Freedom Investment Management Inc. Sells 1,657 Shares of Vertiv Holdings Co (NYSE:VRT)

Freedom Investment Management Inc. decreased its stake in Vertiv Holdings Co (NYSE:VRT) by 25.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,872 shares of the company’s stock after selling 1,657 shares during the quarter. Freedom Investment Management Inc.’s holdings in Vertiv were worth $554,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in VRT. Massachusetts Financial Services Co. MA acquired a new position in Vertiv in the fourth quarter worth $597,379,000. Norges Bank acquired a new stake in Vertiv in the 4th quarter valued at about $391,777,000. Jennison Associates LLC raised its stake in shares of Vertiv by 68.6% in the fourth quarter. Jennison Associates LLC now owns 7,754,347 shares of the company’s stock worth $880,971,000 after acquiring an additional 3,153,932 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Vertiv by 136.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company’s stock worth $379,101,000 after purchasing an additional 1,928,275 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Vertiv by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company’s stock worth $4,130,415,000 after buying an additional 1,244,780 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.

Vertiv Stock Up 2.2 %

NYSE:VRT opened at $73.24 on Monday. The stock has a 50-day simple moving average of $84.24 and a 200 day simple moving average of $108.59. Vertiv Holdings Co has a 52-week low of $53.60 and a 52-week high of $155.84. The company has a market cap of $27.89 billion, a PE ratio of 57.22, a PEG 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 (NYSE:VRT) last issued its quarterly 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 net margin of 6.19% and a return on equity of 61.41%. During the same quarter in the previous year, the company posted $0.56 earnings per share. On average, 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 announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were given a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date was Tuesday, March 18th. Vertiv’s dividend payout ratio is currently 11.72%.

Wall Street Analysts Forecast Growth

VRT has been the subject of a number of recent research reports. Royal Bank of Canada began coverage on Vertiv in a research report on Friday, March 7th. They set an “outperform” rating and a $121.00 target price for the company. JPMorgan Chase & Co. lowered their target price on shares of Vertiv from $132.00 to $100.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Citigroup cut their price target on Vertiv from $153.00 to $98.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Roth Capital raised Vertiv to a “strong-buy” rating in a research note on Monday, April 7th. Finally, Roth Mkm assumed coverage on Vertiv in a report on Tuesday, April 8th. They set a “buy” rating and a $75.00 target price on the stock. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Vertiv currently has a consensus rating of “Moderate Buy” and an average price target of $121.94.

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.