Caxton Associates LP Makes New Investment in Vertiv Holdings Co (NYSE:VRT)

Caxton Associates LP acquired a new position in Vertiv Holdings Co (NYSE:VRT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,247 shares of the company's stock, valued at approximately $483,000.

Other large investors have also made changes to their positions in the company. Barclays PLC raised its position in shares of Vertiv by 51.4% in the 3rd 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. Principal Financial Group Inc. increased its holdings in Vertiv by 430.5% in the third quarter. Principal Financial Group Inc. now owns 165,557 shares of the company's stock valued at $16,471,000 after buying an additional 134,349 shares in the last quarter. Diversified Trust Co raised its holdings in Vertiv by 0.4% in the 4th quarter. Diversified Trust Co now owns 32,688 shares of the company's stock worth $3,714,000 after purchasing an additional 123 shares during the period. Fulton Bank N.A. raised its stake in shares of Vertiv by 6.6% during the 4th quarter. Fulton Bank N.A. now owns 3,252 shares of the company's stock worth $369,000 after buying an additional 201 shares during the period. Finally, First Hawaiian Bank lifted its holdings in Vertiv by 56.5% during the fourth quarter. First Hawaiian Bank now owns 3,447 shares of the company's stock valued at $392,000 after purchasing an additional 1,244 shares in the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VRT has been the subject of several research reports. Barclays dropped their price target 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. Cowen reissued a "buy" rating on shares of Vertiv in a research report on Thursday, April 24th. Melius Research restated a "hold" rating and set a $125.00 price target on shares of Vertiv in a research report on Tuesday, January 28th. Morgan Stanley cut their price objective on Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Finally, The Goldman Sachs Group lowered their target price on Vertiv from $135.00 to $85.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $120.38.

Vertiv Trading Up 2.2 %

NYSE:VRT opened at $95.57 on Thursday. 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 1 year low of $53.60 and a 1 year high of $155.84. The stock has a market cap of $36.39 billion, a P/E ratio of 74.66, a P/E/G ratio of 1.07 and a beta of 1.70. The stock has a 50-day simple moving average of $80.10 and a 200-day simple moving average of $106.50.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data 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. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The business had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the firm earned $0.43 EPS. The company's revenue was up 24.2% compared to the same quarter last year. As a group, analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders 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 yield of 0.16%. Vertiv's payout ratio is currently 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.

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