Clare Market Investments LLC Purchases Shares of 13,760 Vertiv Holdings Co (NYSE:VRT)

Clare Market Investments LLC acquired a new stake in Vertiv Holdings Co (NYSE:VRT - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 13,760 shares of the company's stock, valued at approximately $1,563,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jennison Associates LLC grew its position in Vertiv by 68.6% in the 4th quarter. Jennison Associates LLC now owns 7,754,347 shares of the company's stock valued at $880,971,000 after buying an additional 3,153,932 shares during the last quarter. State Street Corp lifted its holdings in Vertiv by 4.2% in the third quarter. State Street Corp now owns 7,635,081 shares of the company's stock valued at $759,614,000 after acquiring an additional 308,704 shares during the period. Geode Capital Management LLC lifted its holdings in Vertiv by 7.4% in the third 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 period. Wellington Management Group LLP lifted its holdings in Vertiv by 271.0% in the third quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company's stock valued at $389,548,000 after acquiring an additional 2,860,181 shares during the period. Finally, Westfield Capital Management Co. LP lifted its holdings in Vertiv by 1.1% in the third quarter. Westfield Capital Management Co. LP now owns 3,611,566 shares of the company's stock valued at $359,315,000 after acquiring an additional 40,696 shares during the period. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

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Vertiv Price Performance

VRT stock traded up $2.11 during trading on Wednesday, hitting $85.23. The stock had a trading volume of 9,860,542 shares, compared to its average volume of 11,042,896. The company's 50 day moving average price is $113.15 and its two-hundred day moving average price is $110.80. Vertiv Holdings Co has a 1-year low of $62.40 and a 1-year high of $155.84. The stock has a market cap of $32.45 billion, a price-to-earnings ratio of 66.58, 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.

Vertiv (NYSE:VRT - Get Free Report) last announced its earnings results 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 net margin of 6.19% and a return on equity of 61.41%. During the same period in the prior year, the business posted $0.56 earnings per share. On average, sell-side analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th will be issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.18%. The ex-dividend date of this dividend is Tuesday, March 18th. Vertiv's dividend payout ratio (DPR) is 11.72%.

Analyst Upgrades and Downgrades

VRT has been the subject of a number of recent analyst reports. Melius downgraded Vertiv from a "buy" rating to a "hold" rating and set a $125.00 target price for the company. in a report on Tuesday, January 28th. Morgan Stanley initiated coverage on Vertiv in a report on Monday, January 6th. They issued an "overweight" rating and a $150.00 target price for the company. Fox Advisors initiated coverage on Vertiv in a report on Monday, January 6th. They issued an "equal weight" rating for the company. The Goldman Sachs Group raised their target price on Vertiv from $126.00 to $140.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. lifted their price target on Vertiv from $124.00 to $132.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $136.07.

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.