Geode Capital Management LLC Raises Stake in Vertiv Holdings Co (NYSE:VRT)

Geode Capital Management LLC boosted its holdings in Vertiv Holdings Co (NYSE:VRT - Free Report) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,050,965 shares of the company's stock after purchasing an additional 99,181 shares during the quarter. Geode Capital Management LLC owned about 1.61% of Vertiv worth $688,260,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of Vertiv in the fourth quarter valued at about $391,777,000. Jennison Associates LLC raised its stake in Vertiv by 68.6% during the 4th quarter. Jennison Associates LLC now owns 7,754,347 shares of the company's stock valued at $880,971,000 after acquiring an additional 3,153,932 shares during the last quarter. Wellington Management Group LLP lifted its position in Vertiv by 271.0% during the 3rd 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. Arrowstreet Capital Limited Partnership grew its stake in shares of Vertiv by 136.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company's stock valued at $379,101,000 after purchasing an additional 1,928,275 shares during the last quarter. Finally, 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 valued at $4,130,415,000 after purchasing an additional 1,244,780 shares during the period. Institutional investors and hedge funds own 89.92% of the company's stock.

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Vertiv Price Performance

Vertiv stock traded down $8.05 during trading hours on Friday, hitting $59.42. The stock had a trading volume of 27,316,003 shares, compared to its average volume of 8,874,364. The stock has a market capitalization of $22.63 billion, a price-to-earnings ratio of 46.43, a PEG ratio of 1.07 and a beta of 1.71. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. Vertiv Holdings Co has a 1-year low of $55.38 and a 1-year high of $155.84. The stock's fifty day moving average is $95.23 and its two-hundred day moving average is $110.78.

Vertiv (NYSE:VRT - Get Free Report) last posted 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 quarter in the prior year, the company posted $0.56 earnings per share. As a group, analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv's dividend payout ratio (DPR) is presently 11.72%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on VRT shares. Evercore ISI lowered their price objective on shares of Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a research report on Friday, January 17th. Melius Research reaffirmed a "hold" rating and issued a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. Morgan Stanley began coverage on shares of Vertiv in a research note on Monday, January 6th. They set an "overweight" rating and a $150.00 price target on the stock. Melius downgraded shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price objective for the company. in a research report on Tuesday, January 28th. Finally, Royal Bank of Canada assumed coverage on Vertiv in a research report on Friday, March 7th. They set an "outperform" rating and a $121.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $134.67.

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.