Blue Whale Capital LLP trimmed its holdings in Vertiv Holdings Co (NYSE:VRT - Free Report) by 39.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 566,946 shares of the company's stock after selling 372,655 shares during the quarter. Vertiv comprises 4.8% of Blue Whale Capital LLP's portfolio, making the stock its 9th biggest holding. Blue Whale Capital LLP owned about 0.15% of Vertiv worth $64,411,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Vertiv by 3.5% during the fourth 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 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 buying an additional 3,153,932 shares in the last quarter. State Street Corp boosted its position in Vertiv by 4.2% in the 3rd quarter. State Street Corp now owns 7,635,081 shares of the company's stock valued at $759,614,000 after buying an additional 308,704 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Vertiv by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company's stock valued at $688,260,000 after buying an additional 99,181 shares during the period. Finally, Massachusetts Financial Services Co. MA bought a new stake in shares of Vertiv during the fourth quarter worth $597,379,000. Institutional investors own 89.92% of the company's stock.
Analyst Ratings Changes
Several equities analysts recently issued reports on the company. Roth Mkm began coverage on Vertiv in a report on Tuesday. They issued a "buy" rating and a $75.00 price target on the stock. JPMorgan Chase & Co. reduced their target price on shares of Vertiv from $132.00 to $100.00 and set an "overweight" rating on the stock in a research note on Tuesday. Roth Capital raised shares of Vertiv to a "strong-buy" rating in a research note on Monday. Morgan Stanley started coverage on shares of Vertiv in a report on Monday, January 6th. They issued an "overweight" rating and a $150.00 price objective on the stock. Finally, Melius Research reaffirmed a "hold" rating and set a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $125.50.
Get Our Latest Report on Vertiv
Vertiv Trading Up 1.4 %
NYSE:VRT traded up $0.92 on Friday, reaching $68.65. The company's stock had a trading volume of 4,388,936 shares, compared to its average volume of 8,994,658. Vertiv Holdings Co has a 1-year low of $53.60 and a 1-year high of $155.84. The business's 50-day moving average price is $90.00 and its two-hundred day moving average price is $109.72. The firm has a market cap of $26.14 billion, a PE ratio of 53.16, a PEG 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.
Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, beating 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 quarter in the previous year, the firm posted $0.56 EPS. Equities research analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.
Vertiv Dividend Announcement
The business 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. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.22%. Vertiv's payout ratio is 11.72%.
Vertiv Company Profile
(
Free Report)
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.
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