Trexquant Investment LP decreased its stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 30.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 189,346 shares of the company's stock after selling 83,600 shares during the quarter. Trexquant Investment LP owned about 0.05% of Vertiv worth $21,512,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Vertiv by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock valued at $4,130,415,000 after acquiring an additional 1,244,780 shares in the last quarter. Jennison Associates LLC lifted its stake in shares of Vertiv by 68.6% in the fourth quarter. Jennison Associates LLC now owns 7,754,347 shares of the company's stock valued at $880,971,000 after buying an additional 3,153,932 shares in the last quarter. State Street Corp increased its position in shares of Vertiv by 4.2% during the third quarter. State Street Corp now owns 7,635,081 shares of the company's stock worth $759,614,000 after acquiring an additional 308,704 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Vertiv by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company's stock worth $688,260,000 after acquiring an additional 99,181 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in Vertiv by 25.3% during the 4th quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company's stock worth $557,349,000 after purchasing an additional 990,361 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
VRT has been the topic of several analyst reports. Evercore ISI cut their target price on Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a research report on Friday, January 17th. Fox Advisors assumed coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an "equal weight" rating for the company. 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 report on Friday. Royal Bank of Canada initiated coverage on shares of Vertiv in a research report on Friday, March 7th. They issued an "outperform" rating and a $121.00 price objective for the company. Finally, Melius lowered Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price target on the stock. in a report on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Vertiv currently has a consensus rating of "Moderate Buy" and a consensus target price of $134.67.
Get Our Latest Stock Analysis on VRT
Vertiv Price Performance
Shares of VRT traded down $9.22 during mid-day trading on Friday, reaching $58.25. 14,244,291 shares of the stock traded hands, compared to its average volume of 8,836,296. The company has a market cap of $22.18 billion, a price-to-earnings ratio of 45.53, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a 1 year low of $55.38 and a 1 year high of $155.84. The firm has a fifty day moving average price of $96.97 and a 200 day moving average price of $110.97. 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 (NYSE:VRT - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, beating 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 firm earned $0.56 earnings per share. As a group, equities research analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current year.
Vertiv Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.26%. The ex-dividend date was Tuesday, March 18th. Vertiv's dividend payout ratio is 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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