Vertiv Holdings Co (NYSE:VRT) Shares Bought by Pinebridge Investments L.P.

Pinebridge Investments L.P. lifted its position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 500.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 40,568 shares of the company's stock after purchasing an additional 33,811 shares during the quarter. Pinebridge Investments L.P.'s holdings in Vertiv were worth $4,609,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Silverleafe Capital Partners LLC purchased a new stake in shares of Vertiv during the 4th quarter valued at about $4,219,000. Foundations Investment Advisors LLC raised its stake in shares of Vertiv by 7.9% during the fourth quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company's stock valued at $21,076,000 after purchasing an additional 13,559 shares during the period. Empowered Funds LLC lifted its position in shares of Vertiv by 67.0% during the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company's stock worth $1,043,000 after purchasing an additional 3,682 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Vertiv by 3,417.9% in the fourth quarter. Nordea Investment Management AB now owns 964,104 shares of the company's stock valued at $110,544,000 after purchasing an additional 936,698 shares during the period. Finally, Register Financial Advisors LLC acquired a new stake in Vertiv during the 4th quarter valued at $217,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on VRT shares. Roth Mkm assumed coverage on shares of Vertiv in a report on Tuesday, April 8th. They issued a "buy" rating and a $75.00 price objective on the stock. Melius Research reiterated a "hold" rating and issued a $125.00 price target on shares of Vertiv in a research note on Tuesday, January 28th. Citigroup lowered their price objective on Vertiv from $153.00 to $98.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Fox Advisors assumed coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an "equal weight" rating for the company. Finally, Barclays cut their price target on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a report on Friday, April 4th. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $120.38.

Vertiv Stock Performance

NYSE:VRT traded down $1.97 during midday trading on Wednesday, reaching $84.22. 3,207,973 shares of the company traded hands, compared to its average volume of 8,933,157. 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 capitalization of $32.07 billion, a price-to-earnings ratio of 65.63, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a twelve month low of $53.60 and a twelve month high of $155.84. The company has a fifty day moving average price of $80.26 and a 200 day moving average price of $107.24.

Vertiv (NYSE:VRT - Get Free Report) last posted 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 firm 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%. Vertiv's quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.43 EPS. On average, analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

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