Caisse DE Depot ET Placement DU Quebec Buys New Shares in Vertiv Holdings Co (NYSE:VRT)

Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 122,780 shares of the company's stock, valued at approximately $13,949,000.

Several other large investors have also recently made changes to their positions in VRT. Barclays PLC lifted its position in Vertiv by 51.4% during 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 during the last quarter. World Investment Advisors LLC bought a new stake in shares of Vertiv in the 3rd quarter valued at approximately $1,230,000. Wilmington Savings Fund Society FSB bought a new position in shares of Vertiv during the 3rd quarter valued at approximately $584,000. B. Riley Wealth Advisors Inc. raised 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 valued at $660,000 after buying an additional 1,021 shares during the period. Finally, Principal Financial Group Inc. lifted its position in Vertiv by 430.5% in the third quarter. Principal Financial Group Inc. now owns 165,557 shares of the company's stock worth $16,471,000 after buying an additional 134,349 shares during the last quarter. 89.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on VRT shares. Citigroup reduced their target price on shares of Vertiv from $153.00 to $98.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Royal Bank of Canada began coverage on shares of Vertiv in a research note on Friday, March 7th. They issued an "outperform" rating and a $121.00 price objective for the company. Barclays cut their target price on Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a research note on Friday, April 4th. Roth Mkm initiated coverage on Vertiv in a research note on Tuesday, April 8th. They set a "buy" rating and a $75.00 price target for the company. Finally, Evercore ISI cut their price objective on Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a research report on Friday, January 17th. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Vertiv has a consensus rating of "Moderate Buy" and a consensus target price of $120.38.

Vertiv Stock Down 0.3 %

Shares of VRT traded down $0.29 during trading hours on Monday, hitting $94.71. The company had a trading volume of 6,237,088 shares, compared to its average volume of 8,987,546. Vertiv Holdings Co has a one year low of $53.60 and a one year high of $155.84. The company's fifty day moving average price is $80.14 and its two-hundred day moving average price is $106.78. The company has a market capitalization of $36.06 billion, a PE ratio of 73.99, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The firm had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the business posted $0.43 EPS. Vertiv's revenue was up 24.2% on a year-over-year basis. As a group, equities analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal 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 paid a dividend of $0.0375 per share. 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%.

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.