Arrowstreet Capital Limited Partnership Has $379.10 Million Stock Position in Vertiv Holdings Co (NYSE:VRT)

Arrowstreet Capital Limited Partnership increased its position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 136.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,336,862 shares of the company's stock after buying an additional 1,928,275 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.89% of Vertiv worth $379,101,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Vertiv by 3.5% in 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 during the last quarter. Jennison Associates LLC raised its stake in shares of Vertiv by 68.6% during the 4th quarter. Jennison Associates LLC now owns 7,754,347 shares of the company's stock worth $880,971,000 after purchasing an additional 3,153,932 shares in the last quarter. State Street Corp grew its stake in shares of Vertiv by 4.2% in the third quarter. State Street Corp now owns 7,635,081 shares of the company's stock valued at $759,614,000 after buying an additional 308,704 shares in the last quarter. Geode Capital Management LLC increased its holdings in Vertiv by 7.4% during the third quarter. Geode Capital Management LLC now owns 5,951,784 shares of the company's stock worth $592,433,000 after buying an additional 408,054 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in Vertiv by 271.0% during the third quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company's stock worth $389,548,000 after acquiring an additional 2,860,181 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

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Vertiv Price Performance

Shares of VRT stock traded up $3.09 on Tuesday, hitting $75.29. 9,864,114 shares of the company's stock were exchanged, compared to its average volume of 8,771,327. Vertiv Holdings Co has a 12 month low of $62.40 and a 12 month 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 50 day moving average of $101.47 and a 200 day moving average of $111.58. The stock has a market cap of $28.67 billion, a P/E ratio of 58.82, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71.

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 net margin of 6.19% and a return on equity of 61.41%. During the same period in the prior year, the company posted $0.56 EPS. On average, equities research analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The business also recently declared 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 of this dividend was Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.20%. Vertiv's dividend payout ratio (DPR) is presently 11.72%.

Wall Street Analyst Weigh In

VRT has been the topic of several recent analyst reports. Citigroup boosted their price objective on shares of Vertiv from $141.00 to $155.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Melius downgraded Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price target on the stock. in a research report on Tuesday, January 28th. Melius Research reaffirmed a "hold" rating and issued a $125.00 price objective on shares of Vertiv in a research report on Tuesday, January 28th. Morgan Stanley began coverage on Vertiv in a report on Monday, January 6th. They set an "overweight" rating and a $150.00 price target for the company. Finally, 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 on the stock. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $135.33.

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.