Vertiv Holdings Co (NYSE:VRT) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP trimmed its position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 37.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 203,630 shares of the company's stock after selling 122,465 shares during the quarter. Bridgewater Associates LP owned approximately 0.05% of Vertiv worth $23,134,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. SOA Wealth Advisors LLC. acquired a new stake in shares of Vertiv in the fourth quarter valued at about $26,000. OLD Second National Bank of Aurora acquired a new stake in Vertiv in the 4th quarter valued at about $30,000. Tradewinds Capital Management LLC lifted its stake in Vertiv by 61.3% in the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock worth $33,000 after purchasing an additional 111 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Vertiv during the 4th quarter worth approximately $34,000. Finally, Pittenger & Anderson Inc. grew its position in shares of Vertiv by 92.0% in the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock valued at $36,000 after purchasing an additional 150 shares in the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Stock Up 2.2 %

VRT traded up $1.59 on Friday, hitting $73.24. 9,294,650 shares of the company were exchanged, compared to its average volume of 9,036,926. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The company has a market cap of $27.89 billion, a price-to-earnings ratio of 57.22, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The firm has a 50-day moving average price of $84.24 and a two-hundred day moving average price of $108.59. Vertiv Holdings Co has a twelve month low of $53.60 and a twelve month high of $155.84.

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

Vertiv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were given a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a yield of 0.20%. Vertiv's dividend payout ratio (DPR) is presently 11.72%.

Wall Street Analyst Weigh In

VRT has been the topic of a number of analyst reports. Melius downgraded 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. Roth Mkm initiated coverage on Vertiv in a report on Tuesday, April 8th. They set a "buy" rating and a $75.00 price target on the stock. Citigroup dropped 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. JPMorgan Chase & Co. decreased their price objective on Vertiv from $132.00 to $100.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, Roth Capital raised Vertiv to a "strong-buy" rating in a research note on Monday, April 7th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Vertiv presently has an average rating of "Moderate Buy" and an average price target of $121.94.

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.