Vertiv Holdings Co (NYSE:VRT) Shares Sold by Axiom Investors LLC DE

Axiom Investors LLC DE decreased its position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 1.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,335,196 shares of the company's stock after selling 27,113 shares during the quarter. Vertiv makes up 2.0% of Axiom Investors LLC DE's holdings, making the stock its 13th largest holding. Axiom Investors LLC DE owned 0.62% of Vertiv worth $265,302,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of VRT. Vanguard Group Inc. lifted its holdings in Vertiv by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock worth $4,130,415,000 after purchasing an additional 1,244,780 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Vertiv by 68.6% in the fourth quarter. Jennison Associates LLC now owns 7,754,347 shares of the company's stock worth $880,971,000 after buying an additional 3,153,932 shares in the last quarter. State Street Corp boosted its position in shares of Vertiv by 4.2% during the third quarter. State Street Corp now owns 7,635,081 shares of the company's stock worth $759,614,000 after acquiring an additional 308,704 shares during the last quarter. Geode Capital Management LLC increased its holdings in Vertiv by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 5,951,784 shares of the company's stock valued at $592,433,000 after acquiring an additional 408,054 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in Vertiv by 25.3% in the 4th quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company's stock worth $557,349,000 after purchasing an additional 990,361 shares in the last quarter. Institutional investors own 89.92% of the company's stock.

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Vertiv Stock Up 4.3 %

Shares of Vertiv stock traded up $3.09 on Tuesday, reaching $75.29. The stock had a trading volume of 10,125,749 shares, compared to its average volume of 8,772,378. Vertiv Holdings Co has a 1 year low of $62.40 and a 1 year high of $155.84. The company has a 50 day moving average price of $101.47 and a 200 day moving average price of $111.58. 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 stock has a market capitalization of $28.67 billion, a P/E ratio of 58.82, a P/E/G ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, topping 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 period in the previous year, the business earned $0.56 earnings per share. As a group, equities research analysts forecast 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. 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 0.20%. The ex-dividend date was Tuesday, March 18th. Vertiv's dividend payout ratio (DPR) is 11.72%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Evercore ISI dropped their price target on Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a research note on Friday, January 17th. Citigroup boosted their target price on shares of Vertiv from $141.00 to $155.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Melius Research reiterated a "hold" rating and issued a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. Morgan Stanley started coverage on Vertiv in a report on Monday, January 6th. They set an "overweight" rating and a $150.00 price target on the stock. Finally, Melius cut shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price objective on the stock. in a research report on Tuesday, January 28th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $135.33.

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.