Renaissance Technologies LLC Has $273.20 Million Stock Position in Vertiv Holdings Co (NYSE:VRT)

Renaissance Technologies LLC boosted its stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 15.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,404,712 shares of the company's stock after acquiring an additional 327,900 shares during the quarter. Renaissance Technologies LLC owned about 0.64% of Vertiv worth $273,199,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

VRT has been the subject of a number of research analyst reports. Fox Advisors initiated coverage on Vertiv in a research report on Monday, January 6th. They issued an "equal weight" rating for the company. Morgan Stanley assumed coverage on shares of Vertiv in a research report on Monday, January 6th. They set an "overweight" rating and a $150.00 target price for the company. Evercore ISI reduced their price target on shares of Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a report on Friday, January 17th. Roth Mkm initiated coverage on shares of Vertiv in a research note on Tuesday. They set a "buy" rating and a $75.00 price objective for the company. Finally, Barclays reduced their target price on Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a research note on Friday, April 4th. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $125.50.

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Vertiv Stock Up 2.4 %

VRT traded up $1.66 during trading on Friday, reaching $69.39. 8,182,977 shares of the stock traded hands, compared to its average volume of 9,009,290. The stock's 50-day simple moving average is $89.17 and its two-hundred day simple moving average is $109.50. 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 fifty-two week low of $53.60 and a fifty-two week high of $155.84. The stock has a market cap of $26.42 billion, a price-to-earnings ratio of 54.21, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71.

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

Vertiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were issued a dividend of $0.0375 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.22%. Vertiv's payout ratio is 11.72%.

About Vertiv

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.