Arrow Capital Pty Ltd Buys New Stake in Vertiv Holdings Co (NYSE:VRT)

Arrow Capital Pty Ltd purchased a new position in shares of Vertiv Holdings Co (NYSE:VRT) during the fourth quarter, Holdings Channel reports. The fund purchased 9,695 shares of the company’s stock, valued at approximately $1,101,000.

A number of other large investors also recently added to or reduced their stakes in VRT. Silverleafe Capital Partners LLC acquired a new position in Vertiv during the 4th quarter worth about $4,219,000. Foundations Investment Advisors LLC lifted its position in shares of Vertiv by 7.9% during the fourth quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock worth $21,076,000 after purchasing an additional 13,559 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Vertiv by 67.0% in the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock valued at $1,043,000 after purchasing an additional 3,682 shares during the period. Nordea Investment Management AB grew its holdings in shares of Vertiv by 3,417.9% in the fourth quarter. Nordea Investment Management AB now owns 964,104 shares of the company’s stock valued at $110,544,000 after purchasing an additional 936,698 shares in the last quarter. Finally, Register Financial Advisors LLC purchased a new stake in Vertiv during the 4th quarter worth approximately $217,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on VRT shares. Barclays dropped their price target on shares of Vertiv from $100.00 to $90.00 and set an “equal weight” rating for the company in a research note on Friday, April 4th. Melius Research reiterated a “hold” rating and issued a $125.00 price target on shares of Vertiv in a research note on Tuesday, January 28th. Morgan Stanley initiated coverage on shares of Vertiv in a report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective on the stock. Evercore ISI lowered their target price on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Finally, Roth Mkm initiated coverage on Vertiv in a report on Tuesday, April 8th. They set a “buy” rating and a $75.00 price target for the company. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Vertiv presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.94.

Vertiv Stock Down 1.2 %

VRT stock opened at $71.82 on Thursday. 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 stock has a market capitalization of $27.35 billion, a PE ratio of 56.11, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a one year low of $53.60 and a one year high of $155.84. The company has a fifty day moving average of $86.28 and a 200-day moving average of $108.86.

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

Vertiv Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were paid a dividend of $0.0375 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.21%. Vertiv’s dividend payout ratio (DPR) 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.