Vertiv Holdings Co (NYSE:VRT) Stock Position Increased by Bank of Hawaii

Bank of Hawaii increased its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 4.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,791 shares of the company’s stock after buying an additional 1,436 shares during the quarter. Bank of Hawaii’s holdings in Vertiv were worth $3,725,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Vertiv by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company’s stock valued at $4,130,415,000 after purchasing an additional 1,244,780 shares during the period. Jennison Associates LLC grew its holdings in shares of 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 lifted its position in Vertiv by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company’s stock worth $688,260,000 after acquiring an additional 99,181 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in shares of Vertiv in the fourth quarter valued at approximately $597,379,000. Finally, Wellington Management Group LLP increased its stake in 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 during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Melius lowered shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective on the stock. in a report on Tuesday, January 28th. Evercore ISI reduced 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. Roth Mkm initiated coverage on shares of Vertiv in a report on Tuesday. They set a “buy” rating and a $75.00 price objective for the company. Melius Research reissued a “hold” rating and issued a $125.00 price objective on shares of Vertiv in a research note on Tuesday, January 28th. Finally, Fox Advisors began coverage on shares of Vertiv in a research 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 issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $128.94.

Vertiv Stock Up 15.5 %

Shares of NYSE VRT opened at $72.63 on Thursday. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $27.65 billion, a PE ratio of 56.74, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a 12-month low of $53.60 and a 12-month high of $155.84. The stock’s fifty day simple moving average is $90.90 and its two-hundred day simple moving average is $109.92.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates 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 previous year, the firm earned $0.56 EPS. As a group, analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

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

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.