Bank of Nova Scotia Has $1.89 Million Holdings in Vertiv Holdings Co (NYSE:VRT)

Bank of Nova Scotia lifted its position in Vertiv Holdings Co (NYSE:VRT - Free Report) by 31.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,615 shares of the company's stock after buying an additional 3,997 shares during the quarter. Bank of Nova Scotia's holdings in Vertiv were worth $1,888,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. SOA Wealth Advisors LLC. bought a new stake in shares of Vertiv during the 4th quarter worth about $26,000. OLD Second National Bank of Aurora acquired a new position in Vertiv during the fourth quarter valued at approximately $30,000. Tradewinds Capital Management LLC raised its position 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 during the period. FNY Investment Advisers LLC acquired a new stake in shares of Vertiv in the fourth quarter worth $34,000. Finally, Pittenger & Anderson Inc. boosted its holdings in shares of Vertiv by 92.0% during the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock worth $36,000 after buying an additional 150 shares during the period. Institutional investors own 89.92% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Melius Research reissued a "hold" rating and set a $125.00 target price on shares of Vertiv in a research report on Tuesday, January 28th. Citigroup cut their price objective on Vertiv from $153.00 to $98.00 and set a "buy" rating for the company in a research report on Monday. Morgan Stanley began coverage on Vertiv in a report on Monday, January 6th. They issued an "overweight" rating and a $150.00 target price on the stock. JPMorgan Chase & Co. cut their price target on Vertiv from $132.00 to $100.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, Roth Capital upgraded shares of Vertiv to a "strong-buy" rating in a research note on Monday, April 7th. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Vertiv has a consensus rating of "Moderate Buy" and an average price target of $121.94.

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Vertiv Price Performance

Shares of VRT stock traded down $0.89 during trading hours on Wednesday, hitting $71.82. The company had a trading volume of 12,603,383 shares, compared to its average volume of 9,028,852. Vertiv Holdings Co has a 12 month low of $53.60 and a 12 month high of $155.84. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The firm's fifty day moving average is $87.28 and its 200 day moving average is $109.12. The firm has a market capitalization of $27.35 billion, a price-to-earnings ratio of 56.11, a PEG ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT - Get Free Report) last posted its 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 net margin of 6.19% and a return on equity of 61.41%. During the same period last year, the business posted $0.56 EPS. On average, sell-side analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv's dividend payout ratio is currently 11.72%.

About Vertiv

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.