Vertiv Holdings Co (NYSE:VRT) Shares Acquired by Vinva Investment Management Ltd

Vinva Investment Management Ltd increased its position in Vertiv Holdings Co (NYSE:VRT) by 1.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 92,714 shares of the company’s stock after purchasing an additional 1,647 shares during the period. Vinva Investment Management Ltd’s holdings in Vertiv were worth $10,770,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Andar Capital Management HK Ltd acquired a new position in Vertiv in the fourth quarter worth about $1,182,000. Xponance Inc. lifted its holdings in Vertiv by 10.1% in the fourth quarter. Xponance Inc. now owns 68,683 shares of the company’s stock worth $7,803,000 after acquiring an additional 6,322 shares during the last quarter. Generali Asset Management SPA SGR bought a new position in Vertiv in the fourth quarter worth about $100,000. Horizon Investments LLC lifted its holdings in Vertiv by 21.9% in the fourth quarter. Horizon Investments LLC now owns 1,787 shares of the company’s stock worth $203,000 after acquiring an additional 321 shares during the last quarter. Finally, Petra Financial Advisors Inc. lifted its holdings in Vertiv by 2.2% in the fourth quarter. Petra Financial Advisors Inc. now owns 5,479 shares of the company’s stock worth $623,000 after acquiring an additional 119 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Price Performance

Shares of NYSE:VRT opened at $84.65 on Wednesday. Vertiv Holdings Co has a 12 month low of $62.40 and a 12 month high of $155.84. The stock has a market cap of $32.23 billion, a price-to-earnings ratio of 66.13, a PEG ratio of 1.07 and a beta of 1.71. The stock’s 50 day moving average price is $109.87 and its 200 day moving average price is $111.18. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.15. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. During the same period last year, the business earned $0.56 EPS. Equities research analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th will be given a $0.0375 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.18%. Vertiv’s dividend payout ratio (DPR) is 11.72%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. TD Cowen raised their target price on shares of Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Oppenheimer raised their target price on shares of Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Melius Research reissued a “hold” rating and issued a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. Barclays cut their target price on shares of Vertiv from $131.00 to $111.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. Finally, Citigroup raised their target price on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, Vertiv currently has an average rating of “Moderate Buy” and a consensus target price of $136.07.

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.