KLP Kapitalforvaltning AS acquired a new position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 117,500 shares of the company's stock, valued at approximately $13,349,000.
A number of other hedge funds have also recently bought and sold shares of the company. Jennison Associates LLC boosted its holdings in Vertiv by 68.6% during the 4th quarter. Jennison Associates LLC now owns 7,754,347 shares of the company's stock worth $880,971,000 after acquiring an additional 3,153,932 shares during the last quarter. State Street Corp raised its stake in shares of Vertiv by 4.2% during the 3rd quarter. State Street Corp now owns 7,635,081 shares of the company's stock worth $759,614,000 after purchasing an additional 308,704 shares during the period. Geode Capital Management LLC raised its stake in shares of Vertiv by 7.4% during the 3rd quarter. Geode Capital Management LLC now owns 5,951,784 shares of the company's stock worth $592,433,000 after purchasing an additional 408,054 shares during the period. Wellington Management Group LLP raised its stake in shares of Vertiv by 271.0% during the 3rd 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. Finally, Westfield Capital Management Co. LP raised its stake in shares of Vertiv by 1.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 3,611,566 shares of the company's stock worth $359,315,000 after purchasing an additional 40,696 shares during the period. 89.92% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on VRT shares. Melius cut 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. Melius Research reiterated a "hold" rating and set a $125.00 target price on shares of Vertiv in a research note on Tuesday, January 28th. Royal Bank of Canada began coverage on Vertiv in a research note on Friday, March 7th. They issued an "outperform" rating and a $121.00 price objective on the stock. Morgan Stanley began coverage on Vertiv in a research note on Monday, January 6th. They issued an "overweight" rating and a $150.00 price objective on the stock. Finally, Citigroup boosted their price objective on Vertiv from $141.00 to $155.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $136.07.
Get Our Latest Stock Analysis on VRT
Vertiv Stock Down 0.6 %
VRT opened at $88.58 on Monday. The company has a fifty day moving average price of $107.46 and a 200-day moving average price of $111.41. The firm has a market capitalization of $33.73 billion, a P/E ratio of 69.20, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. 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 Holdings Co has a one year low of $62.40 and a one year high of $155.84.
Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating analysts' consensus estimates 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 last year, the company posted $0.56 earnings per share. Equities research analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.
Vertiv Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.0375 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.17%. Vertiv's dividend payout ratio (DPR) is currently 11.72%.
About Vertiv
(
Free Report)
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.
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