Zimmer Partners LP Has $5.68 Million Position in Vertiv Holdings Co (NYSE:VRT)

Zimmer Partners LP increased its holdings in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 42.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 50,000 shares of the company's stock after acquiring an additional 15,000 shares during the period. Zimmer Partners LP's holdings in Vertiv were worth $5,680,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its stake 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 buying an additional 1,244,780 shares during the period. Jennison Associates LLC lifted 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 purchasing an additional 3,153,932 shares during the last quarter. Geode Capital Management LLC increased its stake in Vertiv by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company's stock valued at $688,260,000 after purchasing an additional 99,181 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in Vertiv in the fourth quarter valued at approximately $597,379,000. Finally, Wellington Management Group LLP raised its stake in Vertiv by 25.3% during the 4th quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company's stock valued at $557,349,000 after acquiring an additional 990,361 shares during the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Vertiv news, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $94.33, for a total value of $518,815.00. Following the transaction, the insider now owns 18,847 shares in the company, valued at $1,777,837.51. The trade was a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.63% of the company's stock.

Vertiv Trading Up 0.5%

NYSE:VRT traded up $0.55 on Thursday, reaching $104.16. The company's stock had a trading volume of 3,785,621 shares, compared to its average volume of 8,990,812. The business's 50-day moving average price is $83.90 and its two-hundred day moving average price is $105.96. Vertiv Holdings Co has a 1-year low of $53.60 and a 1-year high of $155.84. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The firm has a market cap of $39.70 billion, a PE ratio of 81.38, a PEG ratio of 1.07 and a beta of 1.70.

Vertiv (NYSE:VRT - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $0.64 EPS 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 net margin of 6.19% and a return on equity of 61.41%. The firm's revenue was up 24.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.43 earnings per share. Equities research analysts anticipate 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 given a $0.0375 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. Vertiv's payout ratio is 8.72%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Citigroup dropped their target price 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. Morgan Stanley decreased 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. Barclays lowered 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. Melius lowered 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. Finally, Royal Bank of Canada assumed coverage on Vertiv in a report on Friday, March 7th. They set an "outperform" rating and a $121.00 price objective on the stock. Five 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, the stock has an average rating of "Moderate Buy" and a consensus price target of $122.06.

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.