10,442 Shares in Vertiv Holdings Co (NYSE:VRT) Acquired by Allstate Corp

Allstate Corp bought a new position in Vertiv Holdings Co (NYSE:VRT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 10,442 shares of the company's stock, valued at approximately $1,186,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VRT. Horizon Investment Services LLC boosted its stake in shares of Vertiv by 4.1% in the fourth quarter. Horizon Investment Services LLC now owns 2,410 shares of the company's stock worth $274,000 after acquiring an additional 95 shares during the period. denkapparat Operations GmbH bought a new position in Vertiv in the 4th quarter worth approximately $232,000. Nomura Asset Management Co. Ltd. grew its holdings in Vertiv by 8.1% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 303,717 shares of the company's stock valued at $34,505,000 after buying an additional 22,733 shares in the last quarter. New Age Alpha Advisors LLC raised its position in shares of Vertiv by 20.5% during the fourth quarter. New Age Alpha Advisors LLC now owns 30,000 shares of the company's stock valued at $3,408,000 after buying an additional 5,100 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Vertiv in the fourth quarter worth $391,777,000. Institutional investors own 89.92% of the company's stock.

Analyst Ratings Changes

VRT has been the topic of a number of research reports. Royal Bank of Canada assumed coverage on shares of Vertiv in a report on Friday, March 7th. They issued an "outperform" rating and a $121.00 price target on the stock. Fox Advisors started coverage on Vertiv in a research report on Monday, January 6th. They set an "equal weight" rating for the company. 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. Barclays cut their price target on Vertiv from $111.00 to $100.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Finally, Evercore ISI decreased their price objective on Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a report on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $135.33.

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Vertiv Trading Up 4.3 %

Shares of VRT stock traded up $3.09 during trading hours on Tuesday, reaching $75.29. 10,125,749 shares of the stock were exchanged, compared to its average volume of 8,772,374. The firm has a market capitalization of $28.67 billion, a price-to-earnings ratio of 58.82, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a 12-month low of $62.40 and a 12-month high of $155.84. The company's 50-day moving average price is $101.47 and its 200-day moving average price is $111.58. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19.

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

Vertiv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv's dividend payout ratio is currently 11.72%.

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.