Locust Wood Capital Advisers LLC cut its stake in Vertiv Holdings Co. (NYSE:VRT – Free Report) by 24.5% in the fourth quarter, HoldingsChannel reports. The fund owned 845,915 shares of the company’s stock after selling 274,222 shares during the period. Vertiv accounts for 3.3% of Locust Wood Capital Advisers LLC’s holdings, making the stock its 12th largest position. Locust Wood Capital Advisers LLC’s holdings in Vertiv were worth $137,047,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of the stock. CreativeOne Wealth LLC increased its stake in shares of Vertiv by 187.8% in the 3rd quarter. CreativeOne Wealth LLC now owns 10,646 shares of the company’s stock valued at $1,606,000 after buying an additional 6,947 shares during the period. Plato Investment Management Ltd boosted its holdings in Vertiv by 272.7% in the third quarter. Plato Investment Management Ltd now owns 8,825 shares of the company’s stock valued at $1,321,000 after acquiring an additional 6,457 shares during the last quarter. Lingotto Investment Management LLP acquired a new stake in Vertiv in the fourth quarter worth about $2,641,000. Norges Bank bought a new stake in Vertiv during the 4th quarter worth about $808,701,000. Finally, WD Rutherford LLC raised its holdings in Vertiv by 80.7% during the 4th quarter. WD Rutherford LLC now owns 15,081 shares of the company’s stock worth $2,443,000 after purchasing an additional 6,734 shares during the last quarter. 89.92% of the stock is owned by institutional investors.
Vertiv Price Performance
Shares of VRT stock opened at $300.44 on Monday. The company has a quick ratio of 1.15, a current ratio of 1.49 and a debt-to-equity ratio of 0.69. Vertiv Holdings Co. has a 12-month low of $107.38 and a 12-month high of $379.93. The firm has a fifty day moving average of $311.65 and a 200-day moving average of $240.39. The firm has a market capitalization of $115.40 billion, a price-to-earnings ratio of 75.49, a price-to-earnings-growth ratio of 1.30 and a beta of 2.03.
Vertiv Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Monday, June 15th will be given a $0.0625 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. Vertiv’s payout ratio is currently 6.28%.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on VRT. BNP Paribas Exane initiated coverage on shares of Vertiv in a research note on Tuesday, April 14th. They set an “outperform” rating and a $345.00 price target for the company. Barclays increased their price target on Vertiv from $345.00 to $412.00 and gave the company an “overweight” rating in a research note on Friday, May 15th. Weiss Ratings lowered Vertiv from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. Fox Advisors upgraded Vertiv from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 21st. Finally, Morgan Stanley increased their target price on Vertiv from $285.00 to $350.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Vertiv presently has an average rating of “Moderate Buy” and a consensus price target of $322.32.
Check Out Our Latest Report on VRT
Vertiv Company Profile
Vertiv is a global provider of critical digital infrastructure and continuity solutions for data centers, communication networks and commercial and industrial environments. Headquartered in Columbus, Ohio, the company designs, manufactures and services equipment and software that support power availability, thermal management and IT infrastructure management for a broad set of end markets, including hyperscale and enterprise data centers, colocation providers, telecom operators and industrial customers.
The company’s product portfolio includes uninterruptible power supplies (UPS), power distribution units (PDUs), battery and DC power systems, precision cooling and thermal management equipment, racks and enclosures, and integrated modular infrastructure.
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