APG Asset Management N.V. Purchases 209,326 Shares of Vertiv Holdings Co (NYSE:VRT)

APG Asset Management N.V. increased its position in shares of Vertiv Holdings Co (NYSE:VRT) by 601.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 244,155 shares of the company’s stock after purchasing an additional 209,326 shares during the period. APG Asset Management N.V. owned approximately 0.07% of Vertiv worth $26,787,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in VRT. Vanguard Group Inc. increased its holdings in Vertiv by 3.5% in 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 increased 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 buying an additional 3,153,932 shares during the last quarter. Geode Capital Management LLC grew its stake in Vertiv by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company’s stock valued at $688,260,000 after purchasing an additional 99,181 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in Vertiv during the fourth quarter worth about $597,379,000. Finally, Wellington Management Group LLP raised its holdings in shares of Vertiv by 25.3% in the 4th 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 period. 89.92% of the stock is owned by institutional investors.

Vertiv Trading Up 15.5 %

Shares of VRT opened at $72.63 on Thursday. Vertiv Holdings Co has a 1-year low of $53.60 and a 1-year high of $155.84. The stock has a market cap of $27.65 billion, a price-to-earnings ratio of 56.74, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The firm has a 50 day simple moving average of $90.90 and a 200-day simple moving average of $109.92. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02.

Vertiv (NYSE:VRT) last announced its quarterly earnings results 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 posted $0.56 earnings per share. Equities analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were given a $0.0375 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.21%. Vertiv’s dividend payout ratio (DPR) is 11.72%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on VRT shares. Royal Bank of Canada assumed coverage on Vertiv in a research report on Friday, March 7th. They issued an “outperform” rating and a $121.00 price target for the company. Morgan Stanley initiated coverage on Vertiv in a report on Monday, January 6th. They set an “overweight” rating and a $150.00 price target on the stock. Melius cut Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective on the stock. in a research report on Tuesday, January 28th. Melius Research reiterated a “hold” rating and issued a $125.00 price target on shares of Vertiv in a research note on Tuesday, January 28th. Finally, Fox Advisors assumed coverage on Vertiv in a report on Monday, January 6th. They set an “equal weight” rating for the company. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $128.94.

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.