Xponance Inc. Increases Stake in Vertiv Holdings Co (NYSE:VRT)

Xponance Inc. grew its position in Vertiv Holdings Co (NYSE:VRT) by 10.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,683 shares of the company’s stock after acquiring an additional 6,322 shares during the quarter. Xponance Inc.’s holdings in Vertiv were worth $7,803,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CIBC Asset Management Inc increased its stake in Vertiv by 5.4% in the 3rd quarter. CIBC Asset Management Inc now owns 13,461 shares of the company’s stock worth $1,339,000 after buying an additional 691 shares during the period. Empowered Funds LLC increased its stake in Vertiv by 6.5% in the 3rd quarter. Empowered Funds LLC now owns 5,498 shares of the company’s stock worth $547,000 after buying an additional 335 shares during the period. Natixis Advisors LLC increased its stake in Vertiv by 59.2% in the 3rd quarter. Natixis Advisors LLC now owns 128,451 shares of the company’s stock worth $12,779,000 after buying an additional 47,748 shares during the period. Caprock Group LLC purchased a new position in Vertiv in the 3rd quarter worth about $409,000. Finally, Wrapmanager Inc. purchased a new position in Vertiv in the 3rd quarter worth about $232,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on VRT. Morgan Stanley began coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 price target on the stock. Evercore ISI reduced their price target on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Melius downgraded shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a research report on Tuesday, January 28th. Fox Advisors initiated coverage on shares of Vertiv in a research report on Monday, January 6th. They set an “equal weight” rating on the stock. Finally, 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. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Vertiv currently has an average rating of “Moderate Buy” and an average target price of $136.07.

Vertiv Stock Up 5.4 %

NYSE:VRT opened at $89.25 on Thursday. Vertiv Holdings Co has a fifty-two week low of $62.40 and a fifty-two week high of $155.84. The stock has a market capitalization of $33.99 billion, a P/E ratio of 69.73, a P/E/G 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. The company’s 50-day simple moving average is $109.07 and its 200-day simple moving average is $111.02.

Vertiv (NYSE:VRT) last released its earnings results 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 previous year, the firm posted $0.56 earnings per share. On average, equities analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 18th will be paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.17%. The ex-dividend date is Tuesday, March 18th. Vertiv’s dividend payout ratio (DPR) 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.