L & S Advisors Inc decreased its position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 25.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,196 shares of the company's stock after selling 5,780 shares during the quarter. L & S Advisors Inc's holdings in Vertiv were worth $1,954,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in VRT. Allianz SE purchased a new position in shares of Vertiv in the 4th quarter valued at about $624,000. Allstate Corp acquired a new stake in Vertiv in the fourth quarter valued at approximately $1,186,000. Horizon Investment Services LLC increased its position in shares of Vertiv by 4.1% in the fourth quarter. Horizon Investment Services LLC now owns 2,410 shares of the company's stock valued at $274,000 after buying an additional 95 shares in the last quarter. denkapparat Operations GmbH acquired a new position in shares of Vertiv during the 4th quarter worth approximately $232,000. Finally, Nomura Asset Management Co. Ltd. lifted its position in shares of Vertiv by 8.1% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 303,717 shares of the company's stock valued at $34,505,000 after buying an additional 22,733 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.
Vertiv Trading Up 4.1 %
Shares of NYSE:VRT traded up $2.96 during mid-day trading on Tuesday, reaching $75.16. 8,129,802 shares of the company were exchanged, compared to its average volume of 8,767,207. Vertiv Holdings Co has a 1 year low of $62.40 and a 1 year high of $155.84. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The firm's 50-day simple moving average is $101.47 and its 200 day simple moving average is $111.58. The firm has a market cap of $28.62 billion, a price-to-earnings ratio of 58.62, a P/E/G ratio of 1.07 and a beta of 1.71.
Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings results 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 quarter last year, the company earned $0.56 earnings per share. Equities research analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current year.
Vertiv Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were given a dividend of $0.0375 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.20%. Vertiv's dividend payout ratio is presently 11.72%.
Wall Street Analysts Forecast Growth
VRT has been the subject of a number of research analyst reports. Royal Bank of Canada initiated coverage on shares of Vertiv in a research report on Friday, March 7th. They set an "outperform" rating and a $121.00 price objective for the company. Citigroup upped their price target on shares of Vertiv from $141.00 to $155.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. Morgan Stanley started coverage on Vertiv in a report on Monday, January 6th. They issued an "overweight" rating and a $150.00 price objective on the stock. Fox Advisors started coverage on Vertiv in a report on Monday, January 6th. They set an "equal weight" rating for the company. Finally, Evercore ISI lowered their price target on Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a research note on Friday, January 17th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $135.33.
Check Out Our Latest Stock Analysis on VRT
About Vertiv
(
Free Report)
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.
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