XTX Topco Ltd Decreases Position in Vertiv Holdings Co (NYSE:VRT)

XTX Topco Ltd reduced its position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 71.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,213 shares of the company's stock after selling 5,599 shares during the period. XTX Topco Ltd's holdings in Vertiv were worth $251,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Barclays PLC raised its stake in Vertiv by 51.4% in the 3rd quarter. Barclays PLC now owns 431,586 shares of the company's stock valued at $42,940,000 after purchasing an additional 146,463 shares during the last quarter. World Investment Advisors LLC purchased a new stake in shares of Vertiv during the third quarter worth $1,230,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Vertiv in the third quarter valued at about $584,000. Blankinship & Foster LLC purchased a new position in shares of Vertiv in the third quarter worth about $8,798,000. Finally, B. Riley Wealth Advisors Inc. boosted its position in Vertiv by 18.6% during the third quarter. B. Riley Wealth Advisors Inc. now owns 6,502 shares of the company's stock worth $660,000 after acquiring an additional 1,021 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Vertiv Stock Performance

NYSE VRT opened at $87.06 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The company has a market cap of $33.15 billion, a P/E ratio of 68.02, a P/E/G ratio of 1.07 and a beta of 1.71. The stock has a 50-day moving average of $81.05 and a two-hundred day moving average of $107.57. Vertiv Holdings Co has a 1-year low of $53.60 and a 1-year 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 net margin of 6.19% and a return on equity of 61.41%. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.94 billion. As a group, analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were paid a dividend of $0.0375 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.17%. Vertiv's payout ratio is 8.72%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on VRT. Royal Bank of Canada initiated coverage on shares of Vertiv in a research note on Friday, March 7th. They issued an "outperform" rating and a $121.00 target price on the stock. Fox Advisors assumed coverage on Vertiv in a research report on Monday, January 6th. They set an "equal weight" rating on the stock. KGI Securities began coverage on Vertiv in a report on Thursday. They issued a "hold" rating for the company. Cowen reaffirmed a "buy" rating on shares of Vertiv in a research note on Thursday. Finally, Barclays lowered their price target on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a research report on Friday, April 4th. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $120.38.

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.

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