Rockefeller Capital Management L.P. Reduces Position in Vertiv Holdings Co (NYSE:VRT)

Rockefeller Capital Management L.P. decreased its position in Vertiv Holdings Co (NYSE:VRT - Free Report) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 252,891 shares of the company's stock after selling 8,722 shares during the quarter. Rockefeller Capital Management L.P. owned 0.07% of Vertiv worth $28,731,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of brokerages recently commented on VRT. Morgan Stanley initiated coverage on shares of Vertiv in a research note on Monday, January 6th. They set an "overweight" rating and a $150.00 target price for the company. JPMorgan Chase & Co. cut their target price on Vertiv from $132.00 to $100.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Barclays dropped their price target on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a research note on Friday, April 4th. Melius cut shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 target price for the company. in a report on Tuesday, January 28th. Finally, Royal Bank of Canada initiated coverage on Vertiv in a report on Friday, March 7th. They issued an "outperform" rating and a $121.00 target price for the company. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $121.94.

Remove Ads

Vertiv Stock Performance

NYSE:VRT traded down $0.89 during mid-day trading on Wednesday, reaching $71.82. The stock had a trading volume of 13,414,927 shares, compared to its average volume of 9,029,014. Vertiv Holdings Co has a twelve month low of $53.60 and a twelve month high of $155.84. The business has a 50 day simple moving average of $87.28 and a 200 day simple moving average of $109.12. The firm has a market capitalization of $27.35 billion, a price-to-earnings ratio of 56.11, a PEG ratio of 1.07 and a beta of 1.71. 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 posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, beating 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 period in the prior year, the firm earned $0.56 EPS. On average, 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 was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.21%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv's dividend payout ratio (DPR) is 11.72%.

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.