NEOS Investment Management LLC Purchases Shares of 4,740 Vertiv Holdings Co (NYSE:VRT)

NEOS Investment Management LLC purchased a new position in Vertiv Holdings Co (NYSE:VRT - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 4,740 shares of the company's stock, valued at approximately $539,000.

A number of other large investors also recently bought and sold shares of VRT. Algert Global LLC bought a new stake in Vertiv in the third quarter worth $518,000. The Manufacturers Life Insurance Company raised its position in shares of Vertiv by 25.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 38,306 shares of the company's stock worth $3,811,000 after purchasing an additional 7,783 shares during the last quarter. Brooklyn Investment Group bought a new position in Vertiv in the 3rd quarter worth about $30,000. Townsquare Capital LLC grew its position in Vertiv by 14.8% during the 3rd quarter. Townsquare Capital LLC now owns 4,990 shares of the company's stock valued at $496,000 after purchasing an additional 642 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Vertiv by 10.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,502,545 shares of the company's stock valued at $149,488,000 after purchasing an additional 142,059 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Stock Performance

Shares of NYSE VRT traded up $3.09 during trading on Tuesday, hitting $75.29. The company had a trading volume of 10,125,749 shares, compared to its average volume of 8,772,371. The stock has a 50 day simple moving average of $101.47 and a 200 day simple moving average of $111.58. The firm has a market capitalization of $28.67 billion, a P/E ratio of 58.82, 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 12 month low of $62.40 and a 12 month high of $155.84.

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Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, beating 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 prior year, the company earned $0.56 EPS. As a group, analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 0.20%. The ex-dividend date was Tuesday, March 18th. Vertiv's dividend payout ratio is currently 11.72%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on VRT shares. Evercore ISI dropped their target price on shares of Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a research note on Friday, January 17th. Barclays cut their target price on Vertiv from $111.00 to $100.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 26th. Fox Advisors initiated coverage on Vertiv in a report on Monday, January 6th. They issued an "equal weight" rating for the company. Melius cut Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price objective on the stock. in a research report on Tuesday, January 28th. Finally, Citigroup boosted their target price on Vertiv from $141.00 to $155.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $135.33.

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.