Vertiv Holdings Co (NYSE:VRT) Position Trimmed by Sei Investments Co.

Sei Investments Co. cut its stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 17.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 420,844 shares of the company's stock after selling 87,777 shares during the period. Sei Investments Co. owned 0.11% of Vertiv worth $47,812,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fifth Third Bancorp increased its stake in Vertiv by 8.1% during the fourth quarter. Fifth Third Bancorp now owns 1,126 shares of the company's stock worth $128,000 after acquiring an additional 84 shares during the last quarter. Accurate Wealth Management LLC increased its position in Vertiv by 4.1% during 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 in the last quarter. Tradewinds Capital Management LLC raised 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 buying an additional 111 shares during the period. Bouvel Investment Partners LLC lifted its position in Vertiv by 1.1% during the fourth quarter. Bouvel Investment Partners LLC now owns 11,097 shares of the company's stock valued at $1,261,000 after buying an additional 117 shares in the last quarter. Finally, Petra Financial Advisors Inc. lifted its position in Vertiv by 2.2% during the fourth quarter. Petra Financial Advisors Inc. now owns 5,479 shares of the company's stock valued at $623,000 after buying an additional 119 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Melius Research reissued a "hold" rating and issued a $125.00 target price on shares of Vertiv in a research note on Tuesday, January 28th. Melius lowered Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price objective on the stock. in a research report on Tuesday, January 28th. Fox Advisors assumed coverage on Vertiv in a research report on Monday, January 6th. They issued an "equal weight" rating for the company. Evercore ISI dropped their target price on Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a report on Friday, January 17th. Finally, Royal Bank of Canada initiated coverage on Vertiv in a research report on Friday, March 7th. They set an "outperform" rating and a $121.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Vertiv has an average rating of "Moderate Buy" and an average price target of $135.33.

Vertiv Stock Down 6.3 %

Shares of VRT stock traded down $5.18 during mid-day trading on Thursday, reaching $76.44. 17,165,092 shares of the company were exchanged, compared to its average volume of 8,598,423. 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 business's 50 day simple moving average is $105.10 and its 200 day simple moving average is $111.48. The company has a market capitalization of $29.11 billion, a P/E ratio of 59.72, a P/E/G ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a fifty-two week low of $62.40 and a fifty-two week high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate 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 last year, the company posted $0.56 earnings per share. Research analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.20%. The ex-dividend date of this dividend is Tuesday, March 18th. Vertiv's payout ratio is currently 11.72%.

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.