APG Asset Management N.V. Has $26.79 Million Stock Position in Vertiv Holdings Co (NYSE:VRT)

APG Asset Management N.V. increased its position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 601.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 244,155 shares of the company's stock after buying an additional 209,326 shares during the period. APG Asset Management N.V. owned 0.07% of Vertiv worth $26,787,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Vertiv by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock worth $4,130,415,000 after acquiring an additional 1,244,780 shares during the last quarter. Jennison Associates LLC boosted 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 worth $880,971,000 after purchasing an additional 3,153,932 shares during the period. Geode Capital Management LLC increased its holdings in shares of Vertiv by 1.7% in the fourth 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. Massachusetts Financial Services Co. MA bought a new position in shares of Vertiv in the fourth quarter valued at about $597,379,000. Finally, Wellington Management Group LLP lifted its stake in shares of Vertiv by 25.3% during the 4th quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company's stock worth $557,349,000 after buying an additional 990,361 shares during the last quarter. 89.92% of the stock is owned by institutional investors.

Remove Ads

Vertiv Price Performance

NYSE VRT traded up $1.38 on Monday, hitting $70.99. 2,958,771 shares of the company's stock were exchanged, compared to its average volume of 11,153,973. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. Vertiv Holdings Co has a 52 week low of $53.60 and a 52 week high of $155.84. The stock has a market cap of $27.03 billion, a price-to-earnings ratio of 55.46, a P/E/G ratio of 1.07 and a beta of 1.71. The stock has a 50-day moving average of $89.17 and a 200-day moving average of $109.56.

Vertiv (NYSE:VRT - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping 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 period in the previous year, the company earned $0.56 earnings per share. Analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.21%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv's dividend payout ratio (DPR) is 11.72%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Evercore ISI lowered their price target on shares of Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a report on Friday, January 17th. JPMorgan Chase & Co. lowered their target price on Vertiv from $132.00 to $100.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Fox Advisors initiated coverage on Vertiv in a research note on Monday, January 6th. They issued an "equal weight" rating for the company. Barclays lowered their price objective on Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a research report on Friday, April 4th. Finally, Royal Bank of Canada started coverage on shares of Vertiv in a research report on Friday, March 7th. They issued an "outperform" rating and a $121.00 target price for the company. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Vertiv has a consensus rating of "Moderate Buy" and an average target price of $125.50.

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.