Reynders McVeigh Capital Management LLC Sells 15,714 Shares of Vertiv Holdings Co (NYSE:VRT)

Reynders McVeigh Capital Management LLC cut its position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 6.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 243,618 shares of the company's stock after selling 15,714 shares during the quarter. Vertiv comprises 1.5% of Reynders McVeigh Capital Management LLC's investment portfolio, making the stock its 26th biggest holding. Reynders McVeigh Capital Management LLC owned approximately 0.06% of Vertiv worth $27,677,000 at the end of the most recent reporting period.

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

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Vertiv Stock Performance

Shares of NYSE VRT traded up $0.95 during trading on Tuesday, hitting $72.52. The company had a trading volume of 6,167,983 shares, compared to its average volume of 9,011,394. Vertiv Holdings Co has a 12 month low of $53.60 and a 12 month high of $155.84. 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 $27.61 billion, a P/E ratio of 56.65, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The stock has a 50 day simple moving average of $87.28 and a 200 day simple moving average of $109.12.

Vertiv (NYSE:VRT - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping 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 in the previous year, the business posted $0.56 EPS. As a group, analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current 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 issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.21%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv's dividend payout ratio is currently 11.72%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on VRT shares. Royal Bank of Canada initiated coverage on shares of Vertiv in a report on Friday, March 7th. They set an "outperform" rating and a $121.00 price target on the stock. Evercore ISI dropped their target price on shares of Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a report on Friday, January 17th. JPMorgan Chase & Co. cut their target price on shares of Vertiv from $132.00 to $100.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. The Goldman Sachs Group lowered their price target on Vertiv from $135.00 to $85.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, Melius downgraded Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price target on the stock. in a research note on Tuesday, January 28th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Vertiv currently has an average rating of "Moderate Buy" and a consensus price target of $121.94.

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.