Quantessence Capital LLC Purchases Shares of 5,124 Vertiv Holdings Co (NYSE:VRT)

Quantessence Capital LLC purchased a new stake in Vertiv Holdings Co (NYSE:VRT - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,124 shares of the company's stock, valued at approximately $582,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VRT. Fifth Third Bancorp increased its holdings in Vertiv by 8.1% in the fourth quarter. Fifth Third Bancorp now owns 1,126 shares of the company's stock valued at $128,000 after buying an additional 84 shares in the last quarter. Prestige Wealth Management Group LLC increased its stake in shares of Vertiv by 2.4% in the 4th quarter. Prestige Wealth Management Group LLC now owns 3,695 shares of the company's stock valued at $420,000 after purchasing an additional 85 shares in the last quarter. Accurate Wealth Management LLC raised its holdings in Vertiv by 4.1% in the 4th quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company's stock worth $254,000 after purchasing an additional 87 shares during the period. Horizon Investment Services LLC boosted its position in Vertiv by 4.1% during the fourth quarter. Horizon Investment Services LLC now owns 2,410 shares of the company's stock worth $274,000 after purchasing an additional 95 shares in the last quarter. Finally, Tradewinds Capital Management LLC grew its holdings in Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock valued at $33,000 after purchasing an additional 111 shares during the period. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Trading Up 3.8 %

Shares of NYSE VRT traded up $3.18 during mid-day trading on Friday, reaching $87.06. 14,306,641 shares of the company's stock were exchanged, compared to its average volume of 9,061,007. The company's 50-day moving average is $81.52 and its 200-day moving average is $107.71. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The firm has a market capitalization of $33.15 billion, a price-to-earnings ratio of 68.02, 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.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. Analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.17%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv's payout ratio is 8.72%.

Analyst Ratings Changes

VRT has been the subject of several research analyst reports. Roth Capital upgraded Vertiv to a "strong-buy" rating in a research report on Monday, April 7th. Fox Advisors initiated coverage on shares of Vertiv in a report on Monday, January 6th. They set an "equal weight" rating on the stock. KGI Securities began coverage on shares of Vertiv in a research note on Thursday. They set a "hold" rating for the company. Morgan Stanley decreased their price target on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a research note on Thursday. Finally, Cowen reiterated a "buy" rating on shares of Vertiv in a research note on Thursday. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus 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.