Tredje AP fonden Acquires 17,014 Shares of Vertiv Holdings Co (NYSE:VRT)

Tredje AP fonden lifted its holdings in Vertiv Holdings Co (NYSE:VRT - Free Report) by 29.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 73,987 shares of the company's stock after buying an additional 17,014 shares during the quarter. Tredje AP fonden's holdings in Vertiv were worth $8,406,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Jennison Associates LLC grew its stake in shares of Vertiv by 10,825.0% during the third quarter. Jennison Associates LLC now owns 4,600,415 shares of the company's stock worth $457,695,000 after purchasing an additional 4,558,306 shares during the period. Wellington Management Group LLP raised its position in shares of Vertiv by 271.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company's stock valued at $389,548,000 after acquiring an additional 2,860,181 shares during the period. Castle Hook Partners LP boosted its stake in Vertiv by 215.6% during the 3rd 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 during the last quarter. Whale Rock Capital Management LLC acquired a new position in Vertiv during the third quarter valued at approximately $110,517,000. Finally, Blue Whale Capital LLP bought a new stake in Vertiv in the third quarter valued at approximately $93,481,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Vertiv Stock Up 5.3 %

VRT stock traded up $4.45 during midday trading on Friday, hitting $87.54. The company's stock had a trading volume of 7,344,888 shares, compared to its average volume of 10,907,188. The company's fifty day moving average price is $111.69 and its 200 day moving average price is $110.68. 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 capitalization of $33.33 billion, a P/E ratio of 68.39, a PEG ratio of 1.07 and a beta of 1.71.

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Vertiv (NYSE:VRT - Get Free Report) last released its 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 company earned $0.56 EPS. As a group, equities research analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be given a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.17%. The ex-dividend date of this dividend is Tuesday, March 18th. Vertiv's dividend payout ratio (DPR) is presently 11.72%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on VRT shares. TD Cowen lifted their price target on shares of Vertiv from $115.00 to $141.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Melius Research reiterated a "hold" rating and set a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. JPMorgan Chase & Co. increased their price target on Vertiv from $124.00 to $132.00 and gave the stock an "overweight" rating in a report on Tuesday, November 19th. Mizuho lifted their price objective on Vertiv from $125.00 to $145.00 and gave the company an "outperform" rating in a report on Tuesday, November 19th. Finally, Fox Advisors initiated coverage on Vertiv in a research note on Monday, January 6th. They set an "equal weight" rating for the company. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, Vertiv has a consensus rating of "Moderate Buy" and a consensus price target of $136.07.

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.