Mirabella Financial Services LLP Sells 36,544 Shares of Vertiv Holdings Co (NYSE:VRT)

Mirabella Financial Services LLP decreased its position in Vertiv Holdings Co (NYSE:VRT - Free Report) by 83.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,106 shares of the company's stock after selling 36,544 shares during the period. Mirabella Financial Services LLP's holdings in Vertiv were worth $807,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of VRT. SOA Wealth Advisors LLC. bought a new position in shares of Vertiv during the 4th quarter worth about $26,000. OLD Second National Bank of Aurora acquired a new position in Vertiv during the 4th quarter worth approximately $30,000. Tradewinds Capital Management LLC boosted its holdings in Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock worth $33,000 after acquiring an additional 111 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Vertiv in the fourth quarter valued at approximately $34,000. Finally, Pittenger & Anderson Inc. increased its holdings in shares of Vertiv by 92.0% during the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock valued at $36,000 after acquiring an additional 150 shares in the last quarter. Institutional investors own 89.92% of the company's stock.

Vertiv Stock Performance

Shares of NYSE VRT traded up $5.75 during midday trading on Thursday, hitting $83.75. The company's stock had a trading volume of 13,634,593 shares, compared to its average volume of 9,118,310. The firm has a market capitalization of $31.89 billion, a price-to-earnings ratio of 65.43, a P/E/G 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. The stock has a fifty day moving average price of $82.01 and a 200 day moving average price of $107.87. 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 earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The business had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $1.94 billion. On average, research analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The business 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. This represents a $0.15 annualized dividend and a dividend yield of 0.18%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv's dividend payout ratio is presently 8.72%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on VRT. Barclays reduced their price target 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. JPMorgan Chase & Co. reduced their price objective on shares of Vertiv from $132.00 to $100.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Roth Capital upgraded shares of Vertiv to a "strong-buy" rating in a report on Monday, April 7th. Morgan Stanley cut their price target on Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a research note on Thursday. Finally, Royal Bank of Canada began coverage on shares of Vertiv in a research note on Friday, March 7th. They issued an "outperform" rating and a $121.00 target price for the company. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Vertiv presently has a consensus rating of "Moderate Buy" and an average target price of $120.38.

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.