Arrow Capital Pty Ltd Invests $1.10 Million in Vertiv Holdings Co (NYSE:VRT)

Arrow Capital Pty Ltd acquired a new position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 9,695 shares of the company's stock, valued at approximately $1,101,000.

Several other large investors have also recently bought and sold shares of the company. Barclays PLC increased its position in shares of Vertiv by 51.4% during the third quarter. Barclays PLC now owns 431,586 shares of the company's stock worth $42,940,000 after acquiring an additional 146,463 shares in the last quarter. World Investment Advisors LLC acquired a new stake in shares of Vertiv in the 3rd quarter valued at about $1,230,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Vertiv during the third quarter worth about $584,000. Blankinship & Foster LLC acquired a new stake in Vertiv in the 3rd quarter valued at approximately $8,798,000. Finally, B. Riley Wealth Advisors Inc. boosted its position in Vertiv by 18.6% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 6,502 shares of the company's stock worth $660,000 after acquiring an additional 1,021 shares during the last quarter. Institutional investors own 89.92% of the company's stock.

Vertiv Price Performance

VRT stock traded down $6.53 during mid-day trading on Monday, hitting $66.68. 4,222,330 shares of the stock were exchanged, compared to its average volume of 9,018,378. 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 stock has a market capitalization of $25.39 billion, a price-to-earnings ratio of 52.09, a PEG ratio of 1.07 and a beta of 1.71. The business has a fifty day moving average price of $84.24 and a 200 day moving average price of $108.59. Vertiv Holdings Co has a 12 month low of $53.60 and a 12 month high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 EPS 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 in the previous year, the company earned $0.56 EPS. On average, sell-side analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The business also recently announced 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 yield of 0.22%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv's dividend payout ratio is presently 11.72%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Roth Mkm began coverage on shares of Vertiv in a research report on Tuesday, April 8th. They issued a "buy" rating and a $75.00 price objective on the stock. Melius downgraded 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. Royal Bank of Canada started coverage on Vertiv in a research note on Friday, March 7th. They set an "outperform" rating and a $121.00 price objective on the stock. Melius Research restated a "hold" rating and set a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. Finally, Citigroup cut their price target on shares of Vertiv from $153.00 to $98.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $121.94.

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.