Aware Super Pty Ltd as trustee of Aware Super Takes $7.86 Million Position in Vertiv Holdings Co (NYSE:VRT)

Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in Vertiv Holdings Co (NYSE:VRT - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 69,158 shares of the company's stock, valued at approximately $7,857,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. National Bank of Canada FI raised its holdings in shares of Vertiv by 12.3% in the 3rd quarter. National Bank of Canada FI now owns 6,164 shares of the company's stock valued at $613,000 after purchasing an additional 677 shares in the last quarter. Barclays PLC raised its stake in Vertiv by 51.4% in the third quarter. Barclays PLC now owns 431,586 shares of the company's stock valued at $42,940,000 after buying an additional 146,463 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in Vertiv by 170.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 47,179 shares of the company's stock worth $4,694,000 after buying an additional 29,719 shares during the last quarter. World Investment Advisors LLC purchased a new stake in Vertiv during the 3rd quarter worth about $1,230,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Vertiv during the 3rd quarter worth about $584,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Vertiv Trading Up 2.2 %

NYSE:VRT traded up $1.59 during trading hours on Friday, reaching $73.24. 9,294,650 shares of the company were exchanged, compared to its average volume of 9,054,801. The stock has a 50 day simple moving average of $85.23 and a 200 day simple moving average of $108.68. Vertiv Holdings Co has a 52-week low of $53.60 and a 52-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 firm has a market cap of $27.89 billion, a price-to-earnings ratio of 57.22, a PEG ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates 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 period in the previous year, the firm posted $0.56 earnings per share. As a group, analysts predict 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. Stockholders of record on Tuesday, March 18th were paid a $0.0375 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.20%. Vertiv's dividend payout ratio (DPR) is presently 11.72%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on VRT shares. Fox Advisors started coverage on Vertiv in a report on Monday, January 6th. They issued an "equal weight" rating for the company. Roth Capital upgraded Vertiv to a "strong-buy" rating in a research note on Monday, April 7th. Barclays cut their price target on Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a research note on Friday, April 4th. Royal Bank of Canada assumed coverage on shares of Vertiv in a research note on Friday, March 7th. They issued an "outperform" rating and a $121.00 price objective on the stock. Finally, JPMorgan Chase & Co. dropped their price target on shares of Vertiv from $132.00 to $100.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Four 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's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $121.94.

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.