Vertiv Holdings Co (NYSE:VRT) Shares Sold by Axiom Investors LLC DE

Axiom Investors LLC DE decreased its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,335,196 shares of the company’s stock after selling 27,113 shares during the quarter. Vertiv comprises 2.0% of Axiom Investors LLC DE’s holdings, making the stock its 13th largest position. Axiom Investors LLC DE’s holdings in Vertiv were worth $265,302,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Algert Global LLC purchased a new stake in shares of Vertiv in the third quarter valued at about $518,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Vertiv by 25.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 38,306 shares of the company’s stock worth $3,811,000 after acquiring an additional 7,783 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of Vertiv during the 3rd quarter worth approximately $30,000. Townsquare Capital LLC increased its holdings in Vertiv by 14.8% in the 3rd quarter. Townsquare Capital LLC now owns 4,990 shares of the company’s stock valued at $496,000 after purchasing an additional 642 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Vertiv by 10.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,502,545 shares of the company’s stock valued at $149,488,000 after purchasing an additional 142,059 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on VRT. Melius Research reaffirmed a “hold” rating and issued a $125.00 price objective 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 report on Friday, January 17th. Barclays lowered their price objective on shares of Vertiv from $111.00 to $100.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 26th. Royal Bank of Canada assumed coverage on shares of Vertiv in a research note on Friday, March 7th. They set an “outperform” rating and a $121.00 target price on the stock. Finally, Morgan Stanley began coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 price target for the company. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $135.33.

Vertiv Stock Down 2.6 %

Shares of NYSE:VRT opened at $74.32 on Monday. 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 firm has a 50 day simple moving average of $102.74 and a 200-day simple moving average of $111.69. The company has a market capitalization of $28.30 billion, a PE ratio of 58.06, a P/E/G ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a twelve month low of $62.40 and a twelve month high of $155.84.

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 last year, the business earned $0.56 EPS. On average, equities analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current fiscal 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 given a dividend of $0.0375 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.20%. 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.