Vertiv Holdings Co (NYSE:VRT) Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lifted its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 136.9% during the fourth quarter, Holdings Channel reports. The fund owned 3,336,862 shares of the company’s stock after acquiring an additional 1,928,275 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Vertiv were worth $379,101,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Norges Bank purchased a new stake in Vertiv during the 4th quarter worth about $391,777,000. Jennison Associates LLC increased its stake in shares of Vertiv by 68.6% during the fourth quarter. Jennison Associates LLC now owns 7,754,347 shares of the company’s stock worth $880,971,000 after buying an additional 3,153,932 shares during the period. Wellington Management Group LLP increased its stake in shares of Vertiv by 271.0% during the third quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock worth $389,548,000 after buying an additional 2,860,181 shares during the period. Vanguard Group Inc. lifted its stake in Vertiv by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company’s stock worth $4,130,415,000 after acquiring an additional 1,244,780 shares during the last quarter. Finally, Whale Rock Capital Management LLC purchased a new position in Vertiv in the third quarter worth approximately $110,517,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Price Performance

Shares of VRT opened at $74.32 on Friday. 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 fifty-two week low of $62.40 and a fifty-two week high of $155.84. The firm has a 50-day simple moving average of $102.74 and a 200-day simple moving average of $111.48. The company has a market capitalization of $28.30 billion, a price-to-earnings ratio of 58.06, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate 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 posted $0.56 EPS. On average, equities research analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were given a dividend of $0.0375 per share. 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 payout ratio is currently 11.72%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Citigroup raised their price objective on shares of Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 9th. Evercore ISI decreased their price target on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Melius Research reaffirmed a “hold” rating and set a $125.00 price objective on shares of Vertiv in a research report on Tuesday, January 28th. Melius lowered 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. Finally, Fox Advisors began coverage on Vertiv in a report on Monday, January 6th. They issued an “equal weight” rating for the company. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $135.33.

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.