Gilder Gagnon Howe & Co. LLC Invests $2.86 Million in Vertiv Holdings Co (NYSE:VRT)

Gilder Gagnon Howe & Co. LLC bought a new stake in Vertiv Holdings Co (NYSE:VRT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 25,129 shares of the company's stock, valued at approximately $2,855,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VRT. Barclays PLC raised its stake in shares of Vertiv by 51.4% during the 3rd quarter. Barclays PLC now owns 431,586 shares of the company's stock worth $42,940,000 after purchasing an additional 146,463 shares in the last quarter. World Investment Advisors LLC acquired a new position in Vertiv during the 3rd quarter worth $1,230,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Vertiv during the third quarter valued at about $584,000. Blankinship & Foster LLC acquired a new position in Vertiv in the third quarter worth about $8,798,000. Finally, B. Riley Wealth Advisors Inc. raised its position in Vertiv by 18.6% in the third quarter. B. Riley Wealth Advisors Inc. now owns 6,502 shares of the company's stock worth $660,000 after purchasing an additional 1,021 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on VRT shares. Evercore ISI decreased their price objective on shares of Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a research note on Friday, January 17th. Cowen reiterated a "buy" rating on shares of Vertiv in a research report on Thursday. JPMorgan Chase & Co. lowered their price target on shares of Vertiv from $132.00 to $100.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Melius Research reiterated a "hold" rating and set a $125.00 price target on shares of Vertiv in a research report on Tuesday, January 28th. Finally, Melius cut shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price objective for the company. in a report on Tuesday, January 28th. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $120.38.

Vertiv Stock Performance

NYSE VRT traded down $0.82 on Monday, hitting $86.13. 8,861,150 shares of the stock were exchanged, compared to its average volume of 8,988,314. Vertiv Holdings Co has a 52 week low of $53.60 and a 52 week high of $155.84. The company has a market capitalization of $32.80 billion, a PE ratio of 67.29, a P/E/G ratio of 1.07 and a beta of 1.71. The business's fifty day moving average is $80.62 and its 200 day moving average is $107.39. 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 (NYSE:VRT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02. The business had revenue of $2.04 billion during 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%. The firm's revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.43 earnings per share. Research analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were given a dividend of $0.0375 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.17%. Vertiv's dividend payout ratio is currently 8.72%.

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.