Vertiv Holdings Co (NYSE:VRT) Stake Raised by Achmea Investment Management B.V.

Achmea Investment Management B.V. increased its position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 1,257.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,597 shares of the company's stock after purchasing an additional 42,237 shares during the quarter. Achmea Investment Management B.V.'s holdings in Vertiv were worth $5,181,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in VRT. Jennison Associates LLC boosted its holdings in shares of Vertiv by 68.6% in the 4th 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 during the period. State Street Corp boosted its stake in 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 acquiring an additional 308,704 shares during the period. Geode Capital Management LLC grew its holdings in shares of Vertiv by 7.4% during the third quarter. Geode Capital Management LLC now owns 5,951,784 shares of the company's stock valued at $592,433,000 after purchasing an additional 408,054 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Vertiv by 271.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company's stock worth $389,548,000 after purchasing an additional 2,860,181 shares during the period. Finally, Westfield Capital Management Co. LP lifted its holdings in shares of Vertiv by 1.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 3,611,566 shares of the company's stock worth $359,315,000 after purchasing an additional 40,696 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

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Wall Street Analyst Weigh In

Several equities research analysts have weighed in on VRT shares. Barclays dropped their target price on Vertiv from $131.00 to $111.00 and set an "equal weight" rating on the stock in a research report on Monday, March 3rd. JPMorgan Chase & Co. lifted their price objective on shares of Vertiv from $124.00 to $132.00 and gave the company an "overweight" rating in a research report on Tuesday, November 19th. The Goldman Sachs Group upped their target price on shares of Vertiv from $126.00 to $140.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. TD Cowen lifted their price target on Vertiv from $115.00 to $141.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Finally, Oppenheimer boosted their price target on Vertiv from $121.00 to $131.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $136.07.

Vertiv Price Performance

Shares of NYSE:VRT traded down $4.39 during trading hours on Tuesday, hitting $84.65. 6,131,856 shares of the company's stock traded hands, compared to its average volume of 8,588,833. The company's fifty day simple moving average is $110.79 and its two-hundred day simple moving average is $111.17. The company has a market cap of $32.23 billion, a price-to-earnings ratio of 66.13, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. Vertiv Holdings Co has a 52 week low of $62.40 and a 52 week high of $155.84.

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

Vertiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.0375 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.18%. Vertiv's payout ratio is presently 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.