First Trust Advisors LP Sells 57,216 Shares of Vertiv Holdings Co (NYSE:VRT)

First Trust Advisors LP cut its holdings in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 10.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 515,920 shares of the company's stock after selling 57,216 shares during the quarter. First Trust Advisors LP owned about 0.14% of Vertiv worth $58,614,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of VRT. Forum Financial Management LP bought a new position in Vertiv during the fourth quarter valued at about $307,000. Arrow Capital Pty Ltd acquired a new stake in shares of Vertiv during the 4th quarter worth approximately $1,101,000. Canada Pension Plan Investment Board bought a new stake in shares of Vertiv during the fourth quarter valued at approximately $17,465,000. NewEdge Advisors LLC raised its stake in shares of Vertiv by 10.4% in the fourth quarter. NewEdge Advisors LLC now owns 95,420 shares of the company's stock valued at $10,841,000 after purchasing an additional 8,982 shares in the last quarter. Finally, Insigneo Advisory Services LLC lifted its position in Vertiv by 5.4% in the fourth quarter. Insigneo Advisory Services LLC now owns 5,152 shares of the company's stock worth $585,000 after purchasing an additional 265 shares during the period. 89.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

VRT has been the topic of a number of analyst reports. Fox Advisors began coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an "equal weight" rating on the stock. Melius Research reissued a "hold" rating and issued a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. Melius cut Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price target on the stock. in a research report on Tuesday, January 28th. Roth Mkm began coverage on Vertiv in a research note on Tuesday, April 8th. They set a "buy" rating and a $75.00 price objective for the company. Finally, JPMorgan Chase & Co. reduced their target price on shares of Vertiv from $132.00 to $100.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Vertiv presently has an average rating of "Moderate Buy" and an average price target of $120.38.

Vertiv Trading Up 3.8 %

Shares of VRT stock traded up $3.18 on Friday, reaching $87.06. The company had a trading volume of 14,306,641 shares, compared to its average volume of 9,060,990. The company has a 50-day moving average of $81.52 and a 200-day moving average of $107.71. Vertiv Holdings Co has a 12 month low of $53.60 and a 12 month high of $155.84. The stock has a market cap of $33.15 billion, a PE ratio of 68.02, a PEG 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 (NYSE:VRT - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. On average, equities analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were issued 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 0.17%. Vertiv's payout ratio is 8.72%.

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.