Aware Super Pty Ltd as trustee of Aware Super Makes New Investment in Vertiv Holdings Co (NYSE:VRT)

Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in Vertiv Holdings Co (NYSE:VRT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 69,158 shares of the company’s stock, valued at approximately $7,857,000.

Several other large investors have also recently added to or reduced their stakes in VRT. National Bank of Canada FI raised its holdings in shares of Vertiv by 12.3% in the 3rd quarter. National Bank of Canada FI now owns 6,164 shares of the company’s stock valued at $613,000 after purchasing an additional 677 shares in the last quarter. Barclays PLC raised its stake in Vertiv by 51.4% in the third quarter. Barclays PLC now owns 431,586 shares of the company’s stock valued at $42,940,000 after buying an additional 146,463 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in Vertiv by 170.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 47,179 shares of the company’s stock worth $4,694,000 after buying an additional 29,719 shares during the last quarter. World Investment Advisors LLC acquired a new position in shares of Vertiv during the 3rd quarter worth about $1,230,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Vertiv in the 3rd quarter valued at about $584,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Price Performance

VRT stock opened at $71.41 on Tuesday. The stock’s 50 day moving average is $88.22 and its two-hundred day moving average is $109.37. Vertiv Holdings Co has a 52-week low of $53.60 and a 52-week high of $155.84. The company has a market capitalization of $27.19 billion, a PE ratio of 55.79, a P/E/G ratio of 1.07 and a beta of 1.71. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT) last announced its quarterly earnings data 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 last year, the company earned $0.56 earnings per share. Analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.21%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv’s dividend payout ratio (DPR) is 11.72%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Roth Mkm initiated coverage on shares of Vertiv in a research note on Tuesday, April 8th. They issued a “buy” rating and a $75.00 price target on the stock. The Goldman Sachs Group dropped their target price on shares of Vertiv from $135.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Fox Advisors initiated coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an “equal weight” rating for the company. Melius lowered Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective on the stock. in a report on Tuesday, January 28th. Finally, Barclays reduced their target price on Vertiv from $100.00 to $90.00 and set an “equal weight” rating for the company in a report on Friday, April 4th. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Vertiv currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.94.

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.