Dimensional Fund Advisors LP Sells 12,083 Shares of Vertiv Holdings Co (NYSE:VRT)

Dimensional Fund Advisors LP cut its stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,656,927 shares of the company's stock after selling 12,083 shares during the period. Dimensional Fund Advisors LP owned 0.71% of Vertiv worth $301,911,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in VRT. Vanguard Group Inc. grew its stake in shares of Vertiv by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock valued at $4,130,415,000 after acquiring an additional 1,244,780 shares in the last quarter. Jennison Associates LLC raised its position 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 valued at $880,971,000 after buying an additional 3,153,932 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Vertiv by 1.7% in the fourth 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. Massachusetts Financial Services Co. MA acquired a new stake in Vertiv during the fourth quarter worth approximately $597,379,000. Finally, Wellington Management Group LLP increased its stake in Vertiv by 25.3% during the 4th quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company's stock worth $557,349,000 after acquiring an additional 990,361 shares during the period. Institutional investors own 89.92% of the company's stock.

Vertiv Stock Up 6.8 %

Vertiv stock traded up $5.34 during midday trading on Thursday, reaching $83.34. The stock had a trading volume of 6,893,858 shares, compared to its average volume of 9,092,871. The company has a fifty day moving average price of $82.01 and a two-hundred day moving average price of $107.87. The company has a market capitalization of $31.73 billion, a P/E ratio of 65.10, a PEG ratio of 1.07 and a beta of 1.71. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. Vertiv Holdings Co has a 12 month low of $53.60 and a 12 month high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. The company had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $1.94 billion. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. As a group, equities analysts expect 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 was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were given a $0.0375 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.18%. Vertiv's payout ratio is 11.72%.

Analyst Upgrades and Downgrades

VRT has been the topic of several recent analyst reports. Roth Mkm initiated coverage on shares of Vertiv in a research report on Tuesday, April 8th. They issued a "buy" rating and a $75.00 target price for the company. Royal Bank of Canada started coverage on Vertiv in a report on Friday, March 7th. They issued an "outperform" rating and a $121.00 target price on the stock. Morgan Stanley initiated coverage on Vertiv in a report on Monday, January 6th. They set an "overweight" rating and a $150.00 price target for the company. Cowen reiterated a "buy" rating on shares of Vertiv in a research report on Thursday. Finally, Citigroup cut their target price on shares of Vertiv from $153.00 to $98.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.