Philadelphia Trust Co. Has $38.45 Million Holdings in Vertiv Holdings Co (NYSE:VRT)

Philadelphia Trust Co. trimmed its stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 4.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 338,396 shares of the company's stock after selling 16,270 shares during the quarter. Vertiv makes up 2.8% of Philadelphia Trust Co.'s holdings, making the stock its 6th biggest holding. Philadelphia Trust Co. owned about 0.09% of Vertiv worth $38,445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Sterling Capital Management LLC lifted its position in shares of Vertiv by 11.6% in the 4th quarter. Sterling Capital Management LLC now owns 93,563 shares of the company's stock worth $10,630,000 after purchasing an additional 9,744 shares during the period. Heritage Trust Co acquired a new stake in Vertiv during the 4th quarter worth about $272,000. Eley Financial Management Inc raised its position in shares of Vertiv by 2.3% in the 4th quarter. Eley Financial Management Inc now owns 20,916 shares of the company's stock worth $2,376,000 after acquiring an additional 473 shares in the last quarter. Treasurer of the State of North Carolina lifted its stake in shares of Vertiv by 0.5% in the 4th quarter. Treasurer of the State of North Carolina now owns 161,795 shares of the company's stock valued at $18,382,000 after purchasing an additional 760 shares during the period. Finally, Bank of Hawaii increased its holdings in Vertiv by 4.6% in the fourth quarter. Bank of Hawaii now owns 32,791 shares of the company's stock worth $3,725,000 after purchasing an additional 1,436 shares in the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

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Vertiv Price Performance

Shares of VRT stock traded up $1.66 during trading on Friday, hitting $69.39. The company had a trading volume of 8,182,977 shares, compared to its average volume of 9,021,713. 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 stock has a market capitalization of $26.42 billion, a price-to-earnings ratio of 54.21, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The stock'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 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 return on equity of 61.41% and a net margin of 6.19%. During the same quarter last year, the business posted $0.56 EPS. As a group, analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date was Tuesday, March 18th. Vertiv's dividend payout ratio (DPR) is presently 11.72%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on VRT shares. The Goldman Sachs Group reduced their price objective on shares of Vertiv from $135.00 to $85.00 and set a "buy" rating for the company in a research report on Thursday. Fox Advisors began coverage on shares of Vertiv in a research note on Monday, January 6th. They set an "equal weight" rating for the company. Roth Capital raised Vertiv to a "strong-buy" rating in a report on Monday, April 7th. Melius Research restated a "hold" rating and set a $125.00 price target on shares of Vertiv in a report on Tuesday, January 28th. Finally, 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 report on Tuesday, April 8th. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Vertiv has an average rating of "Moderate Buy" and a consensus price target of $125.50.

Vertiv Company 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.