Vertiv Holdings Co (NYSE:VRT) Shares Sold by DigitalBridge Group Inc.

DigitalBridge Group Inc. lessened its holdings in Vertiv Holdings Co (NYSE:VRT - Free Report) by 23.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 230,403 shares of the company's stock after selling 70,084 shares during the period. Vertiv makes up 1.9% of DigitalBridge Group Inc.'s investment portfolio, making the stock its 20th largest position. DigitalBridge Group Inc. owned 0.06% of Vertiv worth $26,176,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Massachusetts Financial Services Co. MA purchased a new position in shares of Vertiv during the fourth quarter worth $597,379,000. Norges Bank acquired a new position in Vertiv during the 4th quarter worth about $391,777,000. Jennison Associates LLC boosted its holdings in Vertiv by 68.6% during 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 during the period. Arrowstreet Capital Limited Partnership grew 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. increased its stake 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 period. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VRT has been the subject of a number of research reports. Morgan Stanley dropped their price objective on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Barclays cut their price objective on Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a research report on Friday, April 4th. Evercore ISI decreased their target price on Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a report on Friday, January 17th. KGI Securities assumed coverage on Vertiv in a report on Thursday, April 24th. They set a "hold" rating on the stock. Finally, The Goldman Sachs Group decreased their price objective on Vertiv from $135.00 to $85.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Five research 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 stock. Based on data from MarketBeat.com, Vertiv currently has a consensus rating of "Moderate Buy" and an average target price of $120.38.

Vertiv Stock Down 1.3 %

Vertiv stock opened at $93.57 on Wednesday. The stock has a 50-day simple moving average of $80.09 and a 200-day simple moving average of $106.57. The company has a market capitalization of $35.63 billion, a P/E ratio of 73.10, a PEG ratio of 1.07 and a beta of 1.70. 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 fifty-two week low of $53.60 and a fifty-two week high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.43 EPS. Equities research analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

The business also recently disclosed 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. This represents a $0.15 annualized dividend and a yield of 0.16%. The ex-dividend date was Tuesday, March 18th. Vertiv's dividend payout ratio is presently 8.72%.

Vertiv Company Profile

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.

Want to see what other hedge funds are holding VRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vertiv Holdings Co (NYSE:VRT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.