Massachusetts Financial Services Co. MA Takes Position in Vertiv Holdings Co (NYSE:VRT)

Massachusetts Financial Services Co. MA bought a new position in Vertiv Holdings Co (NYSE:VRT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,258,157 shares of the company's stock, valued at approximately $597,379,000. Massachusetts Financial Services Co. MA owned about 1.40% of Vertiv as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in VRT. RFG Bristol Wealth Advisors LLC purchased a new position in shares of Vertiv in the fourth quarter valued at about $1,094,000. Headlands Technologies LLC purchased a new position in Vertiv during the 4th quarter valued at about $4,620,000. Geode Capital Management LLC raised its position in Vertiv by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company's stock valued at $688,260,000 after purchasing an additional 99,181 shares during the last quarter. Nemes Rush Group LLC lifted its holdings in Vertiv by 266.3% in the 4th quarter. Nemes Rush Group LLC now owns 2,249 shares of the company's stock worth $256,000 after buying an additional 1,635 shares during the period. Finally, National Bank of Canada FI grew its position in shares of Vertiv by 58.0% in the 4th quarter. National Bank of Canada FI now owns 9,740 shares of the company's stock worth $1,107,000 after buying an additional 3,576 shares during the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on VRT. Royal Bank of Canada initiated coverage on shares of Vertiv in a report on Friday, March 7th. They issued an "outperform" rating and a $121.00 price target on the stock. Evercore ISI cut their target price on shares of Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a research note on Friday, January 17th. Melius Research reissued a "hold" rating and issued a $125.00 price target on shares of Vertiv in a research note on Tuesday, January 28th. Barclays cut their price objective on Vertiv from $111.00 to $100.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 26th. Finally, Melius lowered Vertiv from a "buy" rating to a "hold" rating and set a $125.00 target price for the company. in a research report on Tuesday, January 28th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $135.33.

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Vertiv Stock Down 12.5 %

Shares of NYSE VRT traded down $9.60 during midday trading on Thursday, hitting $67.51. The stock had a trading volume of 14,028,079 shares, compared to its average volume of 8,811,203. The company has a market cap of $25.71 billion, a P/E ratio of 52.74, a PEG ratio of 1.07 and a beta of 1.71. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The business's 50 day moving average is $96.97 and its 200-day moving average is $110.97. Vertiv Holdings Co has a 52 week low of $62.40 and a 52 week high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last issued 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 quarter in the prior year, the business posted $0.56 EPS. As a group, analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.22%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv's dividend payout ratio is currently 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.