2,044 Shares in Vertiv Holdings Co (NYSE:VRT) Bought by denkapparat Operations GmbH

denkapparat Operations GmbH acquired a new stake in shares of Vertiv Holdings Co (NYSE:VRT) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,044 shares of the company’s stock, valued at approximately $232,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Vertiv by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company’s stock valued at $4,130,415,000 after purchasing an additional 1,244,780 shares during the last quarter. Jennison Associates LLC boosted its stake in 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. State Street Corp increased its position in Vertiv by 4.2% during the third quarter. State Street Corp now owns 7,635,081 shares of the company’s stock valued at $759,614,000 after acquiring an additional 308,704 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Vertiv by 7.4% in the third quarter. Geode Capital Management LLC now owns 5,951,784 shares of the company’s stock valued at $592,433,000 after acquiring an additional 408,054 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in shares of Vertiv by 271.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock worth $389,548,000 after acquiring an additional 2,860,181 shares during the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on VRT. Fox Advisors assumed coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an “equal weight” rating on the stock. Royal Bank of Canada assumed coverage on Vertiv in a research note on Friday, March 7th. They set an “outperform” rating and a $121.00 price target for the company. Morgan Stanley started coverage on Vertiv in a research report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective on the stock. Evercore ISI decreased their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Finally, Citigroup raised their price target on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $135.33.

Vertiv Stock Down 2.6 %

Shares of NYSE VRT opened at $74.32 on Friday. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The company has a 50-day moving average of $102.74 and a 200 day moving average of $111.23. Vertiv Holdings Co has a 12-month low of $62.40 and a 12-month high of $155.84. The stock has a market cap of $28.30 billion, a PE ratio of 58.06, a P/E/G ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 EPS 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 previous year, the firm earned $0.56 earnings per share. As a group, sell-side analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were given a dividend of $0.0375 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.20%. Vertiv’s payout ratio is 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.