Bridgewater Associates LP Sells 122,465 Shares of Vertiv Holdings Co (NYSE:VRT)

Bridgewater Associates LP cut its position in Vertiv Holdings Co (NYSE:VRT) by 37.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 203,630 shares of the company’s stock after selling 122,465 shares during the quarter. Bridgewater Associates LP owned about 0.05% of Vertiv worth $23,134,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in VRT. Vanguard Group Inc. grew its position 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 acquiring an additional 1,244,780 shares during the period. Jennison Associates LLC lifted 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 purchasing an additional 3,153,932 shares during the last quarter. Geode Capital Management LLC grew its holdings 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 purchasing an additional 99,181 shares during the period. Massachusetts Financial Services Co. MA acquired a new position in Vertiv during the fourth quarter worth approximately $597,379,000. Finally, Wellington Management Group LLP raised 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 buying an additional 990,361 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Stock Performance

VRT opened at $72.52 on Wednesday. The firm has a market cap of $27.61 billion, a P/E ratio of 56.65, 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 quick ratio of 1.02 and a current ratio of 1.65. Vertiv Holdings Co has a 52-week low of $53.60 and a 52-week high of $155.84. The business’s fifty day moving average is $87.28 and its 200-day moving average is $109.12.

Vertiv (NYSE:VRT) last issued 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 last year, the business posted $0.56 EPS. Sell-side analysts expect 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. Investors of record on Tuesday, March 18th were given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv’s dividend payout ratio is 11.72%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on VRT shares. Melius Research reiterated a “hold” rating and set a $125.00 target price on shares of Vertiv in a research note on Tuesday, January 28th. The Goldman Sachs Group decreased their price objective on shares of Vertiv from $135.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Roth Capital upgraded shares of Vertiv to a “strong-buy” rating in a research note on Monday, April 7th. Citigroup decreased their price target on shares of Vertiv from $153.00 to $98.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Barclays cut their price objective on shares of Vertiv from $100.00 to $90.00 and set an “equal weight” rating for the company in a research report on Friday, April 4th. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $121.94.

Vertiv Company 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.