Grandeur Peak Global Advisors LLC Acquires 9,185 Shares of Vertiv Holdings Co (NYSE:VRT)

Grandeur Peak Global Advisors LLC grew its holdings in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 62.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,916 shares of the company's stock after acquiring an additional 9,185 shares during the quarter. Grandeur Peak Global Advisors LLC's holdings in Vertiv were worth $2,717,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. EP Wealth Advisors LLC raised its position in Vertiv by 43.4% in the third quarter. EP Wealth Advisors LLC now owns 4,278 shares of the company's stock valued at $426,000 after purchasing an additional 1,294 shares during the last quarter. National Bank of Canada FI raised its holdings in Vertiv by 12.3% in the 3rd quarter. National Bank of Canada FI now owns 6,164 shares of the company's stock valued at $613,000 after buying an additional 677 shares during the last quarter. Orion Portfolio Solutions LLC grew its holdings in Vertiv by 65.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,665 shares of the company's stock worth $1,857,000 after acquiring an additional 7,391 shares during the last quarter. MML Investors Services LLC grew its holdings in Vertiv by 14.8% during the 3rd quarter. MML Investors Services LLC now owns 30,716 shares of the company's stock worth $3,056,000 after acquiring an additional 3,956 shares during the last quarter. Finally, Barclays PLC increased its position in Vertiv by 51.4% in the 3rd quarter. Barclays PLC now owns 431,586 shares of the company's stock valued at $42,940,000 after acquiring an additional 146,463 shares during the period. Institutional investors own 89.92% of the company's stock.

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Vertiv Stock Up 2.4 %

Shares of Vertiv stock traded up $1.66 during trading hours on Friday, reaching $69.39. The company's stock had a trading volume of 8,182,977 shares, compared to its average volume of 9,021,713. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The stock's fifty day simple moving average is $89.17 and its two-hundred day simple moving average is $109.56. The company has a market capitalization of $26.42 billion, a P/E ratio of 54.21, a P/E/G ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a one year low of $53.60 and a one year high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 EPS 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 firm earned $0.56 earnings per share. On average, research analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

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

Analysts Set New Price Targets

VRT has been the subject of a number of recent research reports. The Goldman Sachs Group decreased their price objective on Vertiv from $135.00 to $85.00 and set a "buy" rating for the company in a report on Thursday. Evercore ISI decreased their price target on Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a research note on Friday, January 17th. JPMorgan Chase & Co. cut their price objective on Vertiv from $132.00 to $100.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley began coverage on shares of Vertiv in a research report on Monday, January 6th. They set an "overweight" rating and a $150.00 target price for the company. Finally, Melius downgraded shares of 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. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $125.50.

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.