Vertiv Holdings Co (NYSE:VRT) Shares Sold by CenterBook Partners LP

CenterBook Partners LP trimmed its holdings in Vertiv Holdings Co (NYSE:VRT - Free Report) by 32.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,281 shares of the company's stock after selling 5,905 shares during the quarter. CenterBook Partners LP's holdings in Vertiv were worth $1,395,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in VRT. SOA Wealth Advisors LLC. acquired a new position in shares of Vertiv during the fourth quarter worth $26,000. OLD Second National Bank of Aurora purchased a new stake in shares of Vertiv in the fourth quarter worth about $30,000. Tradewinds Capital Management LLC grew its stake in shares of Vertiv by 61.3% during the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock worth $33,000 after purchasing an additional 111 shares during the period. FNY Investment Advisers LLC acquired a new stake in Vertiv during the fourth quarter valued at $34,000. Finally, Pittenger & Anderson Inc. increased its holdings in Vertiv by 92.0% in the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock valued at $36,000 after buying an additional 150 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on VRT shares. Roth Capital upgraded Vertiv to a "strong-buy" rating in a research report on Monday, April 7th. Barclays dropped their price target on Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a research report on Friday, April 4th. JPMorgan Chase & Co. dropped their price objective on shares of Vertiv from $132.00 to $100.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Fox Advisors started coverage on Vertiv in a report on Monday, January 6th. They set an "equal weight" rating on the stock. Finally, Morgan Stanley started coverage on Vertiv in a research note on Monday, January 6th. They issued an "overweight" rating and a $150.00 target price for the company. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price 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 9,009,290. The business's 50 day moving average price is $89.17 and its 200-day moving average price is $109.50. 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. 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 quarterly earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating 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 earned $0.56 EPS. 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 business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were given a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.22%. The ex-dividend date was Tuesday, March 18th. Vertiv's payout ratio is 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.