iA Global Asset Management Inc. Grows Stock Position in Vertiv Holdings Co (NYSE:VRT)

iA Global Asset Management Inc. increased its position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 33.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,980 shares of the company's stock after purchasing an additional 4,217 shares during the period. iA Global Asset Management Inc.'s holdings in Vertiv were worth $1,929,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in VRT. Jennison Associates LLC grew its position in Vertiv by 68.6% during the fourth quarter. Jennison Associates LLC now owns 7,754,347 shares of the company's stock worth $880,971,000 after buying an additional 3,153,932 shares during the period. Wellington Management Group LLP grew its holdings in shares of Vertiv by 271.0% in 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. Castle Hook Partners LP increased its stake in Vertiv by 215.6% in the 3rd quarter. Castle Hook Partners LP now owns 1,864,426 shares of the company's stock valued at $185,492,000 after purchasing an additional 1,273,746 shares in the last quarter. Whale Rock Capital Management LLC acquired a new position in Vertiv during the third quarter worth $110,517,000. Finally, Blue Whale Capital LLP purchased a new stake in Vertiv during the third quarter worth $93,481,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Vertiv Trading Down 2.3 %

Vertiv stock traded down $2.14 during midday trading on Tuesday, reaching $91.55. The stock had a trading volume of 6,847,403 shares, compared to its average volume of 8,522,945. The stock's 50-day simple moving average is $106.85 and its 200 day simple moving average is $111.55. Vertiv Holdings Co has a twelve month low of $62.40 and a twelve month 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. The stock has a market capitalization of $34.86 billion, a PE ratio of 71.52, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71.

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Vertiv (NYSE:VRT - Get Free Report) last issued 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 quarter in the previous year, the company posted $0.56 earnings per share. Analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date of this dividend is Tuesday, March 18th. Vertiv's dividend payout ratio is presently 11.72%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Evercore ISI dropped their price target on Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a research report on Friday, January 17th. Morgan Stanley assumed coverage on shares of Vertiv in a report on Monday, January 6th. They set an "overweight" rating and a $150.00 target price for the company. Fox Advisors initiated coverage on shares of Vertiv in a report on Monday, January 6th. They issued an "equal weight" rating on the stock. Melius lowered 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. Finally, Royal Bank of Canada started coverage on Vertiv in a research report on Friday, March 7th. They set an "outperform" rating and a $121.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $136.07.

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.