Hartree Partners LP Acquires New Stake in Vertiv Holdings Co (NYSE:VRT)

Hartree Partners LP purchased a new position in shares of Vertiv Holdings Co (NYSE:VRT) in the fourth quarter, HoldingsChannel reports. The fund purchased 7,750 shares of the company’s stock, valued at approximately $880,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Algert Global LLC bought a new stake in Vertiv during the third quarter worth $518,000. Larson Financial Group LLC boosted its holdings in shares of Vertiv by 232.9% during the 3rd quarter. Larson Financial Group LLC now owns 839 shares of the company’s stock worth $83,000 after buying an additional 587 shares during the period. Bank of Montreal Can grew its stake in Vertiv by 30.5% in the 3rd quarter. Bank of Montreal Can now owns 204,281 shares of the company’s stock valued at $20,103,000 after buying an additional 47,750 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Vertiv by 25.5% during the third quarter. The Manufacturers Life Insurance Company now owns 38,306 shares of the company’s stock worth $3,811,000 after acquiring an additional 7,783 shares during the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of Vertiv during the third quarter worth approximately $30,000. Institutional investors own 89.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on VRT. Morgan Stanley began coverage on Vertiv in a report on Monday, January 6th. They set an “overweight” rating and a $150.00 target price for the company. 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. Evercore ISI dropped their price objective on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Royal Bank of Canada assumed coverage on Vertiv in a research report on Friday, March 7th. They issued an “outperform” rating and a $121.00 target price on the stock. Finally, Barclays dropped their target price on shares of Vertiv from $111.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $135.33.

Vertiv Price Performance

VRT opened at $74.32 on Friday. 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 firm’s fifty day moving average price is $102.74 and its two-hundred day moving average price is $111.48. Vertiv Holdings Co has a 1 year low of $62.40 and a 1 year high of $155.84. The company has a market capitalization of $28.30 billion, a price-to-earnings 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 data 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 net margin of 6.19% and a return on equity of 61.41%. During the same period last year, the business posted $0.56 earnings per share. As a group, analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal 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 dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.20%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv’s dividend payout ratio is presently 11.72%.

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.