Dimensional Fund Advisors LP Sells 12,083 Shares of Vertiv Holdings Co (NYSE:VRT)

Dimensional Fund Advisors LP decreased its holdings in Vertiv Holdings Co (NYSE:VRT) by 0.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,656,927 shares of the company’s stock after selling 12,083 shares during the period. Dimensional Fund Advisors LP owned about 0.71% of Vertiv worth $301,911,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Vertiv by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company’s stock worth $4,130,415,000 after acquiring an additional 1,244,780 shares during the last quarter. Jennison Associates LLC boosted its stake 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 purchasing an additional 3,153,932 shares during the period. Geode Capital Management LLC increased its position in 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 buying an additional 99,181 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in shares of Vertiv during the fourth quarter worth $597,379,000. Finally, Wellington Management Group LLP grew its stake in shares of Vertiv by 25.3% in the fourth quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company’s stock valued at $557,349,000 after acquiring an additional 990,361 shares in the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on VRT shares. Roth Mkm assumed coverage on shares of Vertiv in a report on Tuesday, April 8th. They issued a “buy” rating and a $75.00 price objective for the company. The Goldman Sachs Group cut their price target on Vertiv from $135.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Morgan Stanley assumed coverage on Vertiv in a report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective for the company. Fox Advisors assumed coverage on Vertiv in a report on Monday, January 6th. They set an “equal weight” rating on the stock. Finally, Evercore ISI cut their price objective on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Vertiv presently has an average rating of “Moderate Buy” and an average target price of $121.94.

Vertiv Trading Up 2.2 %

Shares of VRT stock opened at $73.24 on Monday. Vertiv Holdings Co has a twelve month low of $53.60 and a twelve month high of $155.84. The stock’s fifty day simple moving average is $84.24 and its 200 day simple moving average is $108.59. 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 $27.89 billion, a P/E ratio of 57.22, a P/E/G ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last released 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 return on equity of 61.41% and a net margin of 6.19%. During the same period in the prior year, the company earned $0.56 earnings per share. As a group, sell-side analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors 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 dividend on an annualized basis and a yield of 0.20%. Vertiv’s payout ratio is 11.72%.

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.