Vertiv Holdings Co (NYSE:VRT) Shares Sold by Ceeto Capital Group LLC

Ceeto Capital Group LLC cut its stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 90.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,000 shares of the company's stock after selling 10,000 shares during the period. Ceeto Capital Group LLC's holdings in Vertiv were worth $114,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. SOA Wealth Advisors LLC. purchased a new position in Vertiv during the 4th quarter valued at about $26,000. OLD Second National Bank of Aurora purchased a new position in shares of Vertiv in the fourth quarter valued at approximately $30,000. Tradewinds Capital Management LLC grew its holdings 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 in the last quarter. FNY Investment Advisers LLC purchased a new stake in Vertiv during the 4th quarter worth approximately $34,000. Finally, Pittenger & Anderson Inc. lifted its holdings in 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 in the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Melius Research reaffirmed a "hold" rating and set a $125.00 price objective on shares of Vertiv in a research report on Tuesday, January 28th. Morgan Stanley began coverage on Vertiv in a report on Monday, January 6th. They set an "overweight" rating and a $150.00 price target on the stock. Barclays decreased their price objective 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. Evercore ISI cut their target price on shares of Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a research note on Friday, January 17th. Finally, Royal Bank of Canada initiated coverage on shares of Vertiv in a research report on Friday, March 7th. They set an "outperform" rating and a $121.00 price objective for the company. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Vertiv has an average rating of "Moderate Buy" and a consensus price target of $125.50.

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Vertiv Trading Up 2.4 %

VRT stock traded up $1.66 during trading on Friday, reaching $69.39. 8,182,977 shares of the stock traded hands, compared to its average volume of 9,021,713. The firm has a market capitalization of $26.42 billion, a PE ratio of 54.21, a P/E/G ratio of 1.07 and a beta of 1.71. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The business's 50 day moving average price is $89.17 and its 200-day moving average price is $109.56. Vertiv Holdings Co has a 52-week low of $53.60 and a 52-week high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 prior year, the firm posted $0.56 earnings per share. As a group, sell-side analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were paid a dividend of $0.0375 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.22%. Vertiv's dividend payout ratio is currently 11.72%.

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.