Vertiv Holdings Co (NYSE:VRT) Stake Boosted by Pinebridge Investments L.P.

Pinebridge Investments L.P. increased its position in Vertiv Holdings Co (NYSE:VRT - Free Report) by 500.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,568 shares of the company's stock after buying an additional 33,811 shares during the period. Pinebridge Investments L.P.'s holdings in Vertiv were worth $4,609,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. SOA Wealth Advisors LLC. purchased a new position in shares of Vertiv during the 4th quarter worth about $26,000. OLD Second National Bank of Aurora acquired a new position in Vertiv during the fourth quarter worth approximately $30,000. Tradewinds Capital Management LLC raised its stake in Vertiv by 61.3% during the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock worth $33,000 after purchasing an additional 111 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of Vertiv in the 4th quarter valued at $34,000. Finally, Pittenger & Anderson Inc. grew its stake in shares of Vertiv by 92.0% during the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock valued at $36,000 after buying an additional 150 shares during the period. Hedge funds and other institutional investors own 89.92% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on VRT shares. Cowen reiterated a "buy" rating on shares of Vertiv in a report on Thursday. Melius Research reiterated a "hold" rating and set a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. Melius downgraded shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 target price for the company. in a research report on Tuesday, January 28th. JPMorgan Chase & Co. reduced their price target on shares of Vertiv from $132.00 to $100.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Fox Advisors started coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an "equal weight" rating for the company. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $120.38.

Vertiv Stock Down 0.9 %

NYSE VRT traded down $0.82 during mid-day trading on Monday, reaching $86.13. 8,861,150 shares of the company's stock traded hands, compared to its average volume of 8,988,294. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. Vertiv Holdings Co has a 1-year low of $53.60 and a 1-year high of $155.84. The company has a fifty day simple moving average of $81.05 and a 200-day simple moving average of $107.57. The company has a market cap of $32.80 billion, a price-to-earnings ratio of 67.29, a P/E/G ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the firm earned $0.43 earnings per share. The business's revenue was up 24.2% compared to the same quarter last year. As a group, equities research analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were paid a $0.0375 dividend. 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 0.17%. Vertiv's dividend payout ratio (DPR) is 8.72%.

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.