Thematics Asset Management Acquires 7,000 Shares of Vertiv Holdings Co (NYSE:VRT)

Thematics Asset Management increased its position in Vertiv Holdings Co (NYSE:VRT - Free Report) by 4.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 149,000 shares of the company's stock after buying an additional 7,000 shares during the quarter. Thematics Asset Management's holdings in Vertiv were worth $16,928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Vertiv Stock Up 8.0 %

NYSE VRT traded up $6.26 during mid-day trading on Thursday, reaching $84.26. The stock had a trading volume of 8,701,217 shares, compared to its average volume of 9,099,955. The stock has a market cap of $32.08 billion, a PE ratio of 65.83, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a 1 year low of $53.60 and a 1 year high of $155.84. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The company has a fifty day moving average price of $82.01 and a 200 day moving average price of $107.87.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.94 billion. On average, research analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv's payout ratio is 11.72%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Evercore ISI cut their price objective on Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a research report on Friday, January 17th. Melius downgraded shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price objective on the stock. in a research report on Tuesday, January 28th. Morgan Stanley dropped their target price on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a research report on Thursday. Barclays reduced 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 report on Friday, April 4th. Finally, Cowen restated a "buy" rating on shares of Vertiv in a report on Thursday. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $120.38.

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.