Alyeska Investment Group L.P. cut its holdings in Vertiv Holdings Co (NYSE:VRT - Free Report) by 63.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 592,941 shares of the company's stock after selling 1,027,670 shares during the quarter. Alyeska Investment Group L.P. owned 0.16% of Vertiv worth $67,364,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Massachusetts Financial Services Co. MA acquired a new position in Vertiv during the fourth quarter worth about $597,379,000. Norges Bank purchased a new stake in shares of Vertiv during the 4th quarter worth approximately $391,777,000. Jennison Associates LLC grew its holdings in shares of Vertiv by 68.6% in the 4th 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 period. Arrowstreet Capital Limited Partnership increased its stake 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 purchasing an additional 1,928,275 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Vertiv by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock worth $4,130,415,000 after purchasing an additional 1,244,780 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.
Vertiv Stock Performance
Shares of Vertiv stock opened at $95.01 on Friday. The firm has a market cap of $36.18 billion, a PE ratio of 74.23, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a 1 year low of $53.60 and a 1 year high of $155.84. The firm's 50-day simple moving average is $80.14 and its 200-day simple moving average is $106.87. 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 (NYSE:VRT - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. The company had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. Vertiv's quarterly revenue was up 24.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.43 EPS. Equities analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.
Vertiv Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were paid a dividend of $0.0375 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.16%. Vertiv's payout ratio is 8.72%.
Analyst Upgrades and Downgrades
Several research firms have weighed in on VRT. The Goldman Sachs Group lowered their target price on Vertiv from $135.00 to $85.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Melius cut shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price objective on the stock. in a research note on Tuesday, January 28th. Barclays cut their target price on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a research report on Friday, April 4th. Royal Bank of Canada began coverage on shares of Vertiv in a research report on Friday, March 7th. They issued an "outperform" rating and a $121.00 price target on the stock. Finally, Citigroup cut their price objective on Vertiv from $153.00 to $98.00 and set a "buy" rating for the company in a research report on Monday, April 14th. 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $120.38.
View Our Latest Stock Report on VRT
Vertiv Company Profile
(
Free Report)
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.
Further Reading
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