Bwcp LP decreased its holdings in Vertiv Holdings Co (NYSE:VRT - Free Report) by 35.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 194,220 shares of the company's stock after selling 108,426 shares during the quarter. Vertiv accounts for about 4.7% of Bwcp LP's holdings, making the stock its 10th biggest holding. Bwcp LP owned about 0.05% of Vertiv worth $22,065,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in VRT. Vanguard Group Inc. raised its holdings in Vertiv by 3.5% in 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 in the last quarter. Jennison Associates LLC lifted its position in shares of Vertiv by 68.6% during the 4th quarter. Jennison Associates LLC now owns 7,754,347 shares of the company's stock worth $880,971,000 after purchasing an additional 3,153,932 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Vertiv by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company's stock worth $688,260,000 after purchasing an additional 99,181 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new position in shares of Vertiv during the 4th quarter worth about $597,379,000. Finally, Wellington Management Group LLP increased its holdings in shares of 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 last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.
Vertiv Price Performance
Shares of NYSE:VRT traded up $2.46 on Friday, reaching $95.01. 9,123,436 shares of the company were exchanged, compared to its average volume of 8,998,585. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. 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 of $80.14 and a 200-day moving average of $106.84. The firm has a market cap of $36.18 billion, a price-to-earnings ratio of 74.23, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71.
Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The company's revenue for the quarter was up 24.2% on a year-over-year basis. During the same period last year, the firm earned $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 company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were given a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv's dividend payout ratio is currently 8.72%.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the company. Cowen reaffirmed a "buy" rating on shares of Vertiv in a report on Thursday, April 24th. Fox Advisors initiated coverage on shares of Vertiv in a research note on Monday, January 6th. They set an "equal weight" rating on the stock. Roth Mkm began coverage on Vertiv in a report on Tuesday, April 8th. They set a "buy" rating and a $75.00 price objective on the stock. JPMorgan Chase & Co. cut their price target on Vertiv from $132.00 to $100.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Evercore ISI decreased their price objective on Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a report on Friday, January 17th. 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's stock. Based on data from MarketBeat.com, Vertiv currently has a consensus rating of "Moderate Buy" and a consensus target price of $120.38.
Check Out Our Latest Report on VRT
About Vertiv
(
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.
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