Meeder Asset Management Inc. Has $10.24 Million Stock Position in Vertiv Holdings Co (NYSE:VRT)

Meeder Asset Management Inc. boosted its holdings in Vertiv Holdings Co (NYSE:VRT) by 112.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 90,160 shares of the company’s stock after buying an additional 47,806 shares during the quarter. Meeder Asset Management Inc.’s holdings in Vertiv were worth $10,243,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VRT. Algert Global LLC bought a new stake in shares of Vertiv during the 3rd quarter valued at approximately $518,000. The Manufacturers Life Insurance Company boosted its position in Vertiv by 25.5% in the third quarter. The Manufacturers Life Insurance Company now owns 38,306 shares of the company’s stock valued at $3,811,000 after buying an additional 7,783 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of Vertiv during the third quarter worth $30,000. Townsquare Capital LLC lifted its stake in shares of Vertiv by 14.8% in the 3rd quarter. Townsquare Capital LLC now owns 4,990 shares of the company’s stock valued at $496,000 after acquiring an additional 642 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Vertiv by 10.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,502,545 shares of the company’s stock valued at $149,488,000 after acquiring an additional 142,059 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on VRT shares. Melius cut Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a report on Tuesday, January 28th. Fox Advisors started coverage on Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating for the company. Morgan Stanley started coverage on shares of Vertiv in a research report on Monday, January 6th. They set an “overweight” rating and a $150.00 target price 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 research report on Friday, January 17th. Finally, Citigroup raised their price target on shares of Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $135.33.

Vertiv Trading Down 2.6 %

NYSE VRT opened at $74.32 on Monday. The stock has a market capitalization of $28.30 billion, a P/E ratio of 58.06, a P/E/G ratio of 1.07 and a beta of 1.71. The business has a 50 day simple moving average of $102.74 and a 200 day simple moving average of $111.69. 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 Holdings Co has a one year low of $62.40 and a one year high of $155.84.

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

Vertiv Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were given a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date was Tuesday, March 18th. Vertiv’s payout ratio is 11.72%.

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.