Hartree Partners LP Invests in Vertiv Holdings Co

Hartree Partners LP established a new investment in Vertiv Holdings Co (NYSE:VRT) during the fourth quarter, as disclosed in its latest Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,750 shares of Vertiv's stock, which amounts to an approximate value of $880,000.

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In addition, several other hedge funds and institutional investors have made changes to their holdings in Vertiv recently. For example, Schroder Investment Management Group increased its stake in Vertiv by 95.3% during the same quarter. After purchasing an additional 569,722 shares, it now owns a total of 1,167,536 shares worth $135,621,000. Arrowstreet Capital Limited Partnership also raised its position significantly, with an increase of 136.9%, resulting in ownership of 3,336,862 shares valued at $379,101,000 after acquiring an additional 1,928,275 shares. Allianz SE entered a new stake in Vertiv with a valuation of $624,000 in the fourth quarter, while Allstate Corp also made a new investment worth $1,186,000. Furthermore, Horizon Investment Services LLC increased its stake by 4.1% during the quarter, bringing its total to 2,410 shares valued at $274,000. Overall, institutional investors now hold 89.92% of Vertiv's stock.

Wall Street Analyst Insights

Recent analyst reports indicate a growing interest in Vertiv's stock. On March 7th, the Royal Bank of Canada initiated coverage on Vertiv and assigned an "outperform" rating with a price target of $121.00. Citigroup increased its price target for Vertiv from $141.00 to $155.00 and rated it "buy" in a report from December 9th. Meanwhile, Fox Advisors began coverage with an "equal weight" rating on January 6th. On January 17th, Evercore ISI adjusted its target price from $150.00 to $145.00 while maintaining its "outperform" rating. Melius Research reiterated a "hold" rating, setting a target price of $125.00 on January 28th. The consensus among analysts is that four research analysts have rated the stock as hold, while eleven have given it a buy rating. According to MarketBeat.com, Vertiv currently enjoys a consensus rating of "Moderate Buy" and a consensus target price of $135.33.

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Read Our Latest Stock Analysis on VRT

Performance Metrics of Vertiv

As of Friday, VRT opened at $74.32. The company has a 50-day simple moving average of $102.74 and a 200-day simple moving average of $111.48. Vertiv’s market capitalization stands at $28.30 billion, with a P/E ratio of 58.06 and a price-to-earnings-growth ratio of 1.07; it also has a beta of 1.71. Over the past year, Vertiv has seen a low of $62.40 and a high of $155.84. The company's debt-to-equity ratio is 1.19, with a current ratio of 1.65 and a quick ratio of 1.02.

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On February 12th, Vertiv announced its latest quarterly earnings results, revealing an earnings per share (EPS) of $0.99, surpassing the consensus estimate of $0.84 by $0.15. The company reported a net margin of 6.19% and a return on equity of 61.41%, compared to $0.56 EPS during the same period last year. Analysts project that Vertiv will report earnings of 3.59 per share for the current fiscal year.

Recent Dividend Announcement

Vertiv also declared a quarterly dividend, which was distributed on March 27th. Shareholders of record as of March 18th received a dividend of $0.0375 per share. The ex-dividend date was also March 18th. This payout translates to an annualized dividend of $0.15, resulting in a dividend yield of 0.20%. The company's dividend payout ratio currently stands at 11.72%.

Overview of Vertiv Holdings Co

Vertiv Holdings Co, along with its subsidiaries, is engaged in designing, manufacturing, and servicing essential digital infrastructure technologies as well as lifecycle services for data centers, communication networks, and various commercial and industrial environments across the Americas, Asia Pacific, Europe, the Middle East, and Africa.

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This news was generated using narrative science technology and financial data to provide quick and accurate reporting.

Is Now the Right Time to Invest in Vertiv?

Before making any investment decisions regarding Vertiv, it is advisable to thoroughly research the current market conditions and analyst recommendations. While the stock has a moderate buy rating, other top-rated analysts may suggest superior investment opportunities.

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