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

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

Other hedge funds have also recently added to or reduced their stakes in the company. SOA Wealth Advisors LLC. acquired a new position in Vertiv in the 4th quarter valued at approximately $26,000. OLD Second National Bank of Aurora acquired a new position in shares of Vertiv in the 4th quarter worth approximately $30,000. Tradewinds Capital Management LLC lifted its position in shares of Vertiv by 61.3% during the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after buying an additional 111 shares during the period. FNY Investment Advisers LLC acquired a new stake in Vertiv in the 4th quarter valued at $34,000. Finally, Pittenger & Anderson Inc. grew its position in Vertiv by 92.0% in the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company’s stock valued at $36,000 after acquiring an additional 150 shares during the period. Institutional investors own 89.92% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on VRT shares. Roth Mkm began coverage on shares of Vertiv in a research note on Tuesday, April 8th. They issued a “buy” rating and a $75.00 target price on the stock. Citigroup dropped their price objective on shares of Vertiv from $153.00 to $98.00 and set a “buy” rating for the company in a report on Monday, April 14th. Barclays reduced their target price on Vertiv from $100.00 to $90.00 and set an “equal weight” rating on the stock in a report on Friday, April 4th. Melius lowered Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective on the stock. in a research note on Tuesday, January 28th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Vertiv from $132.00 to $100.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $120.38.

Vertiv Stock Performance

Shares of VRT opened at $95.72 on Friday. Vertiv Holdings Co has a twelve month low of $53.60 and a twelve month high of $155.84. 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’s 50 day moving average price is $80.31 and its two-hundred day moving average price is $106.38. 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 (NYSE:VRT) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the company posted $0.43 earnings per share. The company’s quarterly revenue was up 24.2% compared to the same quarter last year. On average, analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

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

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.