MGO One Seven LLC Buys 5,573 Shares of Vertiv Holdings Co (NYSE:VRT)

MGO One Seven LLC increased its stake in Vertiv Holdings Co (NYSE:VRT - Free Report) by 54.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,885 shares of the company's stock after buying an additional 5,573 shares during the period. MGO One Seven LLC's holdings in Vertiv were worth $1,805,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of VRT. Vanguard Group Inc. lifted its stake in shares of Vertiv by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock valued at $4,130,415,000 after purchasing an additional 1,244,780 shares during the period. Jennison Associates LLC boosted its holdings in shares of Vertiv by 68.6% during the 4th quarter. Jennison Associates LLC now owns 7,754,347 shares of the company's stock valued at $880,971,000 after buying an additional 3,153,932 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Vertiv by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company's stock worth $688,260,000 after buying an additional 99,181 shares during the period. Massachusetts Financial Services Co. MA bought a new position in shares of Vertiv in the 4th quarter worth about $597,379,000. Finally, Wellington Management Group LLP boosted its stake in Vertiv by 25.3% during the fourth quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company's stock worth $557,349,000 after acquiring an additional 990,361 shares in the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on VRT. The Goldman Sachs Group lowered their target price on shares of Vertiv from $135.00 to $85.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Morgan Stanley dropped their target price on Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a report on Thursday. Melius downgraded Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price target for the company. in a report on Tuesday, January 28th. Roth Mkm assumed coverage on shares of Vertiv in a research note on Tuesday, April 8th. They issued a "buy" rating and a $75.00 price target on the stock. Finally, Cowen reaffirmed a "buy" rating on shares of Vertiv in a report on Thursday. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $120.38.

Vertiv Stock Up 7.4 %

VRT opened at $83.75 on Friday. Vertiv Holdings Co has a 1-year low of $53.60 and a 1-year high of $155.84. The firm's 50 day simple moving average is $81.52 and its two-hundred day simple moving average is $107.71. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $31.89 billion, a PE ratio of 65.43, a PEG ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.02. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The company had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.94 billion. As a group, equities analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.18%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv's dividend payout ratio (DPR) is currently 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.

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