Vertiv Holdings Co (NYSE:VRT) Shares Sold by Senator Investment Group LP

Senator Investment Group LP reduced its position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 6.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 251,258 shares of the company's stock after selling 18,537 shares during the quarter. Senator Investment Group LP owned about 0.07% of Vertiv worth $28,545,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. TD Waterhouse Canada Inc. increased its stake in Vertiv by 239.3% during the fourth quarter. TD Waterhouse Canada Inc. now owns 19,378 shares of the company's stock worth $2,203,000 after acquiring an additional 13,667 shares during the last quarter. Thematics Asset Management boosted its holdings in shares of Vertiv by 4.9% in the 4th quarter. Thematics Asset Management now owns 149,000 shares of the company's stock worth $16,928,000 after purchasing an additional 7,000 shares during the period. Seaview Investment Managers LLC bought a new position in shares of Vertiv during the 4th quarter valued at approximately $320,000. Mirova purchased a new stake in Vertiv during the 4th quarter valued at $333,000. Finally, MML Investors Services LLC lifted its position in Vertiv by 26.3% in the fourth quarter. MML Investors Services LLC now owns 38,803 shares of the company's stock worth $4,408,000 after buying an additional 8,087 shares during the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Stock Up 7.4 %

VRT traded up $5.75 during trading on Thursday, hitting $83.75. The stock had a trading volume of 13,634,593 shares, compared to its average volume of 9,118,456. The stock has a 50 day simple moving average of $82.01 and a two-hundred day simple moving average of $107.87. The company has a market capitalization of $31.89 billion, a PE ratio of 65.43, a PEG 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 twelve month low of $53.60 and a twelve month high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.02. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.94 billion. On average, research analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

The business also recently disclosed 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. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv's dividend payout ratio (DPR) is presently 8.72%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on VRT shares. Melius Research reissued a "hold" rating and issued a $125.00 target price on shares of Vertiv in a research note on Tuesday, January 28th. Royal Bank of Canada started coverage on Vertiv in a research note on Friday, March 7th. They set an "outperform" rating and a $121.00 price target for the company. Evercore ISI reduced their target price on Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a research note on Friday, January 17th. The Goldman Sachs Group lowered their target price on shares of Vertiv from $135.00 to $85.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Finally, Roth Mkm assumed coverage on shares of Vertiv in a research note on Tuesday, April 8th. They issued a "buy" rating and a $75.00 price target on the stock. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $120.38.

Vertiv Company 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.