RFG Bristol Wealth Advisors LLC purchased a new position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 9,633 shares of the company's stock, valued at approximately $1,094,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SOA Wealth Advisors LLC. acquired a new stake in shares of Vertiv in the fourth quarter valued at approximately $26,000. OLD Second National Bank of Aurora acquired a new stake in Vertiv during the 4th quarter worth $30,000. Tradewinds Capital Management LLC boosted its stake in Vertiv by 61.3% during 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 during the period. FNY Investment Advisers LLC purchased a new position in Vertiv during the 4th quarter worth $34,000. Finally, Pittenger & Anderson Inc. increased its stake in Vertiv by 92.0% in the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock valued at $36,000 after purchasing an additional 150 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.
Vertiv Price Performance
VRT stock traded down $8.05 during trading on Friday, reaching $59.42. 27,316,003 shares of the company were exchanged, compared to its average volume of 8,877,923. 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 stock's 50 day moving average price is $95.23 and its 200 day moving average price is $110.94. Vertiv Holdings Co has a 52-week low of $55.32 and a 52-week high of $155.84. The company has a market cap of $22.63 billion, a P/E ratio of 46.43, a PEG ratio of 1.07 and a beta of 1.71.
Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 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 earnings per share for the current fiscal year.
Vertiv Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.25%. The ex-dividend date was Tuesday, March 18th. Vertiv's dividend payout ratio (DPR) is presently 11.72%.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on VRT shares. Citigroup raised their price target on Vertiv from $141.00 to $155.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Barclays lowered their target price on Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a research note on Friday. Melius cut Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price target for the company. in a research note on Tuesday, January 28th. Royal Bank of Canada initiated coverage on Vertiv in a report on Friday, March 7th. They set an "outperform" rating and a $121.00 price target for the company. Finally, Melius Research reissued a "hold" rating and issued a $125.00 price objective on shares of Vertiv in a research note on Tuesday, January 28th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Vertiv presently has an average rating of "Moderate Buy" and a consensus target price of $134.67.
Read Our Latest Stock Report on Vertiv
About Vertiv
(
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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