B. Metzler seel. Sohn & Co. AG increased its holdings in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 43.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,565 shares of the company's stock after purchasing an additional 3,830 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Vertiv were worth $1,428,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. SOA Wealth Advisors LLC. purchased a new stake in shares of Vertiv in the fourth quarter worth about $26,000. OLD Second National Bank of Aurora purchased a new position in Vertiv in the 4th quarter worth approximately $30,000. Tradewinds Capital Management LLC grew its position in 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 acquiring an additional 111 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Vertiv during the fourth quarter valued at approximately $34,000. Finally, Pittenger & Anderson Inc. lifted its position in shares of Vertiv by 92.0% during the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock worth $36,000 after purchasing an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.
Vertiv Stock Performance
Shares of NYSE:VRT traded down $9.60 on Thursday, reaching $67.51. 14,028,079 shares of the company's stock were exchanged, compared to its average volume of 8,811,203. The business's 50-day moving average is $96.97 and its two-hundred day moving average is $110.97. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. Vertiv Holdings Co has a fifty-two week low of $62.40 and a fifty-two week high of $155.84. The firm has a market capitalization of $25.71 billion, a price-to-earnings ratio of 52.74, a PEG ratio of 1.07 and a beta of 1.71.
Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings data 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 net margin of 6.19% and a return on equity of 61.41%. During the same quarter last year, the business earned $0.56 EPS. As a group, equities research analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current year.
Vertiv Dividend Announcement
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 dividend of $0.0375 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a yield of 0.22%. Vertiv's payout ratio is currently 11.72%.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada began coverage on shares of Vertiv in a report on Friday, March 7th. They set an "outperform" rating and a $121.00 price target for the company. Melius Research reaffirmed a "hold" rating and set a $125.00 target price on shares of Vertiv in a research report on Tuesday, January 28th. Barclays cut their price target on Vertiv from $111.00 to $100.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 26th. Fox Advisors started coverage on Vertiv in a research note on Monday, January 6th. They set an "equal weight" rating for the company. Finally, Morgan Stanley began coverage on Vertiv in a research report on Monday, January 6th. They issued an "overweight" rating and a $150.00 target price on the stock. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Vertiv currently has an average rating of "Moderate Buy" and an average target price of $135.33.
Read Our Latest Report on VRT
Vertiv Profile
(
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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