Brevan Howard Capital Management LP Makes New Investment in Vertiv Holdings Co (NYSE:VRT)

Brevan Howard Capital Management LP acquired a new stake in Vertiv Holdings Co (NYSE:VRT - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 13,336 shares of the company's stock, valued at approximately $1,515,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. SOA Wealth Advisors LLC. purchased a new stake in Vertiv in the fourth quarter valued at $26,000. OLD Second National Bank of Aurora purchased a new stake in shares of Vertiv in the fourth quarter worth about $30,000. Tradewinds Capital Management LLC grew its holdings in Vertiv by 61.3% during the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock worth $33,000 after acquiring an additional 111 shares during the period. FNY Investment Advisers LLC purchased a new position in Vertiv during the fourth quarter valued at approximately $34,000. Finally, Pittenger & Anderson Inc. lifted its holdings in Vertiv by 92.0% in the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock valued at $36,000 after acquiring an additional 150 shares during the period. Institutional investors and hedge funds own 89.92% of the company's stock.

Wall Street Analysts Forecast Growth

VRT has been the subject of several analyst reports. Melius cut shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 target price for the company. in a research note on Tuesday, January 28th. JPMorgan Chase & Co. lowered their target price on shares of Vertiv from $132.00 to $100.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley cut their price target on Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Evercore ISI lowered their price target on Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a research report on Friday, January 17th. Finally, Barclays cut their price objective on Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a research report on Friday, April 4th. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $120.38.

Vertiv Stock Down 1.3 %

VRT stock opened at $93.57 on Wednesday. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The firm has a 50-day moving average of $80.09 and a two-hundred day moving average of $106.57. Vertiv Holdings Co has a 12 month low of $53.60 and a 12 month high of $155.84. The company has a market cap of $35.63 billion, a price-to-earnings ratio of 73.10, a PEG ratio of 1.07 and a beta of 1.70.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. The firm 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 business's revenue for the quarter was up 24.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.43 earnings per share. As a group, analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were given a dividend of $0.0375 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.16%. Vertiv's payout ratio is 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.

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