Allianz SE Takes $624,000 Position in Vertiv Holdings Co (NYSE:VRT)

Allianz SE bought a new position in Vertiv Holdings Co (NYSE:VRT) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,370 shares of the company’s stock, valued at approximately $624,000.

Several other large investors also recently added to or reduced their stakes in VRT. Norges Bank purchased a new stake in shares of Vertiv in the fourth quarter worth $391,777,000. Jennison Associates LLC grew its position in shares of Vertiv by 68.6% during the fourth quarter. Jennison Associates LLC now owns 7,754,347 shares of the company’s stock worth $880,971,000 after purchasing an additional 3,153,932 shares in the last quarter. Wellington Management Group LLP raised its stake in Vertiv by 271.0% during 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 period. Vanguard Group Inc. boosted its stake in Vertiv by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company’s stock worth $4,130,415,000 after purchasing an additional 1,244,780 shares during the period. Finally, Whale Rock Capital Management LLC purchased a new stake in Vertiv during the 3rd quarter valued at approximately $110,517,000. 89.92% of the stock is currently owned by institutional investors.

Vertiv Trading Down 2.6 %

Shares of VRT stock opened at $74.32 on Monday. Vertiv Holdings Co has a twelve month low of $62.40 and a twelve month high of $155.84. The stock has a market cap of $28.30 billion, a price-to-earnings ratio of 58.06, a PEG ratio of 1.07 and a beta of 1.71. The company’s 50-day moving average price is $102.74 and its 200-day moving average price is $111.69. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT) last announced 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 in the previous year, the company earned $0.56 earnings per share. As a group, equities analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were issued a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.20%. Vertiv’s payout ratio is 11.72%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. 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. Melius Research reissued a “hold” rating and set a $125.00 price target on shares of Vertiv in a research note on Tuesday, January 28th. Melius downgraded Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective on the stock. in a research note on Tuesday, January 28th. Citigroup increased their price target on shares of Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 9th. Finally, Royal Bank of Canada initiated coverage on Vertiv in a research report on Friday, March 7th. They set an “outperform” rating and a $121.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $135.33.

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.