Natixis Advisors LLC Reduces Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Natixis Advisors LLC trimmed its stake in Vertiv Holdings Co (NYSE:VRT - Free Report) by 19.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 103,486 shares of the company's stock after selling 24,965 shares during the period. Natixis Advisors LLC's holdings in Vertiv were worth $11,757,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. SOA Wealth Advisors LLC. purchased a new stake in Vertiv in the 4th quarter valued at about $26,000. OLD Second National Bank of Aurora purchased a new stake in Vertiv in the 4th quarter valued at about $30,000. Tradewinds Capital Management LLC boosted its position in Vertiv by 61.3% in the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock valued at $33,000 after buying an additional 111 shares during the period. Mark Sheptoff Financial Planning LLC boosted its position in Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company's stock valued at $30,000 after buying an additional 200 shares during the period. Finally, FNY Investment Advisers LLC purchased a new stake in Vertiv in the 4th quarter valued at about $34,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Stock Down 0.6 %

Shares of NYSE VRT traded down $0.50 during trading hours on Friday, hitting $88.58. 5,238,546 shares of the stock were exchanged, compared to its average volume of 8,532,631. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. Vertiv Holdings Co has a 12 month low of $62.40 and a 12 month high of $155.84. The company has a market cap of $33.73 billion, a PE ratio of 69.20, a PEG ratio of 1.07 and a beta of 1.71. The firm has a fifty day moving average price of $107.46 and a 200-day moving average price of $111.16.

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Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, beating 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 business posted $0.56 EPS. On average, sell-side analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.0375 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a yield of 0.17%. Vertiv's payout ratio is 11.72%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on VRT. Barclays reduced their price target on shares of Vertiv from $131.00 to $111.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd. Evercore ISI reduced their price target on shares of Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a report on Friday, January 17th. Melius Research restated a "hold" rating and issued a $125.00 price target on shares of Vertiv in a report on Tuesday, January 28th. Royal Bank of Canada began coverage on shares of Vertiv in a report on Friday, March 7th. They issued an "outperform" rating and a $121.00 price target for the company. Finally, Citigroup boosted their price target on shares of Vertiv from $141.00 to $155.00 and gave the company a "buy" rating in a report on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $136.07.

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.