Hsbc Holdings PLC Purchases 29,559 Shares of Vertiv Holdings Co (NYSE:VRT)

Hsbc Holdings PLC raised its stake in Vertiv Holdings Co (NYSE:VRT - Free Report) by 11.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 279,053 shares of the company's stock after purchasing an additional 29,559 shares during the period. Hsbc Holdings PLC owned 0.07% of Vertiv worth $31,813,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of VRT. Massachusetts Financial Services Co. MA acquired a new position in shares of Vertiv in the fourth quarter valued at approximately $597,379,000. Norges Bank purchased a new position in shares of Vertiv during the 4th quarter worth approximately $391,777,000. Jennison Associates LLC lifted its holdings in shares of Vertiv by 68.6% in the 4th quarter. Jennison Associates LLC now owns 7,754,347 shares of the company's stock valued at $880,971,000 after buying an additional 3,153,932 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Vertiv by 136.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company's stock worth $379,101,000 after buying an additional 1,928,275 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in 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 acquiring an additional 1,244,780 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Vertiv Stock Down 0.9 %

NYSE VRT traded down $0.82 on Monday, reaching $86.13. The company had a trading volume of 8,861,150 shares, compared to its average volume of 8,988,294. The firm has a market capitalization of $32.80 billion, a price-to-earnings ratio of 67.29, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The company's fifty day moving average is $81.05 and its 200-day moving average is $107.57. Vertiv Holdings Co has a 1-year low of $53.60 and a 1-year high of $155.84. 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 (NYSE:VRT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.02. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The company had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same period last year, the business earned $0.43 EPS. The business's quarterly revenue was up 24.2% on a year-over-year basis. On average, research analysts forecast 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. Investors of record on Tuesday, March 18th were given a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.17%. The ex-dividend date was Tuesday, March 18th. Vertiv's dividend payout ratio is currently 8.72%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Evercore ISI decreased their price target on 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 note on Thursday. Melius cut shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price target on the stock. in a research report on Tuesday, January 28th. Morgan Stanley lowered their price target on Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a report on Thursday. Finally, Fox Advisors initiated coverage on shares of Vertiv in a research note on Monday, January 6th. They set an "equal weight" rating for the company. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Vertiv presently has an average rating of "Moderate Buy" and an average price target of $120.38.

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.