Vertiv Holdings Co (NYSE:VRT) Shares Bought by Signaturefd LLC

Signaturefd LLC raised its stake in Vertiv Holdings Co (NYSE:VRT) by 7.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 7,068 shares of the company’s stock after purchasing an additional 501 shares during the quarter. Signaturefd LLC’s holdings in Vertiv were worth $803,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in VRT. Jennison Associates LLC raised its holdings in shares of Vertiv by 10,825.0% in the third quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock worth $457,695,000 after acquiring an additional 4,558,306 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Vertiv by 271.0% in the third quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock worth $389,548,000 after acquiring an additional 2,860,181 shares during the last quarter. Castle Hook Partners LP raised its holdings in shares of Vertiv by 215.6% in the third quarter. Castle Hook Partners LP now owns 1,864,426 shares of the company’s stock worth $185,492,000 after acquiring an additional 1,273,746 shares during the last quarter. Whale Rock Capital Management LLC acquired a new position in shares of Vertiv in the third quarter worth $110,517,000. Finally, Blue Whale Capital LLP acquired a new position in Vertiv in the third quarter valued at $93,481,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Price Performance

Shares of NYSE VRT opened at $89.25 on Thursday. Vertiv Holdings Co has a 1-year low of $62.40 and a 1-year high of $155.84. The business has a 50-day moving average of $109.07 and a 200-day moving average of $111.02. 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 company has a market capitalization of $33.99 billion, a price-to-earnings ratio of 69.73, a PEG ratio of 1.07 and a beta of 1.71.

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

Vertiv Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be given a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.17%. The ex-dividend date is Tuesday, March 18th. Vertiv’s payout ratio is 11.72%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Morgan Stanley assumed coverage on Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 target price for the company. Melius Research reiterated a “hold” rating and issued a $125.00 target price on shares of Vertiv in a research note on Tuesday, January 28th. Evercore ISI dropped their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Fox Advisors assumed coverage on Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating for the company. Finally, Citigroup upped their target price on Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $136.07.

About Vertiv

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.