Carroll Investors Inc Buys 1,843 Shares of Vertiv Holdings Co (NYSE:VRT)

Carroll Investors Inc grew its stake in Vertiv Holdings Co (NYSE:VRT) by 16.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,800 shares of the company’s stock after buying an additional 1,843 shares during the period. Vertiv makes up about 0.8% of Carroll Investors Inc’s holdings, making the stock its 16th biggest holding. Carroll Investors Inc’s holdings in Vertiv were worth $1,457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Aware Super Pty Ltd as trustee of Aware Super purchased a new position in shares of Vertiv during the 4th quarter valued at about $7,857,000. LaSalle St. Investment Advisors LLC bought a new position in Vertiv during the fourth quarter valued at approximately $293,000. Mariner LLC raised its stake in shares of Vertiv by 10.9% during the fourth quarter. Mariner LLC now owns 51,870 shares of the company’s stock worth $5,894,000 after acquiring an additional 5,097 shares in the last quarter. Barclays PLC lifted its holdings in shares of Vertiv by 12.6% in the 4th quarter. Barclays PLC now owns 485,798 shares of the company’s stock worth $55,192,000 after acquiring an additional 54,212 shares during the last quarter. Finally, BTG Pactual Asset Management US LLC boosted its stake in shares of Vertiv by 18.3% in the 4th quarter. BTG Pactual Asset Management US LLC now owns 2,919 shares of the company’s stock valued at $332,000 after purchasing an additional 451 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. JPMorgan Chase & Co. lowered their price target on shares of Vertiv from $132.00 to $100.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. The Goldman Sachs Group dropped their target price on Vertiv from $135.00 to $85.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Roth Mkm initiated coverage on Vertiv in a research note on Tuesday, April 8th. They issued a “buy” rating and a $75.00 price target on the stock. Barclays lowered their price objective on Vertiv from $100.00 to $90.00 and set an “equal weight” rating for the company in a research report on Friday, April 4th. Finally, Fox Advisors started coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating on the stock. Four research 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $121.94.

Vertiv Price Performance

VRT stock opened at $71.41 on Tuesday. The firm has a 50-day moving average of $88.22 and a 200 day moving average of $109.37. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The company has a market cap of $27.19 billion, a P/E ratio of 55.79, a PEG ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a 1 year low of $53.60 and a 1 year high of $155.84.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, February 12th. The company reported $0.99 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 previous year, the firm posted $0.56 earnings per share. On average, sell-side analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were given a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date was Tuesday, March 18th. Vertiv’s dividend payout ratio is presently 11.72%.

About Vertiv

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.