Jump Financial LLC Cuts Stake in Vertiv Holdings Co (NYSE:VRT)

Jump Financial LLC trimmed its position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 56.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,704 shares of the company's stock after selling 124,524 shares during the period. Jump Financial LLC's holdings in Vertiv were worth $10,873,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA purchased a new position in shares of Vertiv in the 4th quarter worth approximately $597,379,000. Norges Bank purchased a new position in shares of Vertiv during the fourth quarter worth approximately $391,777,000. Jennison Associates LLC raised its position in Vertiv by 68.6% during the 4th quarter. Jennison Associates LLC now owns 7,754,347 shares of the company's stock valued at $880,971,000 after purchasing an additional 3,153,932 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Vertiv by 136.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company's stock worth $379,101,000 after acquiring an additional 1,928,275 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Vertiv by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock worth $4,130,415,000 after purchasing an additional 1,244,780 shares during the period. 89.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

VRT has been the topic of a number of recent research reports. Citigroup dropped their price objective on Vertiv from $153.00 to $98.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Roth Capital upgraded shares of Vertiv to a "strong-buy" rating in a research note on Monday, April 7th. Melius Research restated a "hold" rating and issued a $125.00 target price on shares of Vertiv in a research note on Tuesday, January 28th. JPMorgan Chase & Co. reduced their price target on Vertiv from $132.00 to $100.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Morgan Stanley initiated coverage on Vertiv in a research report on Monday, January 6th. They issued an "overweight" rating and a $150.00 price objective for the company. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $121.94.

Vertiv Stock Performance

Shares of VRT stock traded up $1.59 during trading hours on Friday, hitting $73.24. The company's stock had a trading volume of 9,294,650 shares, compared to its average volume of 9,064,547. Vertiv Holdings Co has a 12-month low of $53.60 and a 12-month high of $155.84. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The stock has a market cap of $27.89 billion, a PE ratio of 57.22, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The company has a 50 day moving average of $84.24 and a 200 day moving average of $108.51.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) 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 earnings per share. On average, sell-side analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current fiscal 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 paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.20%. The ex-dividend date was Tuesday, March 18th. Vertiv's payout ratio is currently 11.72%.

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.