Abacus FCF Advisors LLC Takes $5.24 Million Position in Vertiv Holdings Co (NYSE:VRT)

Abacus FCF Advisors LLC acquired a new stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 46,130 shares of the company's stock, valued at approximately $5,241,000.

Several other hedge funds also recently bought and sold shares of the company. Benjamin Edwards Inc. lifted its position in Vertiv by 531.7% during the third quarter. Benjamin Edwards Inc. now owns 2,110 shares of the company's stock valued at $210,000 after purchasing an additional 1,776 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of Vertiv by 19.2% during the third quarter. HighTower Advisors LLC now owns 40,708 shares of the company's stock valued at $3,999,000 after purchasing an additional 6,564 shares during the period. Integrated Wealth Concepts LLC increased its stake in shares of Vertiv by 50.8% in the third quarter. Integrated Wealth Concepts LLC now owns 7,714 shares of the company's stock worth $767,000 after buying an additional 2,598 shares during the period. Stifel Financial Corp raised its holdings in Vertiv by 44.5% during the 3rd quarter. Stifel Financial Corp now owns 263,341 shares of the company's stock valued at $26,200,000 after buying an additional 81,057 shares during the last quarter. Finally, State Street Corp boosted its position in Vertiv by 4.2% during the 3rd quarter. State Street Corp now owns 7,635,081 shares of the company's stock valued at $759,614,000 after buying an additional 308,704 shares during the period. Hedge funds and other institutional investors own 89.92% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Roth Capital raised Vertiv to a "strong-buy" rating in a research report on Monday, April 7th. Melius cut shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price objective on the stock. in a report on Tuesday, January 28th. JPMorgan Chase & Co. reduced their price target on Vertiv from $132.00 to $100.00 and set an "overweight" rating for the company in a report on Tuesday. Fox Advisors began coverage on shares of Vertiv in a research report on Monday, January 6th. They set an "equal weight" rating for the company. Finally, Melius Research reiterated a "hold" rating and issued a $125.00 price target on shares of Vertiv in a research note on Tuesday, January 28th. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $125.50.

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Vertiv Price Performance

Shares of NYSE:VRT traded up $1.66 during trading on Friday, hitting $69.39. 8,182,977 shares of the company's stock were exchanged, compared to its average volume of 9,009,290. The business's 50-day simple moving average is $89.17 and its 200 day simple moving average is $109.50. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. 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 $26.42 billion, a price-to-earnings ratio of 54.21, a PEG ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $0.99 EPS 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 period in the prior year, the firm earned $0.56 EPS. As a group, equities analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders 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 0.22%. The ex-dividend date was Tuesday, March 18th. Vertiv's dividend payout ratio (DPR) is 11.72%.

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.