FIL Ltd grew its stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 65.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 60,237 shares of the company's stock after purchasing an additional 23,911 shares during the period. FIL Ltd's holdings in Vertiv were worth $6,844,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Vertiv by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock valued at $4,130,415,000 after purchasing an additional 1,244,780 shares in the last quarter. Jennison Associates LLC grew 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 acquiring an additional 3,153,932 shares in the last quarter. Geode Capital Management LLC raised 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 purchasing an additional 99,181 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in shares of Vertiv in the fourth quarter worth $597,379,000. Finally, Wellington Management Group LLP raised its stake in shares of Vertiv by 25.3% during the fourth quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company's stock valued at $557,349,000 after purchasing an additional 990,361 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research firms recently commented on VRT. Fox Advisors started coverage on shares of Vertiv in a research note on Monday, January 6th. They set an "equal weight" rating on the stock. Barclays dropped their price objective on Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a research note on Friday, April 4th. Evercore ISI decreased their target price on Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a research note on Friday, January 17th. Roth Capital raised shares of Vertiv to a "strong-buy" rating in a report on Monday, April 7th. Finally, Melius cut shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price objective on the stock. in a research note on Tuesday, January 28th. 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's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $121.94.
View Our Latest Stock Analysis on Vertiv
Vertiv Stock Performance
NYSE:VRT traded down $1.40 during mid-day trading on Wednesday, hitting $71.31. The stock had a trading volume of 2,533,514 shares, compared to its average volume of 8,986,920. The company's 50 day simple moving average is $87.28 and its 200 day simple moving average is $109.12. The stock has a market cap of $27.15 billion, a price-to-earnings ratio of 55.58, 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 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 quarter in the previous year, the firm posted $0.56 earnings per share. On average, equities research analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current year.
Vertiv Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were issued a $0.0375 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.21%. Vertiv's dividend payout ratio is presently 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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