv during the fourth quarter valued at approximately $4,426,000. BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Vertiv by 53.3% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 185,438 shares of the company’s stock worth $21,068,000 after buying an additional 64,450 shares during the last quarter. Capital World Investors boosted its holdings in shares of Vertiv by 7.3% during the 4th quarter. Capital World Investors now owns 11,438 shares of the company’s stock worth $1,299,000 after buying an additional 774 shares during the period. Finally, Dnca Finance grew its stake in Vertiv by 125.7% in the 4th quarter. Dnca Finance now owns 39,500 shares of the company’s stock valued at $4,488,000 after buying an additional 22,000 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Evercore ISI decreased their price target on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Morgan Stanley began coverage on Vertiv in a research report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price target on the stock. Fox Advisors began coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating on the stock. The Goldman Sachs Group cut their target price on shares of Vertiv from $135.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Vertiv from $132.00 to $100.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Vertiv has an average rating of “Moderate Buy” and a consensus price target of $121.94.

Vertiv Stock Up 2.2 %

VRT opened at $73.24 on Friday. The firm has a market cap of $27.89 billion, a price-to-earnings ratio of 57.22, a PEG ratio of 1.07 and a beta of 1.71. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The firm’s 50-day simple moving average is $84.24 and its 200-day simple moving average is $108.55. Vertiv Holdings Co has a twelve month low of $53.60 and a twelve month high of $155.84.

Vertiv (NYSE:VRT) last posted 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 quarter last year, the business earned $0.56 earnings per share. Equities research analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently announced 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 of this dividend was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.20%. Vertiv’s dividend payout ratio (DPR) is presently 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.