Advisory Services Network LLC Acquires 16,247 Shares of Vertiv Holdings Co (NYSE:VRT)

Advisory Services Network LLC grew its holdings in Vertiv Holdings Co (NYSE:VRT - Free Report) by 32.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,809 shares of the company's stock after acquiring an additional 16,247 shares during the period. Advisory Services Network LLC's holdings in Vertiv were worth $7,477,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA bought a new stake in Vertiv in the 4th quarter valued at $597,379,000. Norges Bank purchased a new position in shares of Vertiv during the fourth quarter valued at about $391,777,000. Jennison Associates LLC grew its position in shares of Vertiv by 68.6% during the fourth 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 in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Vertiv by 136.9% in 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 during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Vertiv by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock valued at $4,130,415,000 after buying an additional 1,244,780 shares during the last quarter. Institutional investors own 89.92% of the company's stock.

Vertiv Trading Up 2.4 %

VRT stock traded up $1.66 during midday trading on Friday, reaching $69.39. The company's stock had a trading volume of 8,182,977 shares, compared to its average volume of 9,021,713. The firm has a market capitalization 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 Holdings Co has a 1 year low of $53.60 and a 1 year high of $155.84. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The stock has a fifty day simple moving average of $89.17 and a two-hundred day simple moving average of $109.56.

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Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly 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 posted $0.56 EPS. On average, equities research 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 issued a dividend of $0.0375 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.22%. Vertiv's payout ratio is currently 11.72%.

Analyst Ratings Changes

VRT has been the topic of a number of research reports. Roth Capital raised Vertiv to a "strong-buy" rating in a research note on Monday, April 7th. Melius Research restated a "hold" rating and issued a $125.00 price target on shares of Vertiv in a research report on Tuesday, January 28th. Morgan Stanley initiated coverage on shares of Vertiv in a research report on Monday, January 6th. They set an "overweight" rating and a $150.00 price objective for the company. Barclays reduced their target price on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a report on Friday, April 4th. Finally, Evercore ISI lowered their price target on shares of Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a report on Friday, January 17th. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $125.50.

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.