Vertiv Holdings Co (NYSE:VRT) Shares Bought by Baldwin Investment Management LLC

Baldwin Investment Management LLC boosted its holdings in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 66.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,538 shares of the company's stock after purchasing an additional 13,029 shares during the period. Baldwin Investment Management LLC's holdings in Vertiv were worth $3,697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Vertiv by 3.5% during 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 during the period. Jennison Associates LLC increased its position 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 valued at $880,971,000 after buying an additional 3,153,932 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Vertiv by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company's stock worth $688,260,000 after buying an additional 99,181 shares during the period. Massachusetts Financial Services Co. MA purchased a new position in shares of Vertiv during the 4th quarter valued at approximately $597,379,000. Finally, Wellington Management Group LLP grew its stake in Vertiv by 25.3% in 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 period. 89.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on VRT shares. KGI Securities started coverage on shares of Vertiv in a report on Thursday, April 24th. They set a "hold" rating on the stock. Citigroup lowered their price objective on Vertiv from $153.00 to $98.00 and set a "buy" rating on the stock in a report on Monday, April 14th. The Goldman Sachs Group decreased their target price on Vertiv from $135.00 to $85.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Roth Mkm initiated coverage on Vertiv in a research report on Tuesday, April 8th. They set a "buy" rating and a $75.00 price target for the company. Finally, Fox Advisors initiated coverage on Vertiv in a research note on Monday, January 6th. They issued an "equal weight" rating for the company. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Vertiv currently has an average rating of "Moderate Buy" and a consensus price target of $120.38.

Vertiv Trading Down 1.3 %

Vertiv stock traded down $1.26 during mid-day trading on Tuesday, hitting $93.57. The company's stock had a trading volume of 6,717,636 shares, compared to its average volume of 8,991,710. Vertiv Holdings Co has a 1 year low of $53.60 and a 1 year high of $155.84. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $35.63 billion, a PE ratio of 73.10, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70. The stock's fifty day moving average is $80.07 and its two-hundred day moving average is $106.66.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data 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 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 the consensus estimate of $1.94 billion. During the same period last year, the company earned $0.43 EPS. The company's quarterly revenue was up 24.2% on a year-over-year basis. On average, analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were given a dividend of $0.0375 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.16%. 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.