Vertiv Holdings Co (NYSE:VRT) Shares Sold by Swiss National Bank

Swiss National Bank decreased its position in Vertiv Holdings Co (NYSE:VRT) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,006,800 shares of the company’s stock after selling 48,800 shares during the quarter. Swiss National Bank owned 0.27% of Vertiv worth $114,383,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Silverleafe Capital Partners LLC acquired a new stake in Vertiv in the fourth quarter valued at approximately $4,219,000. Foundations Investment Advisors LLC raised its holdings in Vertiv by 7.9% in the fourth quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock valued at $21,076,000 after acquiring an additional 13,559 shares in the last quarter. Empowered Funds LLC raised its holdings in Vertiv by 67.0% in the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock valued at $1,043,000 after acquiring an additional 3,682 shares in the last quarter. Gordian Capital Singapore Pte Ltd raised its holdings in Vertiv by 112.5% in the third quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company’s stock valued at $846,000 after acquiring an additional 4,500 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in Vertiv by 3,417.9% in the fourth quarter. Nordea Investment Management AB now owns 964,104 shares of the company’s stock valued at $110,544,000 after acquiring an additional 936,698 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Stock Performance

Shares of VRT opened at $87.54 on Friday. The company’s 50 day simple moving average is $111.69 and its 200-day simple moving average is $110.68. Vertiv Holdings Co has a 12-month low of $62.40 and a 12-month high of $155.84. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The firm has a market cap of $33.33 billion, a PE ratio of 68.39, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates 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 posted $0.56 EPS. As a group, equities analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 18th will be given a $0.0375 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a yield of 0.17%. Vertiv’s dividend payout ratio (DPR) is 11.72%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on VRT shares. Royal Bank of Canada started coverage on shares of Vertiv in a report on Friday, March 7th. They set an “outperform” rating and a $121.00 price objective on the stock. Fox Advisors started coverage on shares of Vertiv in a report on Monday, January 6th. They set an “equal weight” rating on the stock. JPMorgan Chase & Co. raised their price objective on shares of Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a report on Tuesday, November 19th. Mizuho raised their price objective on shares of Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Finally, Barclays cut their price objective 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. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.