Virtu Financial LLC Takes $5.14 Million Position in Vertiv Holdings Co (NYSE:VRT)

Virtu Financial LLC bought a new stake in shares of Vertiv Holdings Co (NYSE:VRT) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 45,259 shares of the company’s stock, valued at approximately $5,142,000.

A number of other large investors have also recently modified their holdings of VRT. Jennison Associates LLC boosted its stake 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 valued at $880,971,000 after purchasing an additional 3,153,932 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Vertiv by 271.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock valued at $389,548,000 after purchasing an additional 2,860,181 shares in the last quarter. Castle Hook Partners LP boosted its stake in shares of Vertiv by 215.6% during the 3rd quarter. Castle Hook Partners LP now owns 1,864,426 shares of the company’s stock valued at $185,492,000 after purchasing an additional 1,273,746 shares in the last quarter. Whale Rock Capital Management LLC bought a new stake in shares of Vertiv during the 3rd quarter valued at about $110,517,000. Finally, Blue Whale Capital LLP bought a new stake in shares of Vertiv during the 3rd quarter valued at about $93,481,000. Institutional investors own 89.92% of the company’s stock.

Analyst Ratings Changes

VRT has been the topic of a number of research reports. Morgan Stanley started coverage on shares of Vertiv in a research note on Monday, January 6th. They set an “overweight” rating and a $150.00 target price on the stock. Fox Advisors started coverage on shares of Vertiv in a research note on Monday, January 6th. They set an “equal weight” rating on the stock. Citigroup boosted their price objective 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. Royal Bank of Canada started 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. Finally, Evercore ISI dropped their price objective on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Vertiv currently has an average rating of “Moderate Buy” and an average price target of $136.07.

Vertiv Stock Down 0.6 %

VRT opened at $88.58 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The firm has a 50 day moving average price of $107.46 and a 200-day moving average price of $110.91. Vertiv Holdings Co has a twelve month low of $62.40 and a twelve month high of $155.84. The stock has a market capitalization of $33.73 billion, a price-to-earnings ratio of 69.20, a PEG ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share 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 quarter in the previous year, the business earned $0.56 earnings per share. Equities research analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.0375 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.17%. 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.