Vertiv Holdings Co (NYSE:VRT) Stock Position Trimmed by Emerald Advisers LLC

Emerald Advisers LLC lowered its position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 43.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,387 shares of the company's stock after selling 4,184 shares during the period. Emerald Advisers LLC's holdings in Vertiv were worth $612,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Jennison Associates LLC lifted its position in shares of Vertiv by 68.6% during the fourth quarter. Jennison Associates LLC now owns 7,754,347 shares of the company's stock valued at $880,971,000 after purchasing an additional 3,153,932 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Vertiv by 271.0% in the third quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company's stock worth $389,548,000 after acquiring an additional 2,860,181 shares during the period. Castle Hook Partners LP grew its stake in Vertiv by 215.6% during the third quarter. Castle Hook Partners LP now owns 1,864,426 shares of the company's stock valued at $185,492,000 after acquiring an additional 1,273,746 shares in the last quarter. Vanguard Group Inc. increased its holdings 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 worth $4,130,415,000 after purchasing an additional 1,244,780 shares during the period. Finally, Whale Rock Capital Management LLC bought a new stake in Vertiv during the third quarter valued at approximately $110,517,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

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Vertiv Stock Performance

Shares of VRT stock traded down $2.14 during mid-day trading on Tuesday, hitting $91.55. 6,847,403 shares of the stock were exchanged, compared to its average volume of 8,528,681. The stock's fifty day simple moving average is $106.11 and its two-hundred day simple moving average is $111.68. The stock has a market capitalization of $34.86 billion, a price-to-earnings ratio of 71.52, a P/E/G 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 Holdings Co has a 12-month low of $62.40 and a 12-month high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly 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 return on equity of 61.41% and a net margin of 6.19%. During the same quarter last year, the company earned $0.56 EPS. On average, analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be given a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date is Tuesday, March 18th. Vertiv's dividend payout ratio is currently 11.72%.

Analysts Set New Price Targets

A number of research analysts have commented on VRT shares. Melius lowered shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price target for the company. in a report on Tuesday, January 28th. Royal Bank of Canada assumed coverage on shares of Vertiv in a research report on Friday, March 7th. They set an "outperform" rating and a $121.00 price objective on the stock. Citigroup raised their target price on shares of Vertiv from $141.00 to $155.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. Barclays reduced their target price on Vertiv from $131.00 to $111.00 and set an "equal weight" rating on the stock in a report on Monday, March 3rd. Finally, Morgan Stanley initiated 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. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.