Zurcher Kantonalbank Zurich Cantonalbank Raises Stake in Vertiv Holdings Co (NYSE:VRT)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 915,775 shares of the company's stock after purchasing an additional 7,524 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.24% of Vertiv worth $104,041,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Jennison Associates LLC raised its position in Vertiv by 10,825.0% in the third quarter. Jennison Associates LLC now owns 4,600,415 shares of the company's stock worth $457,695,000 after acquiring an additional 4,558,306 shares in the last quarter. Wellington Management Group LLP raised its position in Vertiv by 271.0% in 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. Castle Hook Partners LP raised its position in Vertiv by 215.6% in the third quarter. Castle Hook Partners LP now owns 1,864,426 shares of the company's stock worth $185,492,000 after acquiring an additional 1,273,746 shares in the last quarter. Whale Rock Capital Management LLC purchased a new position in Vertiv in the third quarter worth $110,517,000. Finally, Blue Whale Capital LLP purchased a new position in Vertiv in the third quarter worth $93,481,000. Hedge funds and other institutional investors own 89.92% of the company's stock.

Vertiv Trading Up 2.5 %

NYSE:VRT traded up $2.11 during mid-day trading on Wednesday, reaching $85.23. The company's stock had a trading volume of 9,860,542 shares, compared to its average volume of 11,042,896. The company's fifty day simple moving average is $113.15 and its two-hundred day simple moving average is $110.80. 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 twelve month low of $62.40 and a twelve month high of $155.84. The stock has a market cap of $32.45 billion, a P/E ratio of 66.58, a P/E/G ratio of 1.07 and a beta of 1.71.

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Vertiv (NYSE:VRT - Get Free Report) last issued its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, topping 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 quarter in the previous year, the company posted $0.56 earnings per share. On average, equities analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date of this dividend is Tuesday, March 18th. Vertiv's payout ratio is currently 11.72%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. UBS Group started coverage on Vertiv in a research report on Wednesday, November 13th. They issued a "buy" rating and a $155.00 price objective for the company. Mizuho raised their price target on Vertiv from $125.00 to $145.00 and gave the company an "outperform" rating in a research report on Tuesday, November 19th. Royal Bank of Canada started coverage on Vertiv in a research report on Friday, March 7th. They issued an "outperform" rating and a $121.00 price target for the company. Morgan Stanley started coverage on Vertiv in a research report on Monday, January 6th. They issued an "overweight" rating and a $150.00 price target for the company. Finally, Fox Advisors began coverage on Vertiv in a research report on Monday, January 6th. They issued an "equal weight" rating for the company. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Vertiv presently has an average rating of "Moderate Buy" and an average price target of $136.07.

Vertiv 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.