Arnhold LLC trimmed its stake in Vertiv Holdings Co (NYSE:VRT - Free Report) by 20.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 216,847 shares of the company's stock after selling 54,767 shares during the period. Vertiv comprises about 2.4% of Arnhold LLC's investment portfolio, making the stock its 8th biggest position. Arnhold LLC owned about 0.06% of Vertiv worth $24,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in the stock. SOA Wealth Advisors LLC. bought a new position in Vertiv during the fourth quarter valued at about $26,000. OLD Second National Bank of Aurora bought a new stake in shares of Vertiv during the fourth quarter valued at approximately $30,000. Tradewinds Capital Management LLC raised its stake in shares of Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock valued at $33,000 after purchasing an additional 111 shares in the last quarter. FNY Investment Advisers LLC bought a new position in Vertiv in the fourth quarter worth $34,000. Finally, Pittenger & Anderson Inc. boosted its stake in Vertiv by 92.0% during the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock worth $36,000 after buying an additional 150 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on VRT shares. JPMorgan Chase & Co. dropped their price objective on shares of Vertiv from $132.00 to $100.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Cowen reissued a "buy" rating on shares of Vertiv in a research report on Thursday. Morgan Stanley decreased their price objective on Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a report on Thursday. KGI Securities began coverage on Vertiv in a research note on Thursday. They issued a "hold" rating on the stock. Finally, Royal Bank of Canada initiated coverage on Vertiv in a research report on Friday, March 7th. They set an "outperform" rating and a $121.00 target price for the company. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $120.38.
View Our Latest Research Report on Vertiv
Vertiv Trading Up 7.4 %
VRT opened at $83.75 on Friday. Vertiv Holdings Co has a 1-year low of $53.60 and a 1-year high of $155.84. The firm has a 50-day moving average price of $81.52 and a two-hundred day moving average price of $107.71. The stock has a market capitalization of $31.89 billion, a PE ratio of 65.43, a PEG ratio of 1.07 and a beta of 1.71. 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 posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.02. The firm had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $1.94 billion. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. As a group, equities analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.
Vertiv Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.18%. The ex-dividend date was Tuesday, March 18th. Vertiv's dividend payout ratio is 8.72%.
About Vertiv
(
Free Report)
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.
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