MIG Capital LLC Buys Shares of 2,907 Vertiv Holdings Co (NYSE:VRT)

MIG Capital LLC bought a new position in Vertiv Holdings Co (NYSE:VRT) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,907 shares of the company’s stock, valued at approximately $330,000.

Several other hedge funds also recently modified their holdings of VRT. Vanguard Group Inc. boosted its holdings in 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 in the last quarter. Jennison Associates LLC boosted its stake in shares of Vertiv by 68.6% during the 4th quarter. Jennison Associates LLC now owns 7,754,347 shares of the company’s stock worth $880,971,000 after acquiring an additional 3,153,932 shares in the last quarter. State Street Corp increased its holdings in shares of Vertiv by 4.2% during the 3rd quarter. State Street Corp now owns 7,635,081 shares of the company’s stock valued at $759,614,000 after acquiring an additional 308,704 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Vertiv by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company’s stock worth $688,260,000 after purchasing an additional 99,181 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new stake in Vertiv in the 4th quarter worth approximately $597,379,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on VRT. Evercore ISI dropped their price target on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Royal Bank of Canada assumed coverage on shares of Vertiv in a report on Friday, March 7th. They issued an “outperform” rating and a $121.00 target price on the stock. Morgan Stanley assumed coverage on shares of Vertiv in a report on Monday, January 6th. They set an “overweight” rating and a $150.00 price target for the company. Melius Research reissued a “hold” rating and set a $125.00 price objective on shares of Vertiv in a research report on Tuesday, January 28th. Finally, Barclays lowered their target price on Vertiv from $100.00 to $90.00 and set an “equal weight” rating on the stock in a report on Friday. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $134.67.

Vertiv Stock Down 11.9 %

Shares of VRT stock opened at $59.42 on Friday. The stock has a market cap of $22.63 billion, a P/E ratio of 46.43, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The stock has a fifty day moving average price of $95.23 and a 200 day moving average price of $110.94. Vertiv Holdings Co has a one year low of $55.32 and a one year high of $155.84.

Vertiv (NYSE:VRT) last posted its earnings results 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 EPS. Analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were paid 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 dividend payout ratio is 11.72%.

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.