Hartree Partners LP Makes New $880,000 Investment in Vertiv Holdings Co (NYSE:VRT)

Hartree Partners LP purchased a new position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 7,750 shares of the company's stock, valued at approximately $880,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Norges Bank bought a new stake in Vertiv in the 4th quarter valued at about $391,777,000. Jennison Associates LLC increased its holdings 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 acquiring an additional 3,153,932 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Vertiv by 271.0% during the third quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company's stock worth $389,548,000 after purchasing an additional 2,860,181 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings 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 worth $379,101,000 after purchasing an additional 1,928,275 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Vertiv by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock worth $4,130,415,000 after buying an additional 1,244,780 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on VRT. Morgan Stanley initiated coverage on shares of Vertiv in a report on Monday, January 6th. They issued an "overweight" rating and a $150.00 target price on the stock. Fox Advisors assumed coverage on Vertiv in a research note on Monday, January 6th. They issued an "equal weight" rating for the company. Melius Research reaffirmed a "hold" rating and set a $125.00 target price on shares of Vertiv in a research report on Tuesday, January 28th. Barclays lowered their price target on Vertiv from $111.00 to $100.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. Finally, Royal Bank of Canada assumed coverage on shares of Vertiv in a report on Friday, March 7th. They set an "outperform" rating and a $121.00 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's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $135.33.

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Vertiv Stock Performance

Shares of VRT stock traded up $3.09 during trading hours on Tuesday, hitting $75.29. 9,864,114 shares of the company were exchanged, compared to its average volume of 8,771,327. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $28.67 billion, a price-to-earnings ratio of 58.82, a P/E/G ratio of 1.07 and a beta of 1.71. The firm has a fifty day simple moving average of $101.47 and a 200 day simple moving average of $111.58. Vertiv Holdings Co has a 52-week low of $62.40 and a 52-week high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last released 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 return on equity of 61.41% and a net margin of 6.19%. During the same period in the prior year, the company earned $0.56 earnings per share. Research analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 0.20%. The ex-dividend date was Tuesday, March 18th. Vertiv's dividend payout ratio (DPR) is presently 11.72%.

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.