Rakuten Securities Inc. lowered its position in Vertiv Holdings Co (NYSE:VRT - Free Report) by 75.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,757 shares of the company's stock after selling 14,352 shares during the period. Rakuten Securities Inc.'s holdings in Vertiv were worth $540,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. SOA Wealth Advisors LLC. purchased a new position in shares of Vertiv in the 4th quarter worth approximately $26,000. Mark Sheptoff Financial Planning LLC boosted its stake in Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company's stock worth $30,000 after purchasing an additional 200 shares in the last quarter. Brooklyn Investment Group acquired a new stake in Vertiv in the 3rd quarter worth approximately $30,000. OLD Second National Bank of Aurora acquired a new stake in Vertiv in the 4th quarter worth approximately $30,000. Finally, Tradewinds Capital Management LLC boosted its stake in Vertiv by 61.3% in the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock worth $33,000 after purchasing an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts recently commented on the stock. The Goldman Sachs Group lifted their target price on shares of Vertiv from $126.00 to $140.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Mizuho lifted their target price on shares of Vertiv from $125.00 to $145.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 19th. Fox Advisors initiated coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an "equal weight" rating for the company. Melius Research restated a "hold" rating and set a $125.00 price objective on shares of Vertiv in a research note on Tuesday, January 28th. Finally, Royal Bank of Canada initiated coverage on shares of Vertiv in a research note on Friday, March 7th. They set an "outperform" rating and a $121.00 price objective for the company. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Vertiv has an average rating of "Moderate Buy" and an average price target of $136.07.
View Our Latest Stock Analysis on VRT
Vertiv Trading Up 6.5 %
Shares of VRT opened at $83.06 on Wednesday. The company has a current ratio of 1.65, a quick ratio of 1.02 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 firm has a 50-day moving average price of $113.71 and a 200 day moving average price of $110.98. The firm has a market capitalization of $31.63 billion, a P/E ratio of 64.89, a P/E/G ratio of 1.07 and a beta of 1.71.
Vertiv (NYSE:VRT - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $0.99 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 period in the previous year, the company earned $0.56 EPS. Sell-side analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current year.
Vertiv Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors 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 dividend yield of 0.18%. Vertiv's payout ratio is 11.72%.
Vertiv Company Profile
(
Free Report)
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.
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