5,164 Shares in Vertiv Holdings Co (NYSE:VRT) Purchased by Aristeia Capital L.L.C.

Aristeia Capital L.L.C. bought a new stake in Vertiv Holdings Co (NYSE:VRT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 5,164 shares of the company's stock, valued at approximately $587,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA bought a new position in shares of Vertiv in the 4th quarter worth $597,379,000. Norges Bank bought a new position in Vertiv during the fourth quarter worth about $391,777,000. Jennison Associates LLC grew 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 buying an additional 3,153,932 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Vertiv by 136.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company's stock valued at $379,101,000 after acquiring an additional 1,928,275 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Vertiv by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock valued at $4,130,415,000 after acquiring an additional 1,244,780 shares during the period. 89.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on VRT shares. JPMorgan Chase & Co. lowered their target price on shares of Vertiv from $132.00 to $100.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Morgan Stanley lowered their price objective on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Roth Mkm started coverage on Vertiv in a report on Tuesday, April 8th. They set a "buy" rating and a $75.00 target price on the stock. Barclays dropped their price target on Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a research report on Friday, April 4th. Finally, Royal Bank of Canada initiated coverage on shares of Vertiv in a research report on Friday, March 7th. They set an "outperform" rating and a $121.00 price objective for the company. Five investment 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 company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $120.38.

Vertiv Stock Performance

Shares of Vertiv stock traded down $0.29 on Monday, hitting $94.71. The stock had a trading volume of 6,237,088 shares, compared to its average volume of 8,987,551. The stock has a market cap of $36.06 billion, a price-to-earnings ratio of 73.99, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70. The business's 50 day moving average is $80.14 and its two-hundred day moving average is $106.78. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. Vertiv Holdings Co has a twelve month low of $53.60 and a twelve month high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the firm earned $0.43 earnings per share. The company's revenue was up 24.2% on a year-over-year basis. Analysts forecast 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. Stockholders of record on Tuesday, March 18th were given a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.16%. Vertiv's payout ratio is 8.72%.

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.