Aquatic Capital Management LLC Has $24.49 Million Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Aquatic Capital Management LLC lifted its stake in Vertiv Holdings Co (NYSE:VRT - Free Report) by 448.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 215,539 shares of the company's stock after purchasing an additional 176,239 shares during the period. Aquatic Capital Management LLC owned 0.06% of Vertiv worth $24,487,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of VRT. Barclays PLC increased its holdings in shares of Vertiv by 51.4% in the third quarter. Barclays PLC now owns 431,586 shares of the company's stock valued at $42,940,000 after purchasing an additional 146,463 shares in the last quarter. World Investment Advisors LLC acquired a new stake in Vertiv during the 3rd quarter worth $1,230,000. Wilmington Savings Fund Society FSB acquired a new stake in Vertiv during the 3rd quarter worth $584,000. Blankinship & Foster LLC acquired a new stake in Vertiv during the 3rd quarter worth $8,798,000. Finally, B. Riley Wealth Advisors Inc. grew its holdings in Vertiv by 18.6% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 6,502 shares of the company's stock worth $660,000 after acquiring an additional 1,021 shares during the period. Institutional investors and hedge funds own 89.92% of the company's stock.

Analyst Ratings Changes

VRT has been the subject of a number of analyst reports. Melius lowered shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 target price for the company. in a report on Tuesday, January 28th. Citigroup decreased their price target on shares of Vertiv from $153.00 to $98.00 and set a "buy" rating for the company in a report on Monday, April 14th. Barclays decreased their price target on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a report on Friday, April 4th. Cowen reaffirmed a "buy" rating on shares of Vertiv in a research report on Thursday, April 24th. Finally, Morgan Stanley cut their price objective on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $120.38.

Vertiv Stock Performance

NYSE:VRT traded down $2.07 during mid-day trading on Wednesday, hitting $84.12. 4,197,648 shares of the stock were exchanged, compared to its average volume of 8,937,122. The stock has a market capitalization of $32.03 billion, a price-to-earnings ratio of 65.72, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The firm's 50-day simple moving average is $80.26 and its 200 day simple moving average is $107.24. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. Vertiv Holdings Co has a fifty-two week low of $53.60 and a fifty-two week high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.02. The business had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $1.94 billion. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The firm's revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period last year, the firm posted $0.43 EPS. As a group, equities analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were issued a $0.0375 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.18%. Vertiv's dividend payout ratio is presently 8.72%.

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.