Headlands Technologies LLC Purchases New Stake in Vertiv Holdings Co (NYSE:VRT)

Headlands Technologies LLC acquired a new position in Vertiv Holdings Co (NYSE:VRT - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 40,665 shares of the company's stock, valued at approximately $4,620,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Geode Capital Management LLC boosted its holdings in Vertiv by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company's stock worth $688,260,000 after buying an additional 99,181 shares in the last quarter. Nemes Rush Group LLC grew its holdings in shares of Vertiv by 266.3% in the 4th quarter. Nemes Rush Group LLC now owns 2,249 shares of the company's stock worth $256,000 after acquiring an additional 1,635 shares during the period. National Bank of Canada FI increased its stake in Vertiv by 58.0% in the 4th quarter. National Bank of Canada FI now owns 9,740 shares of the company's stock valued at $1,107,000 after purchasing an additional 3,576 shares in the last quarter. HighPoint Advisor Group LLC raised its holdings in Vertiv by 33.5% during the fourth quarter. HighPoint Advisor Group LLC now owns 28,568 shares of the company's stock worth $3,521,000 after purchasing an additional 7,162 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in Vertiv by 24.3% during the fourth quarter. Franklin Resources Inc. now owns 1,314,300 shares of the company's stock worth $149,318,000 after purchasing an additional 257,323 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

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Analyst Ratings Changes

Several research analysts have recently issued reports on VRT shares. Evercore ISI cut their price target on Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a research note on Friday, January 17th. Royal Bank of Canada began coverage on shares of Vertiv in a report on Friday, March 7th. They issued an "outperform" rating and a $121.00 price target on the stock. Fox Advisors assumed coverage on shares of Vertiv in a research note on Monday, January 6th. They set an "equal weight" rating for the company. Melius lowered Vertiv from a "buy" rating to a "hold" rating and set a $125.00 target price on the stock. in a research note on Tuesday, January 28th. Finally, Citigroup raised their price target on Vertiv from $141.00 to $155.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $135.33.

Vertiv Trading Down 12.5 %

Vertiv stock traded down $9.64 during trading on Thursday, reaching $67.47. The company had a trading volume of 11,550,811 shares, compared to its average volume of 8,802,181. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The firm has a market capitalization of $25.69 billion, a price-to-earnings ratio of 52.71, a PEG ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a 12-month low of $62.40 and a 12-month high of $155.84. The stock's 50 day moving average price is $98.69 and its two-hundred day moving average price is $111.27.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) 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 previous year, the firm posted $0.56 earnings per share. As a group, equities analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 0.22%. Vertiv's dividend payout ratio (DPR) is 11.72%.

Vertiv Company 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.