Vertiv Holdings Co (NYSE:VRT) Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 11.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 279,053 shares of the company's stock after purchasing an additional 29,559 shares during the quarter. Hsbc Holdings PLC owned about 0.07% of Vertiv worth $31,813,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in VRT. Massachusetts Financial Services Co. MA purchased a new position in shares of Vertiv during the 4th quarter worth approximately $597,379,000. Norges Bank purchased a new position in Vertiv during the fourth quarter worth $391,777,000. Jennison Associates LLC raised its holdings in shares of Vertiv by 68.6% in the fourth quarter. Jennison Associates LLC now owns 7,754,347 shares of the company's stock worth $880,971,000 after acquiring an additional 3,153,932 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Vertiv by 136.9% in the fourth 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 in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Vertiv by 3.5% during the fourth 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 last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Vertiv Stock Down 2.3 %

Vertiv stock traded down $2.02 during midday trading on Wednesday, hitting $84.17. 3,207,973 shares of the stock were exchanged, compared to its average volume of 11,177,939. Vertiv Holdings Co has a 1 year low of $53.60 and a 1 year high of $155.84. The company has a 50 day moving average price of $80.26 and a two-hundred day moving average price of $107.24. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The firm has a market cap of $32.05 billion, a P/E ratio of 65.63, a P/E/G ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analyst estimates of $1.94 billion. During the same quarter in the previous year, the firm earned $0.43 earnings per share. The business's revenue was up 24.2% compared to the same quarter last year. On average, sell-side analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.18%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv's dividend payout ratio is presently 8.72%.

Analyst Upgrades and Downgrades

VRT has been the subject of a number of recent research reports. Melius downgraded shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price target for the company. in a report on Tuesday, January 28th. Evercore ISI lowered their price objective on Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a research report on Friday, January 17th. Barclays lowered their price target on Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a report on Friday, April 4th. Royal Bank of Canada initiated coverage on shares of Vertiv in a report on Friday, March 7th. They issued an "outperform" rating and a $121.00 target price for the company. Finally, Morgan Stanley cut their price target on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $120.38.

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.