TD Private Client Wealth LLC Has $42,000 Stock Position in Vertiv Holdings Co (NYSE:VRT)

TD Private Client Wealth LLC boosted its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 150.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 371 shares of the company’s stock after acquiring an additional 223 shares during the quarter. TD Private Client Wealth LLC’s holdings in Vertiv were worth $42,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Jennison Associates LLC grew its position in Vertiv by 68.6% during the fourth quarter. Jennison Associates LLC now owns 7,754,347 shares of the company’s stock valued at $880,971,000 after purchasing an additional 3,153,932 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Vertiv by 271.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock valued at $389,548,000 after buying an additional 2,860,181 shares during the period. Castle Hook Partners LP grew its holdings in shares of Vertiv by 215.6% during the 3rd quarter. Castle Hook Partners LP now owns 1,864,426 shares of the company’s stock valued at $185,492,000 after acquiring an additional 1,273,746 shares in the last quarter. Whale Rock Capital Management LLC acquired a new position in shares of Vertiv in the third quarter worth $110,517,000. Finally, Nordea Investment Management AB raised 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 worth $110,544,000 after acquiring an additional 936,698 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Price Performance

Shares of NYSE:VRT opened at $91.55 on Wednesday. The company has a market cap of $34.86 billion, a price-to-earnings ratio of 71.52, a PEG ratio of 1.07 and a beta of 1.71. The business has a 50 day moving average price of $106.11 and a 200 day moving average price of $111.68. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. Vertiv Holdings Co has a twelve month low of $62.40 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, 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 business earned $0.56 earnings per share. Research analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

The business also recently announced 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. This represents a $0.15 annualized dividend and a dividend yield of 0.16%. The ex-dividend date of this dividend is Tuesday, March 18th. Vertiv’s payout ratio is presently 11.72%.

Analysts Set New Price Targets

Several brokerages have weighed in on VRT. Barclays dropped their target price on Vertiv from $131.00 to $111.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. Citigroup increased their price objective on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Fox Advisors assumed coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating for the company. Melius Research restated a “hold” rating and set a $125.00 price target on shares of Vertiv in a research note on Tuesday, January 28th. Finally, 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. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Vertiv currently has an average rating of “Moderate Buy” and a consensus target price 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.