Bank of Montreal Can Purchases 63,348 Shares of Vertiv Holdings Co (NYSE:VRT)

Bank of Montreal Can lifted its stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 31.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 267,629 shares of the company's stock after purchasing an additional 63,348 shares during the period. Bank of Montreal Can owned approximately 0.07% of Vertiv worth $30,405,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. SOA Wealth Advisors LLC. acquired a new position in Vertiv during the 4th quarter valued at about $26,000. OLD Second National Bank of Aurora acquired a new position in Vertiv in the fourth quarter valued at approximately $30,000. Tradewinds Capital Management LLC boosted its stake 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 during the last quarter. FNY Investment Advisers LLC acquired a new stake in Vertiv during the 4th quarter worth $34,000. Finally, Pittenger & Anderson Inc. lifted its stake in shares of Vertiv by 92.0% in the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock valued at $36,000 after purchasing an additional 150 shares during the period. 89.92% of the stock is owned by institutional investors.

Vertiv Stock Up 1.9 %

NYSE VRT traded up $1.34 during trading on Tuesday, hitting $72.91. The stock had a trading volume of 1,645,968 shares, compared to its average volume of 8,988,189. The company has a market capitalization of $27.76 billion, a PE ratio of 56.99, a P/E/G ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a 12 month low of $53.60 and a 12 month high of $155.84. The company's 50-day moving average price is $88.22 and its two-hundred day moving average price is $109.37. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65.

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Vertiv (NYSE:VRT - Get Free Report) last announced its 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 quarter in the previous year, the business 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 declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.21%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv's dividend payout ratio (DPR) is 11.72%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on VRT shares. Morgan Stanley began coverage on Vertiv in a report on Monday, January 6th. They issued an "overweight" rating and a $150.00 price objective for the company. Barclays lowered their price target on Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a research note on Friday, April 4th. Roth Capital raised shares of Vertiv to a "strong-buy" rating in a research note on Monday, April 7th. Melius Research reaffirmed a "hold" rating and issued a $125.00 target price on shares of Vertiv in a research note on Tuesday, January 28th. Finally, Citigroup reduced their price target on shares of Vertiv from $153.00 to $98.00 and set a "buy" rating on the stock in a research report on Monday. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Vertiv currently has an average rating of "Moderate Buy" and an average target price of $121.94.

Vertiv 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.