TIAA Trust National Association Has $8.94 Million Position in Vertiv Holdings Co (NYSE:VRT)

TIAA Trust National Association lessened its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 38.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 78,653 shares of the company’s stock after selling 48,622 shares during the period. TIAA Trust National Association’s holdings in Vertiv were worth $8,936,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. FineMark National Bank & Trust acquired a new position in Vertiv during the 4th quarter worth about $300,000. EFG Asset Management North America Corp. lifted its stake in shares of Vertiv by 41.9% in the fourth quarter. EFG Asset Management North America Corp. now owns 48,197 shares of the company’s stock worth $5,478,000 after acquiring an additional 14,240 shares during the period. EntryPoint Capital LLC boosted its holdings in Vertiv by 7.1% in the fourth quarter. EntryPoint Capital LLC now owns 3,924 shares of the company’s stock valued at $446,000 after acquiring an additional 259 shares during the last quarter. Prudential Financial Inc. raised its holdings in Vertiv by 11.1% during the 4th quarter. Prudential Financial Inc. now owns 581,871 shares of the company’s stock worth $66,106,000 after purchasing an additional 58,101 shares during the last quarter. Finally, Sheets Smith Investment Management acquired a new position in shares of Vertiv in the 4th quarter worth approximately $1,522,000. 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 current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The stock has a market cap of $34.86 billion, a PE ratio of 71.52, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The stock’s fifty day simple moving average is $106.11 and its two-hundred day simple moving average is $111.68. Vertiv Holdings Co has a 1-year low of $62.40 and a 1-year high of $155.84.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates 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 company earned $0.56 EPS. As a group, analysts forecast 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 will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date of this dividend is Tuesday, March 18th. Vertiv’s payout ratio is 11.72%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VRT. Fox Advisors assumed coverage on shares of Vertiv in a research report on Monday, January 6th. They set an “equal weight” rating for the company. Royal Bank of Canada initiated coverage on Vertiv in a research note on Friday, March 7th. They issued an “outperform” rating and a $121.00 price objective on the stock. Evercore ISI decreased their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Barclays dropped their price target on Vertiv from $131.00 to $111.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. Finally, 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. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.07.

Vertiv Company 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.