Atika Capital Management LLC Purchases 851 Shares of Vertiv Holdings Co (NYSE:VRT)

Atika Capital Management LLC increased its position in shares of Vertiv Holdings Co (NYSE:VRT) by 0.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 352,951 shares of the company’s stock after purchasing an additional 851 shares during the quarter. Vertiv accounts for approximately 4.3% of Atika Capital Management LLC’s investment portfolio, making the stock its 2nd largest holding. Atika Capital Management LLC owned 0.09% of Vertiv worth $40,099,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of VRT. SOA Wealth Advisors LLC. purchased a new position in shares of Vertiv during the 4th quarter valued at about $26,000. OLD Second National Bank of Aurora acquired a new stake in Vertiv during the fourth quarter worth about $30,000. Tradewinds Capital Management LLC raised its position in Vertiv by 61.3% during the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after acquiring an additional 111 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in Vertiv in the fourth quarter valued at approximately $34,000. Finally, Pittenger & Anderson Inc. boosted its position in Vertiv by 92.0% in the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company’s stock worth $36,000 after purchasing an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Price Performance

Vertiv stock opened at $59.42 on Friday. The company has a fifty day simple moving average of $95.23 and a 200-day simple moving average of $110.94. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $22.63 billion, a price-to-earnings ratio of 46.43, a PEG ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a 52-week low of $55.32 and a 52-week high of $155.84.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate 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 in the previous year, the firm posted $0.56 earnings per share. On average, equities analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv’s payout ratio is currently 11.72%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Morgan Stanley initiated coverage on shares of Vertiv in a report on Monday, January 6th. They set an “overweight” rating and a $150.00 target price for the company. Barclays cut their price objective on shares of Vertiv from $100.00 to $90.00 and set an “equal weight” rating for the company in a report on Friday. Fox Advisors assumed coverage on shares of Vertiv in a research note on Monday, January 6th. They set an “equal weight” rating on the stock. Royal Bank of Canada initiated coverage on Vertiv in a research note on Friday, March 7th. They issued an “outperform” rating and a $121.00 price target for the company. Finally, Melius downgraded Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research report on Tuesday, January 28th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $134.67.

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.