Vertiv Holdings Co (NYSE:VRT) Shares Acquired by Atika Capital Management LLC

Atika Capital Management LLC boosted its holdings in Vertiv Holdings Co (NYSE:VRT) by 0.2% during the fourth quarter, HoldingsChannel reports. The fund owned 352,951 shares of the company’s stock after buying an additional 851 shares during the period. Vertiv comprises 4.3% of Atika Capital Management LLC’s holdings, making the stock its 2nd biggest position. Atika Capital Management LLC’s holdings in Vertiv were worth $40,099,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. SOA Wealth Advisors LLC. acquired a new stake in shares of Vertiv during the fourth quarter valued at about $26,000. OLD Second National Bank of Aurora purchased a new position in shares of Vertiv during the 4th quarter worth approximately $30,000. Tradewinds Capital Management LLC increased its holdings in Vertiv by 61.3% in the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after purchasing an additional 111 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in Vertiv in the fourth quarter valued at approximately $34,000. Finally, Pittenger & Anderson Inc. lifted its stake in Vertiv by 92.0% during the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company’s stock worth $36,000 after purchasing an additional 150 shares in the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Vertiv Stock Performance

NYSE:VRT opened at $59.42 on Friday. The firm has a market capitalization of $22.63 billion, a PE ratio of 46.43, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The business’s fifty day moving average price is $95.23 and its 200 day moving average price is $110.94. Vertiv Holdings Co has a 12 month low of $55.32 and a 12 month high of $155.84.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping 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 quarter last year, the firm posted $0.56 EPS. On average, sell-side analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.25%. The ex-dividend date was Tuesday, March 18th. Vertiv’s payout ratio is 11.72%.

Wall Street Analyst Weigh In

VRT has been the subject of a number of research reports. Royal Bank of Canada began coverage on Vertiv in a research note on Friday, March 7th. They issued an “outperform” rating and a $121.00 price objective for the company. Barclays dropped their target price on Vertiv from $100.00 to $90.00 and set an “equal weight” rating for the company in a research report on Friday. Melius Research reissued a “hold” rating and set a $125.00 price target on shares of Vertiv in a research report on Tuesday, January 28th. Fox Advisors initiated coverage on shares of Vertiv in a report on Monday, January 6th. They issued an “equal weight” rating for the company. Finally, Evercore ISI decreased their price target 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 investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $134.67.

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.