Vertiv Holdings Co (NYSE:VRT) Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA cut its holdings in Vertiv Holdings Co (NYSE:VRT) by 18.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,441,674 shares of the company’s stock after selling 326,199 shares during the period. Pictet Asset Management Holding SA’s holdings in Vertiv were worth $163,789,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Nomura Asset Management Co. Ltd. grew its position in shares of Vertiv by 8.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 303,717 shares of the company’s stock valued at $34,505,000 after purchasing an additional 22,733 shares during the last quarter. New Age Alpha Advisors LLC lifted its stake in Vertiv by 20.5% in the 4th quarter. New Age Alpha Advisors LLC now owns 30,000 shares of the company’s stock valued at $3,408,000 after buying an additional 5,100 shares in the last quarter. Norges Bank acquired a new stake in Vertiv during the 4th quarter valued at $391,777,000. Blair William & Co. IL increased its position in Vertiv by 979.8% during the fourth quarter. Blair William & Co. IL now owns 74,158 shares of the company’s stock worth $8,425,000 after buying an additional 67,290 shares in the last quarter. Finally, NEOS Investment Management LLC acquired a new position in shares of Vertiv in the fourth quarter worth $539,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Vertiv Stock Performance

Shares of VRT stock opened at $74.32 on Friday. The company has a market cap of $28.30 billion, a PE ratio of 58.06, a P/E/G ratio of 1.07 and a beta of 1.71. The company’s fifty day simple moving average is $102.74 and its 200-day simple moving average is $111.23. Vertiv Holdings Co has a 52 week low of $62.40 and a 52 week high of $155.84. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19.

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

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.20%. The ex-dividend date was Tuesday, March 18th. Vertiv’s dividend payout ratio (DPR) is 11.72%.

Analyst Ratings Changes

A number of research firms recently commented on VRT. Barclays decreased their price objective on Vertiv from $111.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Melius Research reiterated a “hold” rating and set a $125.00 price target on shares of Vertiv in a report on Tuesday, January 28th. Royal Bank of Canada assumed coverage on shares of Vertiv in a research note on Friday, March 7th. They set an “outperform” rating and a $121.00 price objective on the stock. Citigroup lifted their target price on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Finally, Morgan Stanley began coverage on Vertiv in a research note on Monday, January 6th. They set an “overweight” rating and a $150.00 price target on the stock. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Vertiv presently has an average rating of “Moderate Buy” and an average target price of $135.33.

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.