Vertiv Holdings Co (NYSE:VRT) Shares Purchased by Baldwin Investment Management LLC

Baldwin Investment Management LLC increased its stake in Vertiv Holdings Co (NYSE:VRT) by 66.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,538 shares of the company’s stock after purchasing an additional 13,029 shares during the period. Baldwin Investment Management LLC’s holdings in Vertiv were worth $3,697,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA purchased a new stake in shares of Vertiv during the fourth quarter valued at $597,379,000. Norges Bank acquired a new stake in Vertiv during the 4th quarter worth about $391,777,000. Jennison Associates LLC grew its stake in Vertiv by 68.6% during the 4th 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 last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Vertiv by 136.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company’s stock valued at $379,101,000 after purchasing an additional 1,928,275 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Vertiv by 3.5% in the fourth 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 last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Stock Up 2.7 %

Shares of VRT opened at $95.01 on Friday. The stock has a 50 day moving average price of $80.14 and a 200 day moving average price of $106.84. Vertiv Holdings Co has a one year low of $53.60 and a one year high of $155.84. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The stock has a market capitalization of $36.18 billion, a price-to-earnings ratio of 74.23, a PEG ratio of 1.07 and a beta of 1.70.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The business had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the prior year, the business earned $0.43 earnings per share. The company’s quarterly revenue was up 24.2% compared to the same quarter last year. Equities research analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors 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 yield of 0.16%. Vertiv’s payout ratio is 8.72%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of Vertiv from $132.00 to $100.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Fox Advisors started coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating on the stock. Citigroup decreased their target price on shares of Vertiv from $153.00 to $98.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Royal Bank of Canada initiated coverage on Vertiv in a research report on Friday, March 7th. They issued an “outperform” rating and a $121.00 price objective on the stock. Finally, Melius lowered shares of 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. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $120.38.

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.