Pinebridge Investments L.P. Has $4.61 Million Position in Vertiv Holdings Co (NYSE:VRT)

Pinebridge Investments L.P. boosted its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 500.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,568 shares of the company’s stock after buying an additional 33,811 shares during the period. Pinebridge Investments L.P.’s holdings in Vertiv were worth $4,609,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. SOA Wealth Advisors LLC. purchased a new stake in shares of Vertiv during the 4th quarter valued at $26,000. OLD Second National Bank of Aurora purchased a new stake in Vertiv during the fourth quarter worth about $30,000. Tradewinds Capital Management LLC raised its position in Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after acquiring an additional 111 shares during the period. FNY Investment Advisers LLC purchased a new position in Vertiv in the fourth quarter valued at about $34,000. Finally, Pittenger & Anderson Inc. grew its position in shares of Vertiv by 92.0% during the 4th 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. 89.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on VRT. Royal Bank of Canada initiated coverage on shares of Vertiv in a report on Friday, March 7th. They issued an “outperform” rating and a $121.00 price target on the stock. Citigroup dropped their price target on Vertiv from $153.00 to $98.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Fox Advisors began coverage on Vertiv in a report on Monday, January 6th. They issued an “equal weight” rating for the company. Roth Capital raised shares of Vertiv to a “strong-buy” rating in a report on Monday, April 7th. Finally, The Goldman Sachs Group reduced their target price on shares of Vertiv from $135.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Vertiv presently has an average rating of “Moderate Buy” and an average price target of $120.38.

Vertiv Trading Up 3.8 %

Vertiv stock opened at $87.06 on Friday. The stock has a market cap of $33.15 billion, a P/E ratio of 68.02, a PEG ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a fifty-two week low of $53.60 and a fifty-two week high of $155.84. The firm’s fifty day moving average price is $81.05 and its 200-day moving average price is $107.57. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. Equities research analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share 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 given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.17%. The ex-dividend date was Tuesday, March 18th. Vertiv’s dividend payout ratio (DPR) 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.