Alliancebernstein L.P. Raises Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Alliancebernstein L.P. lifted its holdings in Vertiv Holdings Co (NYSE:VRT) by 73.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 327,293 shares of the company’s stock after purchasing an additional 138,871 shares during the quarter. Alliancebernstein L.P. owned 0.09% of Vertiv worth $37,184,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Norges Bank bought a new stake in shares of Vertiv in the 4th quarter worth about $391,777,000. Jennison Associates LLC raised its position in Vertiv by 68.6% during the fourth quarter. Jennison Associates LLC now owns 7,754,347 shares of the company’s stock valued at $880,971,000 after purchasing an additional 3,153,932 shares during the period. Wellington Management Group LLP lifted its stake in shares of Vertiv by 271.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock valued at $389,548,000 after purchasing an additional 2,860,181 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Vertiv by 136.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company’s stock worth $379,101,000 after purchasing an additional 1,928,275 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Vertiv by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company’s stock valued at $4,130,415,000 after purchasing an additional 1,244,780 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on VRT shares. Fox Advisors assumed coverage on shares of Vertiv in a research note on Monday, January 6th. They set an “equal weight” rating for the company. Royal Bank of Canada began coverage on shares of Vertiv in a report on Friday, March 7th. They set an “outperform” rating and a $121.00 price target on the stock. Melius Research reissued a “hold” rating and issued a $125.00 price objective on shares of Vertiv in a research note on Tuesday, January 28th. Evercore ISI cut their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Finally, Citigroup raised their price target on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Vertiv has an average rating of “Moderate Buy” and an average price target of $134.67.

Vertiv Trading Down 11.9 %

NYSE:VRT opened at $59.42 on Friday. The firm has a 50-day simple moving average of $95.23 and a 200-day simple moving average of $110.94. Vertiv Holdings Co has a one year low of $55.32 and a one year high of $155.84. The firm has a market cap of $22.63 billion, a P/E ratio of 46.43, a P/E/G ratio of 1.07 and a beta of 1.71. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping 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 in the prior year, the business earned $0.56 earnings per share. 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 was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were paid a $0.0375 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.25%. Vertiv’s dividend payout ratio (DPR) is presently 11.72%.

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.