Vertiv Holdings Co (NYSE:VRT) Shares Purchased by AQR Capital Management LLC

AQR Capital Management LLC boosted its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 0.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,582,219 shares of the company’s stock after acquiring an additional 275 shares during the quarter. AQR Capital Management LLC owned about 0.42% of Vertiv worth $136,973,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Albar Capital Ltd purchased a new position in shares of Vertiv during the 2nd quarter worth $1,254,000. Caxton Associates LP lifted its position in Vertiv by 108.6% in the second quarter. Caxton Associates LP now owns 78,470 shares of the company’s stock valued at $6,793,000 after buying an additional 40,858 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its stake in Vertiv by 106.6% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 37,390 shares of the company’s stock worth $3,237,000 after buying an additional 19,290 shares during the period. Aristeia Capital L.L.C. acquired a new stake in shares of Vertiv during the second quarter valued at about $656,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Vertiv by 60.6% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 69,495 shares of the company’s stock valued at $6,016,000 after acquiring an additional 26,231 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Insider Buying and Selling

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total value of $3,593,470.76. Following the sale, the insider now directly owns 10,542 shares of the company’s stock, valued at approximately $843,254.58. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 5.01% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

VRT has been the topic of several recent analyst reports. The Goldman Sachs Group decreased their price objective on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Evercore ISI restated an “outperform” rating and set a $105.00 price target on shares of Vertiv in a research note on Thursday, August 15th. Mizuho raised Vertiv from a “neutral” rating to an “outperform” rating and dropped their price objective for the company from $95.00 to $92.00 in a research note on Wednesday, August 7th. Finally, TD Cowen increased their target price on Vertiv from $89.00 to $93.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $102.13.

Vertiv Stock Down 0.1 %

Vertiv stock opened at $100.62 on Friday. The firm has a market capitalization of $37.75 billion, a P/E ratio of 96.75, a P/E/G ratio of 1.26 and a beta of 1.58. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 1.90. Vertiv Holdings Co has a twelve month low of $34.60 and a twelve month high of $109.27. The stock’s fifty day simple moving average is $80.18 and its 200-day simple moving average is $85.92.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.10. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. Vertiv’s revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.46 EPS. As a group, equities analysts expect that Vertiv Holdings Co will post 2.58 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were issued a $0.025 dividend. The ex-dividend date was Tuesday, September 17th. This represents a $0.10 annualized dividend and a yield of 0.10%. Vertiv’s dividend payout ratio (DPR) is 9.62%.

Vertiv 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.