Legal & General Group Plc lowered its holdings in Vertiv Holdings Co (NYSE:VRT - Free Report) by 12.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,665,040 shares of the company's stock after selling 235,954 shares during the period. Legal & General Group Plc owned approximately 0.44% of Vertiv worth $189,165,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of VRT. SOA Wealth Advisors LLC. bought a new stake in shares of Vertiv in the 4th quarter valued at about $26,000. OLD Second National Bank of Aurora purchased a new position in Vertiv during the fourth quarter valued at $30,000. Tradewinds Capital Management LLC lifted its holdings in shares of Vertiv by 61.3% during the fourth 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 in the 4th quarter worth about $34,000. Finally, Pittenger & Anderson Inc. lifted its stake in shares of Vertiv by 92.0% in the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock worth $36,000 after buying an additional 150 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several research firms recently commented on VRT. Evercore ISI dropped their price objective on Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a research report on Friday, January 17th. Fox Advisors assumed coverage on Vertiv in a report on Monday, January 6th. They issued an "equal weight" rating on the stock. 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 report on Tuesday, January 28th. Roth Capital raised Vertiv to a "strong-buy" rating in a research note on Monday, April 7th. Finally, Barclays dropped their target price on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a research report on Friday, April 4th. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $125.50.
Check Out Our Latest Stock Analysis on Vertiv
Vertiv Trading Up 3.3 %
Vertiv stock traded up $2.27 during mid-day trading on Monday, hitting $71.88. The company's stock had a trading volume of 2,641,516 shares, compared to its average volume of 8,997,239. Vertiv Holdings Co has a one year low of $53.60 and a one year high of $155.84. The stock has a market cap of $27.37 billion, a PE ratio of 56.16, a P/E/G ratio of 1.07 and a beta of 1.71. The company has a 50 day moving average of $89.17 and a 200-day moving average of $109.56. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65.
Vertiv (NYSE:VRT - Get Free Report) last issued its earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.15. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. During the same quarter last year, the firm earned $0.56 EPS. On average, research analysts anticipate 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 $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.21%. Vertiv's payout ratio is presently 11.72%.
Vertiv Company Profile
(
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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