NewEdge Advisors LLC Purchases 8,982 Shares of Vertiv Holdings Co (NYSE:VRT)

NewEdge Advisors LLC increased its holdings in Vertiv Holdings Co (NYSE:VRT - Free Report) by 10.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 95,420 shares of the company's stock after buying an additional 8,982 shares during the period. NewEdge Advisors LLC's holdings in Vertiv were worth $10,841,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in VRT. Barclays PLC raised its position in shares of Vertiv by 51.4% during the 3rd quarter. Barclays PLC now owns 431,586 shares of the company's stock valued at $42,940,000 after buying an additional 146,463 shares in the last quarter. World Investment Advisors LLC bought a new position in Vertiv in the third quarter valued at $1,230,000. Wilmington Savings Fund Society FSB purchased a new stake in Vertiv during the third quarter valued at about $584,000. Blankinship & Foster LLC bought a new stake in Vertiv during the third quarter worth about $8,798,000. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in shares of Vertiv by 18.6% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 6,502 shares of the company's stock worth $660,000 after purchasing an additional 1,021 shares in the last quarter. Institutional investors own 89.92% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on VRT shares. The Goldman Sachs Group dropped their target price on Vertiv from $135.00 to $85.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Evercore ISI cut their price objective on shares of Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a research note on Friday, January 17th. Roth Mkm assumed coverage on shares of Vertiv in a research report on Tuesday, April 8th. They issued a "buy" rating and a $75.00 target price on the stock. Fox Advisors assumed coverage on shares of Vertiv in a research report on Monday, January 6th. They set an "equal weight" rating for the company. Finally, Melius cut Vertiv from a "buy" rating to a "hold" rating and set a $125.00 target price for the company. in a report on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $121.94.

Vertiv Stock Up 4.3 %

VRT stock traded up $2.93 during midday trading on Tuesday, hitting $70.50. The stock had a trading volume of 2,800,959 shares, compared to its average volume of 11,024,982. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The firm has a market cap of $26.85 billion, a price-to-earnings ratio of 55.13, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The business has a 50-day moving average of $83.36 and a two-hundred day moving average of $108.33. Vertiv Holdings Co has a 52-week low of $53.60 and a 52-week high of $155.84.

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, 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 period last year, the business posted $0.56 earnings per share. As a group, equities research analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.21%. The ex-dividend date was Tuesday, March 18th. Vertiv's dividend payout ratio (DPR) is 11.72%.

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.