10,650 Shares in Vertiv Holdings Co (NYSE:VRT) Acquired by Shorepoint Capital Partners LLC

Shorepoint Capital Partners LLC purchased a new stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 10,650 shares of the company's stock, valued at approximately $1,210,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of VRT. Massachusetts Financial Services Co. MA purchased a new stake in shares of Vertiv in the 4th quarter worth approximately $597,379,000. Norges Bank purchased a new stake in shares of Vertiv in the 4th quarter worth approximately $391,777,000. Jennison Associates LLC lifted its position in Vertiv by 68.6% in the 4th quarter. Jennison Associates LLC now owns 7,754,347 shares of the company's stock valued at $880,971,000 after acquiring an additional 3,153,932 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Vertiv by 136.9% in the 4th 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. lifted its position in 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 acquiring an additional 1,244,780 shares in the last quarter. Institutional investors own 89.92% of the company's stock.

Vertiv Stock Up 8.3 %

Shares of VRT stock traded up $7.06 during trading hours on Thursday, reaching $92.44. The company had a trading volume of 11,127,843 shares, compared to its average volume of 8,957,820. 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 twelve month low of $53.60 and a twelve month high of $155.84. The company has a market capitalization of $35.20 billion, a P/E ratio of 72.28, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The stock's fifty day simple moving average is $80.05 and its 200 day simple moving average is $107.09.

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, beating analysts' consensus estimates of $0.62 by $0.02. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The firm had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the firm earned $0.43 EPS. Vertiv's quarterly revenue was up 24.2% on a year-over-year basis. As a group, sell-side analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were given a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a yield of 0.16%. Vertiv's dividend payout ratio is presently 8.72%.

Analyst Ratings Changes

VRT has been the subject of several analyst reports. KGI Securities initiated coverage on Vertiv in a research note on Thursday, April 24th. They issued a "hold" rating for the company. 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. JPMorgan Chase & Co. decreased their price target on Vertiv from $132.00 to $100.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Citigroup cut their price objective on Vertiv from $153.00 to $98.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Royal Bank of Canada assumed coverage on Vertiv in a research 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 given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $120.38.

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.