Vertiv Holdings Co (NYSE:VRT) Shares Bought by Cottage Street Advisors LLC

Cottage Street Advisors LLC increased its holdings in Vertiv Holdings Co (NYSE:VRT) by 51.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,665 shares of the company’s stock after acquiring an additional 4,998 shares during the quarter. Cottage Street Advisors LLC’s holdings in Vertiv were worth $1,666,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of VRT. Vanguard Group Inc. boosted its stake in 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 acquiring an additional 1,244,780 shares during the last quarter. Jennison Associates LLC grew its stake in Vertiv by 68.6% in 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. State Street Corp grew its stake in Vertiv by 4.2% in the third quarter. State Street Corp now owns 7,635,081 shares of the company’s stock worth $759,614,000 after purchasing an additional 308,704 shares in the last quarter. Geode Capital Management LLC increased its holdings in Vertiv by 7.4% in the third quarter. Geode Capital Management LLC now owns 5,951,784 shares of the company’s stock valued at $592,433,000 after buying an additional 408,054 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in Vertiv by 271.0% during the third quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock valued at $389,548,000 after buying an additional 2,860,181 shares in the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Vertiv Trading Down 2.3 %

NYSE:VRT opened at $91.55 on Wednesday. The company’s 50 day moving average is $106.11 and its 200-day moving average is $111.68. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. Vertiv Holdings Co has a 12 month low of $62.40 and a 12 month high of $155.84. The firm has a market cap of $34.86 billion, a price-to-earnings ratio of 71.52, a P/E/G ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share 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 quarter last year, the business posted $0.56 earnings per share. Equities analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.0375 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.16%. Vertiv’s dividend payout ratio (DPR) is presently 11.72%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Citigroup boosted their price target on Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 9th. Melius Research reiterated a “hold” rating and set a $125.00 target price on shares of Vertiv in a research note on Tuesday, January 28th. Barclays lowered their price objective on Vertiv from $131.00 to $111.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. Fox Advisors initiated coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an “equal weight” rating for the company. Finally, Morgan Stanley started coverage on Vertiv in a research report on Monday, January 6th. They set an “overweight” rating and a $150.00 price objective for the company. Four equities research 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 stock currently has an average rating of “Moderate Buy” and a consensus target price of $136.07.

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.