Diametric Capital LP Lowers Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Diametric Capital LP lessened its stake in Vertiv Holdings Co (NYSE:VRT) by 24.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,724 shares of the company’s stock after selling 1,174 shares during the period. Diametric Capital LP’s holdings in Vertiv were worth $423,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nemes Rush Group LLC raised its stake in shares of Vertiv by 266.3% during the fourth quarter. Nemes Rush Group LLC now owns 2,249 shares of the company’s stock worth $256,000 after purchasing an additional 1,635 shares during the last quarter. National Bank of Canada FI increased its stake in Vertiv by 58.0% in the 4th quarter. National Bank of Canada FI now owns 9,740 shares of the company’s stock valued at $1,107,000 after buying an additional 3,576 shares during the period. HighPoint Advisor Group LLC raised its position in Vertiv by 33.5% during the 4th quarter. HighPoint Advisor Group LLC now owns 28,568 shares of the company’s stock worth $3,521,000 after buying an additional 7,162 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Vertiv by 24.3% in the 4th quarter. Franklin Resources Inc. now owns 1,314,300 shares of the company’s stock worth $149,318,000 after acquiring an additional 257,323 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG lifted its stake in shares of Vertiv by 43.8% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 12,565 shares of the company’s stock worth $1,428,000 after acquiring an additional 3,830 shares during the period. 89.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on VRT. Royal Bank of Canada assumed coverage on shares of Vertiv in a report on Friday, March 7th. They set an “outperform” rating and a $121.00 price target for the company. Barclays dropped their target price on Vertiv from $111.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 26th. Fox Advisors initiated coverage on Vertiv in a report on Monday, January 6th. They issued an “equal weight” rating for the company. Morgan Stanley initiated coverage on Vertiv in a report on Monday, January 6th. They set an “overweight” rating and a $150.00 price objective on the stock. Finally, Melius downgraded Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a report on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.33.

Vertiv Stock Performance

Shares of VRT opened at $72.23 on Tuesday. 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 $27.50 billion, a P/E ratio of 56.43, a PEG ratio of 1.07 and a beta of 1.71. 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 company has a 50-day moving average of $101.47 and a two-hundred day moving average of $111.58.

Vertiv (NYSE:VRT) last issued its quarterly earnings data 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 return on equity of 61.41% and a net margin of 6.19%. During the same quarter in the prior year, the company posted $0.56 earnings per share. As a group, research analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were paid a dividend of $0.0375 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.21%. Vertiv’s dividend payout ratio is currently 11.72%.

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.