Corient Private Wealth LLC Grows Stake in Vertiv Holdings Co (NYSE:VRT)

Corient Private Wealth LLC raised its position in Vertiv Holdings Co (NYSE:VRT - Free Report) by 94.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,872 shares of the company's stock after acquiring an additional 14,042 shares during the quarter. Corient Private Wealth LLC's holdings in Vertiv were worth $3,280,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of VRT. Fifth Third Bancorp increased its position 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 buying an additional 84 shares in the last quarter. Accurate Wealth Management LLC boosted its stake in shares of 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 during the period. Tradewinds Capital Management LLC grew its position in shares of Vertiv by 61.3% during the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock worth $33,000 after purchasing an additional 111 shares in the last quarter. Bouvel Investment Partners LLC raised its stake in Vertiv by 1.1% during the 4th quarter. Bouvel Investment Partners LLC now owns 11,097 shares of the company's stock valued at $1,261,000 after purchasing an additional 117 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Vertiv by 16.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 837 shares of the company's stock worth $95,000 after purchasing 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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Vertiv Trading Down 2.5 %

NYSE:VRT traded down $2.30 during mid-day trading on Tuesday, hitting $91.39. 2,481,730 shares of the stock traded hands, compared to its average volume of 8,522,945. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $34.80 billion, a price-to-earnings ratio of 71.57, a PEG ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a 52 week low of $62.40 and a 52 week high of $155.84. The firm's 50 day moving average is $106.85 and its two-hundred day moving average is $111.55.

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. On average, equities research analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 18th will be issued a dividend of $0.0375 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a yield of 0.16%. Vertiv's payout ratio is 11.72%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on VRT shares. Evercore ISI cut their price objective on shares of Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a report on Friday, January 17th. Fox Advisors began coverage on shares of Vertiv in a research note on Monday, January 6th. They set an "equal weight" rating for the company. Citigroup boosted their price target on shares of Vertiv from $141.00 to $155.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Melius Research restated a "hold" rating and set a $125.00 price objective on shares of Vertiv in a research report on Tuesday, January 28th. Finally, Barclays decreased their target price on Vertiv from $131.00 to $111.00 and set an "equal weight" rating on the stock in a research report on Monday, March 3rd. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $136.07.

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.