Bowen Hanes & Co. Inc. Acquires 206,545 Shares of Vertiv Holdings Co (NYSE:VRT)

Bowen Hanes & Co. Inc. increased its position in Vertiv Holdings Co (NYSE:VRT - Free Report) by 810.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 232,045 shares of the company's stock after purchasing an additional 206,545 shares during the period. Bowen Hanes & Co. Inc. owned 0.06% of Vertiv worth $26,363,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fifth Third Bancorp boosted its holdings in Vertiv by 8.1% in the fourth quarter. Fifth Third Bancorp now owns 1,126 shares of the company's stock worth $128,000 after acquiring an additional 84 shares in the last quarter. Accurate Wealth Management LLC boosted its holdings in Vertiv by 4.1% in the fourth quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company's stock worth $254,000 after acquiring an additional 87 shares in the last quarter. Tradewinds Capital Management LLC boosted its holdings in Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock worth $33,000 after acquiring an additional 111 shares in the last quarter. Bouvel Investment Partners LLC boosted its holdings in Vertiv by 1.1% in the fourth quarter. Bouvel Investment Partners LLC now owns 11,097 shares of the company's stock worth $1,261,000 after acquiring an additional 117 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Vertiv by 16.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 837 shares of the company's stock worth $95,000 after acquiring an additional 121 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several equities research analysts have commented on VRT shares. The Goldman Sachs Group boosted their target price on Vertiv from $126.00 to $140.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Melius downgraded Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price target on the stock. in a report on Tuesday, January 28th. Barclays lowered their price target on Vertiv from $131.00 to $111.00 and set an "equal weight" rating on the stock in a report on Monday, March 3rd. Morgan Stanley started coverage on Vertiv in a report on Monday, January 6th. They set an "overweight" rating and a $150.00 price target on the stock. Finally, Evercore ISI lowered their price target on Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a report on Friday, January 17th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $136.07.

Vertiv Stock Performance

VRT traded down $1.92 during midday trading on Thursday, reaching $83.46. The company had a trading volume of 8,074,362 shares, compared to its average volume of 10,981,291. 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 1 year low of $62.40 and a 1 year high of $155.84. The business has a 50-day moving average of $112.45 and a two-hundred day moving average of $110.61. The company has a market cap of $31.78 billion, a P/E ratio of 65.20, a P/E/G ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) 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 quarter in the previous year, the company earned $0.56 earnings per share. As a group, equities research analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 18th will be paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.18%. The ex-dividend date is Tuesday, March 18th. Vertiv's payout ratio is presently 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.