Frontier Capital Management Co. LLC Has $17.45 Million Stock Position in Vertiv Holdings Co (NYSE:VRT)

Frontier Capital Management Co. LLC reduced its position in shares of Vertiv Holdings Co (NYSE:VRT) by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 153,635 shares of the company’s stock after selling 298 shares during the period. Frontier Capital Management Co. LLC’s holdings in Vertiv were worth $17,454,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Vertiv by 3.5% during the 4th 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 raised its holdings in Vertiv by 68.6% in the 4th quarter. Jennison Associates LLC now owns 7,754,347 shares of the company’s stock valued at $880,971,000 after acquiring an additional 3,153,932 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Vertiv by 1.7% during 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 in the last quarter. Massachusetts Financial Services Co. MA acquired a new position in Vertiv in the fourth quarter valued at about $597,379,000. Finally, Wellington Management Group LLP lifted its stake in Vertiv by 25.3% during the fourth quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company’s stock worth $557,349,000 after purchasing an additional 990,361 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Citigroup decreased their target price on Vertiv from $153.00 to $98.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Roth Mkm started coverage on Vertiv in a research note on Tuesday, April 8th. They issued a “buy” rating and a $75.00 price target for the company. Roth Capital raised shares of Vertiv to a “strong-buy” rating in a research report on Monday, April 7th. Evercore ISI decreased their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Finally, Morgan Stanley cut their price target on Vertiv from $140.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Five investment 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $120.38.

Vertiv Price Performance

VRT opened at $95.72 on Friday. 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 firm has a market cap of $36.48 billion, a P/E ratio of 74.78, a PEG ratio of 1.07 and a beta of 1.70. Vertiv Holdings Co has a fifty-two week low of $53.60 and a fifty-two week high of $155.84. The firm has a 50-day moving average of $80.31 and a 200 day moving average of $106.38.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. Vertiv’s revenue for the quarter was up 24.2% on a year-over-year basis. During the same period last year, the firm earned $0.43 EPS. On average, research analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were issued a $0.0375 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.16%. Vertiv’s payout ratio is currently 8.72%.

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.