5,370 Shares in Vertiv Holdings Co (NYSE:VRT) Bought by Allianz SE

Allianz SE acquired a new stake in Vertiv Holdings Co (NYSE:VRT - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,370 shares of the company's stock, valued at approximately $624,000.

Several other hedge funds have also recently bought and sold shares of the company. SOA Wealth Advisors LLC. acquired a new stake in shares of Vertiv in the fourth quarter valued at $26,000. OLD Second National Bank of Aurora acquired a new stake in Vertiv in the 4th quarter valued at about $30,000. Tradewinds Capital Management LLC boosted its stake in shares of Vertiv by 61.3% in the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock valued at $33,000 after buying an additional 111 shares during the period. Mark Sheptoff Financial Planning LLC increased its stake in shares of Vertiv by 200.0% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company's stock worth $30,000 after buying an additional 200 shares during the period. Finally, FNY Investment Advisers LLC acquired a new position in Vertiv during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Vertiv Stock Performance

Shares of NYSE:VRT traded up $3.09 on Tuesday, reaching $75.29. The company's stock had a trading volume of 10,125,749 shares, compared to its average volume of 8,772,374. Vertiv Holdings Co has a 52-week low of $62.40 and a 52-week high of $155.84. The stock has a market capitalization of $28.67 billion, a P/E ratio of 58.82, a PEG ratio of 1.07 and a beta of 1.71. The stock's 50-day moving average is $101.47 and its two-hundred day moving average is $111.58. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02.

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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, topping the consensus estimate of $0.84 by $0.15. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. During the same quarter in the prior year, the firm earned $0.56 earnings per share. As a group, sell-side analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were paid a $0.0375 dividend. 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 (DPR) is 11.72%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on VRT. Evercore ISI dropped their target price on Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a report on Friday, January 17th. Fox Advisors began coverage on Vertiv in a research report on Monday, January 6th. They set an "equal weight" rating on the stock. Morgan Stanley assumed coverage on Vertiv in a report on Monday, January 6th. They issued an "overweight" rating and a $150.00 price target for the company. Citigroup raised their price objective on shares of Vertiv from $141.00 to $155.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Finally, Royal Bank of Canada began coverage on shares of Vertiv in a report on Friday, March 7th. They issued an "outperform" rating and a $121.00 target price for the company. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company 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.