Vertiv Holdings Co (NYSE:VRT) Stake Reduced by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership decreased its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 17.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 573,325 shares of the company’s stock after selling 121,951 shares during the period. Artisan Partners Limited Partnership’s holdings in Vertiv were worth $65,135,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in VRT. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Vertiv by 1.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 305,444 shares of the company’s stock worth $38,385,000 after buying an additional 3,975 shares during the last quarter. Worth Financial Advisory Group LLC bought a new stake in shares of Vertiv during the 4th quarter worth $225,000. Cottage Street Advisors LLC grew its holdings in shares of Vertiv by 51.7% in the 4th quarter. Cottage Street Advisors LLC now owns 14,665 shares of the company’s stock worth $1,666,000 after acquiring an additional 4,998 shares during the last quarter. Banco BTG Pactual S.A. acquired a new stake in shares of Vertiv during the fourth quarter worth $319,000. Finally, Ausdal Financial Partners Inc. lifted its holdings in shares of Vertiv by 18.2% during the fourth quarter. Ausdal Financial Partners Inc. now owns 3,053 shares of the company’s stock valued at $347,000 after purchasing an additional 469 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Wall Street Analyst Weigh In

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

Vertiv Stock Down 6.3 %

VRT opened at $76.44 on Friday. The company has a market capitalization of $29.11 billion, a PE ratio of 59.72, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The business has a 50-day moving average of $103.98 and a 200-day moving average of $111.23. Vertiv Holdings Co has a fifty-two week low of $62.40 and a fifty-two week high of $155.84. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) 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 period in the previous year, the firm earned $0.56 earnings per share. Equities research analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.20%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv’s payout ratio is 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.