Vertiv Holdings Co (NYSE:VRT) Shares Purchased by Barclays PLC

Barclays PLC lifted its holdings in Vertiv Holdings Co (NYSE:VRT - Free Report) by 12.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 485,798 shares of the company's stock after acquiring an additional 54,212 shares during the quarter. Barclays PLC owned 0.13% of Vertiv worth $55,192,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of VRT. World Investment Advisors LLC purchased a new position in shares of Vertiv during the 3rd quarter valued at approximately $1,230,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Vertiv in the third quarter valued at approximately $584,000. Blankinship & Foster LLC purchased a new stake in shares of Vertiv during the third quarter worth approximately $8,798,000. B. Riley Wealth Advisors Inc. boosted its holdings in shares of 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 purchasing an additional 1,021 shares during the last quarter. Finally, Lord Abbett & CO. LLC grew its holdings in Vertiv by 31.6% in the 3rd quarter. Lord Abbett & CO. LLC now owns 843,058 shares of the company's stock valued at $83,876,000 after buying an additional 202,576 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Vertiv Price Performance

VRT stock traded down $4.50 during trading on Monday, hitting $68.71. The stock had a trading volume of 2,094,395 shares, compared to its average volume of 9,010,364. The stock has a market cap of $26.16 billion, a price-to-earnings ratio of 53.47, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The company's 50 day moving average price is $84.24 and its two-hundred day moving average price is $108.59. Vertiv Holdings Co has a 1-year low of $53.60 and a 1-year high of $155.84.

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

Vertiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were issued a dividend of $0.0375 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.22%. Vertiv's payout ratio is currently 11.72%.

Analyst Ratings Changes

VRT has been the subject of several research reports. Citigroup dropped their target price on Vertiv from $153.00 to $98.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Royal Bank of Canada assumed coverage on shares of Vertiv in a report on Friday, March 7th. They issued an "outperform" rating and a $121.00 target price for the company. Morgan Stanley initiated coverage on shares of Vertiv in a research note on Monday, January 6th. They set an "overweight" rating and a $150.00 price target for the company. JPMorgan Chase & Co. reduced their price objective on shares of Vertiv from $132.00 to $100.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, Roth Mkm began coverage on Vertiv in a report on Tuesday, April 8th. They issued a "buy" rating and a $75.00 price target for the company. Four equities research 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. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average 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.