Blair William & Co. IL Increases Stake in Vertiv Holdings Co (NYSE:VRT)

Blair William & Co. IL increased its holdings in Vertiv Holdings Co (NYSE:VRT - Free Report) by 979.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 74,158 shares of the company's stock after purchasing an additional 67,290 shares during the quarter. Blair William & Co. IL's holdings in Vertiv were worth $8,425,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Algert Global LLC purchased a new position in shares of Vertiv in the third quarter valued at about $518,000. Larson Financial Group LLC raised its stake in Vertiv by 232.9% in the third quarter. Larson Financial Group LLC now owns 839 shares of the company's stock worth $83,000 after buying an additional 587 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of Vertiv by 30.5% in the 3rd quarter. Bank of Montreal Can now owns 204,281 shares of the company's stock valued at $20,103,000 after purchasing an additional 47,750 shares during the period. The Manufacturers Life Insurance Company grew its stake in Vertiv by 25.5% in the third quarter. The Manufacturers Life Insurance Company now owns 38,306 shares of the company's stock worth $3,811,000 after purchasing an additional 7,783 shares during the period. Finally, Brooklyn Investment Group purchased a new stake in shares of Vertiv in the 3rd quarter worth about $30,000. 89.92% of the stock is owned by institutional investors.

Vertiv Trading Up 2.9 %

Shares of Vertiv stock traded up $2.10 during trading on Tuesday, hitting $74.30. The stock had a trading volume of 7,265,607 shares, compared to its average volume of 10,639,396. The stock has a market cap of $28.29 billion, a PE ratio of 58.05, a PEG 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 firm's fifty day simple moving average is $101.47 and its 200-day simple moving average is $111.58. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02.

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Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly 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 return on equity of 61.41% and a net margin of 6.19%. During the same period in the prior year, the business earned $0.56 EPS. As a group, sell-side analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were issued 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 0.20%. Vertiv's payout ratio is 11.72%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on VRT shares. Citigroup lifted their price target on shares of Vertiv from $141.00 to $155.00 and gave the company a "buy" rating in a research report on Monday, December 9th. Evercore ISI cut their price target on Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a research note on Friday, January 17th. Fox Advisors initiated coverage on Vertiv in a research report on Monday, January 6th. They set an "equal weight" rating for the company. Morgan Stanley assumed coverage on Vertiv in a report on Monday, January 6th. They issued an "overweight" rating and a $150.00 target price on the stock. Finally, Barclays reduced 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. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Vertiv presently has a consensus rating of "Moderate Buy" and an average price target of $135.33.

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.