Vertiv Holdings Co (NYSE:VRT) Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP raised its position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 25.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,905,807 shares of the company's stock after acquiring an additional 990,361 shares during the period. Wellington Management Group LLP owned approximately 1.29% of Vertiv worth $557,349,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Silverleafe Capital Partners LLC acquired a new stake in Vertiv during the 4th quarter worth approximately $4,219,000. Foundations Investment Advisors LLC increased its position in shares of Vertiv by 7.9% in the fourth quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company's stock worth $21,076,000 after acquiring an additional 13,559 shares in the last quarter. Empowered Funds LLC increased its position in shares of Vertiv by 67.0% in the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company's stock worth $1,043,000 after acquiring an additional 3,682 shares in the last quarter. Gordian Capital Singapore Pte Ltd raised its stake in shares of Vertiv by 112.5% in the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company's stock valued at $846,000 after acquiring an additional 4,500 shares during the period. Finally, Nordea Investment Management AB lifted its holdings in shares of Vertiv by 3,417.9% during the 4th quarter. Nordea Investment Management AB now owns 964,104 shares of the company's stock valued at $110,544,000 after acquiring an additional 936,698 shares in the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several research firms have commented on VRT. Citigroup raised their price objective on Vertiv from $141.00 to $155.00 and gave the company a "buy" rating in a research report on Monday, December 9th. Royal Bank of Canada initiated coverage on Vertiv in a research report on Friday, March 7th. They set an "outperform" rating and a $121.00 price target on the stock. Barclays lowered their price objective on shares of Vertiv from $111.00 to $100.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. Melius Research reissued a "hold" rating and set a $125.00 target price on shares of Vertiv in a research report on Tuesday, January 28th. Finally, Evercore ISI lowered their price target on shares of Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a report on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $135.33.

Vertiv Stock Performance

NYSE:VRT traded up $3.09 during trading hours on Tuesday, reaching $75.29. 10,125,749 shares of the stock were exchanged, compared to its average volume of 8,781,934. Vertiv Holdings Co has a 52 week low of $62.40 and a 52 week high of $155.84. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $28.67 billion, a P/E ratio of 58.82, a P/E/G ratio of 1.07 and a beta of 1.71. The firm has a 50 day simple moving average of $100.11 and a 200-day simple moving average of $111.51.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 EPS 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 period in the prior year, the firm earned $0.56 earnings per share. As a group, sell-side analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were issued a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a yield of 0.20%. Vertiv's dividend 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.