Dnca Finance Buys 22,000 Shares of Vertiv Holdings Co (NYSE:VRT)

Dnca Finance grew its stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 125.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,500 shares of the company's stock after purchasing an additional 22,000 shares during the quarter. Dnca Finance's holdings in Vertiv were worth $4,488,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SOA Wealth Advisors LLC. bought a new stake in Vertiv during the fourth quarter worth $26,000. OLD Second National Bank of Aurora bought a new stake in shares of Vertiv in the 4th quarter valued at about $30,000. Tradewinds Capital Management LLC lifted its stake in Vertiv by 61.3% in the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock valued at $33,000 after purchasing an additional 111 shares during the last quarter. FNY Investment Advisers LLC bought a new position in Vertiv during the fourth quarter worth about $34,000. Finally, Pittenger & Anderson Inc. increased its position in Vertiv by 92.0% during the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock worth $36,000 after buying an additional 150 shares during the last quarter. Institutional investors own 89.92% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Roth Mkm started coverage on Vertiv in a research note on Tuesday, April 8th. They set a "buy" rating and a $75.00 target price for the company. Roth Capital raised shares of Vertiv to a "strong-buy" rating in a research report on Monday, April 7th. The Goldman Sachs Group dropped their price objective on shares of Vertiv from $135.00 to $85.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Fox Advisors assumed coverage on shares of Vertiv in a report on Monday, January 6th. They set an "equal weight" rating for the company. Finally, Royal Bank of Canada assumed coverage on shares of Vertiv in a report on Friday, March 7th. They issued an "outperform" rating and a $121.00 price target on the stock. Four equities research 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 stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $121.94.

Vertiv Price Performance

Vertiv stock traded up $9.08 during trading hours on Wednesday, reaching $80.90. 16,903,854 shares of the stock were exchanged, compared to its average volume of 9,065,337. The stock has a 50 day moving average of $82.61 and a two-hundred day moving average of $108.08. The company has a market cap of $30.80 billion, a P/E ratio of 63.20, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. Vertiv Holdings Co has a twelve month low of $53.60 and a twelve month high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. The business had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $1.94 billion. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. Equities analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were given a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date was Tuesday, March 18th. Vertiv's dividend payout ratio is presently 11.72%.

Vertiv Company 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.