National Bank of Canada FI Has $1.11 Million Stock Position in Vertiv Holdings Co (NYSE:VRT)

National Bank of Canada FI increased its position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 58.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,740 shares of the company's stock after buying an additional 3,576 shares during the quarter. National Bank of Canada FI's holdings in Vertiv were worth $1,107,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Silverleafe Capital Partners LLC acquired a new position in Vertiv during the fourth quarter valued at approximately $4,219,000. Foundations Investment Advisors LLC grew its stake in shares of Vertiv by 7.9% in the fourth quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company's stock valued at $21,076,000 after buying an additional 13,559 shares in the last quarter. Empowered Funds LLC increased its holdings in Vertiv by 67.0% during the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company's stock worth $1,043,000 after buying an additional 3,682 shares during the last quarter. Nordea Investment Management AB raised its position in Vertiv by 3,417.9% during the fourth quarter. Nordea Investment Management AB now owns 964,104 shares of the company's stock worth $110,544,000 after acquiring an additional 936,698 shares in the last quarter. Finally, Register Financial Advisors LLC acquired a new stake in Vertiv in the fourth quarter valued at $217,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on VRT. Melius cut shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 target price on the stock. in a report on Tuesday, January 28th. The Goldman Sachs Group dropped their price objective on Vertiv from $135.00 to $85.00 and set a "buy" rating on the stock in a research note on Thursday. Barclays reduced their target price on Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a research note on Friday, April 4th. JPMorgan Chase & Co. dropped their price target on Vertiv from $132.00 to $100.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Evercore ISI reduced their price objective on shares of Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a research report on Friday, January 17th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Vertiv presently has an average rating of "Moderate Buy" and an average target price of $125.50.

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Vertiv Price Performance

Shares of NYSE:VRT traded up $1.66 during trading on Friday, reaching $69.39. 8,182,977 shares of the company traded hands, compared to its average volume of 9,021,713. The firm has a market capitalization of $26.42 billion, a PE ratio of 54.21, a PEG ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a 52 week low of $53.60 and a 52 week high of $155.84. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The company's 50 day moving average is $89.17 and its two-hundred day moving average is $109.56.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate 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 in the previous year, the business earned $0.56 earnings per share. As a group, sell-side analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders 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 yield of 0.22%. Vertiv's dividend payout ratio is currently 11.72%.

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.