Aquatic Capital Management LLC Grows Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Aquatic Capital Management LLC lifted its stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 448.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 215,539 shares of the company's stock after buying an additional 176,239 shares during the quarter. Aquatic Capital Management LLC owned approximately 0.06% of Vertiv worth $24,487,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Massachusetts Financial Services Co. MA acquired a new position in Vertiv during the 4th quarter worth approximately $597,379,000. Norges Bank purchased a new stake in shares of Vertiv during the 4th quarter worth $391,777,000. Jennison Associates LLC lifted its position in shares of Vertiv by 68.6% during the 4th 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 last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Vertiv by 136.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company's stock worth $379,101,000 after purchasing an additional 1,928,275 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Vertiv by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock valued at $4,130,415,000 after buying an additional 1,244,780 shares during the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Stock Performance

Shares of VRT stock traded down $0.82 during mid-day trading on Monday, hitting $86.13. The stock had a trading volume of 8,861,150 shares, compared to its average volume of 8,988,314. Vertiv Holdings Co has a fifty-two week low of $53.60 and a fifty-two week high of $155.84. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The company's 50-day simple moving average is $81.05 and its 200-day simple moving average is $107.57. The firm has a market cap of $32.80 billion, a PE ratio of 67.29, a PEG ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the firm earned $0.43 earnings per share. The firm's revenue was up 24.2% compared to the same quarter last year. Sell-side analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 0.17%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv's dividend payout ratio is presently 8.72%.

Wall Street Analysts Forecast Growth

VRT has been the subject of a number of recent analyst reports. Morgan Stanley decreased their price target on Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a report on Thursday. Roth Mkm began coverage on Vertiv in a research note on Tuesday, April 8th. They set a "buy" rating and a $75.00 target price for the company. The Goldman Sachs Group dropped their price target on shares of Vertiv from $135.00 to $85.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Citigroup reduced their price objective on shares of Vertiv from $153.00 to $98.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Melius downgraded shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 target price on the stock. in a research report on Tuesday, January 28th. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $120.38.

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.