Mirabella Financial Services LLP Cuts Holdings in Vertiv Holdings Co (NYSE:VRT)

Mirabella Financial Services LLP lowered its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 83.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 7,106 shares of the company’s stock after selling 36,544 shares during the period. Mirabella Financial Services LLP’s holdings in Vertiv were worth $807,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Massachusetts Financial Services Co. MA bought a new stake in Vertiv during the fourth quarter valued at about $597,379,000. Norges Bank purchased a new position in shares of Vertiv in the 4th quarter worth approximately $391,777,000. Jennison Associates LLC raised its stake in shares of Vertiv by 68.6% during the 4th quarter. Jennison Associates LLC now owns 7,754,347 shares of the company’s stock worth $880,971,000 after acquiring an additional 3,153,932 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Vertiv by 136.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company’s stock valued at $379,101,000 after acquiring an additional 1,928,275 shares during the last quarter. Finally, Vanguard Group Inc. boosted 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 valued at $4,130,415,000 after acquiring an additional 1,244,780 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on VRT shares. Citigroup decreased their price objective on Vertiv from $153.00 to $98.00 and set a “buy” rating for the company in a report on Monday, April 14th. JPMorgan Chase & Co. lowered their price target on Vertiv from $132.00 to $100.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Evercore ISI cut their price objective on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. 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 target price for the company. Finally, Fox Advisors initiated coverage on shares of Vertiv in a research note on Monday, January 6th. They set an “equal weight” rating on the stock. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Vertiv currently has an average rating of “Moderate Buy” and an average price target of $121.94.

Vertiv Stock Performance

Shares of VRT stock opened at $73.24 on Monday. Vertiv Holdings Co has a 52-week low of $53.60 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 cap of $27.89 billion, a PE ratio of 57.22, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The business has a 50-day simple moving average of $84.24 and a 200-day simple moving average of $108.59.

Vertiv (NYSE:VRT) last announced its quarterly 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 firm earned $0.56 earnings per share. On average, equities analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors 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 annualized dividend and a yield of 0.20%. Vertiv’s dividend payout ratio is presently 11.72%.

Vertiv Company 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.