Vertiv Holdings Co (NYSE:VRT) Shares Bought by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership grew its stake in Vertiv Holdings Co (NYSE:VRT) by 136.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,336,862 shares of the company’s stock after purchasing an additional 1,928,275 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.89% of Vertiv worth $379,101,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. SOA Wealth Advisors LLC. acquired a new stake in Vertiv in the 4th quarter worth about $26,000. Brooklyn Investment Group acquired a new stake in shares of Vertiv in the third quarter worth approximately $30,000. Mark Sheptoff Financial Planning LLC increased its position in shares of Vertiv by 200.0% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares in the last quarter. OLD Second National Bank of Aurora acquired a new position in Vertiv in the 4th quarter valued at $30,000. Finally, Tradewinds Capital Management LLC lifted its holdings in Vertiv by 61.3% in the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after purchasing an additional 111 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Trading Down 2.6 %

NYSE VRT opened at $74.32 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The stock has a market capitalization of $28.30 billion, a P/E ratio of 58.06, a PEG ratio of 1.07 and a beta of 1.71. The firm’s 50-day moving average is $102.74 and its two-hundred day moving average is $111.48. Vertiv Holdings Co has a 12 month low of $62.40 and a 12 month high of $155.84.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 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 company posted $0.56 EPS. On average, sell-side analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were paid a $0.0375 dividend. 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 0.20%. Vertiv’s payout ratio is presently 11.72%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Evercore ISI dropped their target price on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Barclays cut their price objective on shares of Vertiv from $111.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday. Melius cut Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a report on Tuesday, January 28th. Fox Advisors began coverage on Vertiv in a report on Monday, January 6th. They issued an “equal weight” rating for the company. Finally, Melius Research reissued a “hold” rating and set a $125.00 price objective on shares of Vertiv in a research note on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $135.33.

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.