Vertiv Holdings Co (NYSE:VRT) Shares Bought by Grandeur Peak Global Advisors LLC

Grandeur Peak Global Advisors LLC lifted its position in shares of Vertiv Holdings Co (NYSE:VRT) by 62.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,916 shares of the company’s stock after buying an additional 9,185 shares during the period. Grandeur Peak Global Advisors LLC’s holdings in Vertiv were worth $2,717,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Vertiv by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company’s stock worth $4,130,415,000 after acquiring an additional 1,244,780 shares during the last quarter. Jennison Associates LLC increased its position in shares of Vertiv by 68.6% during the 4th quarter. Jennison Associates LLC now owns 7,754,347 shares of the company’s stock worth $880,971,000 after purchasing an additional 3,153,932 shares during the last quarter. Geode Capital Management LLC raised its holdings in Vertiv by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company’s stock valued at $688,260,000 after buying an additional 99,181 shares during the period. Massachusetts Financial Services Co. MA acquired a new position in Vertiv in the fourth quarter valued at about $597,379,000. Finally, Wellington Management Group LLP boosted its stake in Vertiv by 25.3% during the fourth quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company’s stock worth $557,349,000 after buying an additional 990,361 shares during the period. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Royal Bank of Canada began coverage on shares of Vertiv in a report on Friday, March 7th. They issued an “outperform” rating and a $121.00 price objective on the stock. Barclays dropped their target price 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. Roth Mkm began coverage on shares of Vertiv in a research note on Tuesday. They issued a “buy” rating and a $75.00 price objective for the company. Melius downgraded shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a research note on Tuesday, January 28th. Finally, Fox Advisors began coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating for the company. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $125.50.

Vertiv Trading Up 2.4 %

Shares of Vertiv stock opened at $69.39 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 fifty day simple moving average of $89.17 and a 200-day simple moving average of $109.50. The stock has a market cap of $26.42 billion, a price-to-earnings ratio of 54.21, a PEG ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a 12-month low of $53.60 and a 12-month high of $155.84.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, topping 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 quarter last year, the business earned $0.56 EPS. On average, equities analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv’s dividend payout ratio is currently 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.