Vertiv Holdings Co (NYSE:VRT) Sees Significant Increase in Short Interest

Vertiv Holdings Co (NYSE:VRT - Get Free Report) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 14,390,000 shares, an increase of 42.9% from the March 15th total of 10,070,000 shares. Approximately 4.0% of the shares of the stock are short sold. Based on an average daily volume of 11,470,000 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Investors Weigh In On Vertiv

Several institutional investors have recently bought and sold shares of VRT. Silverleafe Capital Partners LLC bought a new stake in shares of Vertiv in the fourth quarter worth $4,219,000. Foundations Investment Advisors LLC increased its stake in Vertiv by 7.9% in the 4th quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company's stock valued at $21,076,000 after buying an additional 13,559 shares during the last quarter. Empowered Funds LLC lifted its position in Vertiv by 67.0% during the 4th quarter. Empowered Funds LLC now owns 9,180 shares of the company's stock worth $1,043,000 after buying an additional 3,682 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Vertiv by 3,417.9% during the 4th quarter. Nordea Investment Management AB now owns 964,104 shares of the company's stock worth $110,544,000 after buying an additional 936,698 shares during the last quarter. Finally, Register Financial Advisors LLC acquired a new position in shares of Vertiv during the 4th quarter worth about $217,000. Institutional investors own 89.92% of the company's stock.

Vertiv Stock Up 6.3 %

VRT stock traded up $4.26 during mid-day trading on Tuesday, hitting $71.83. 10,389,230 shares of the company were exchanged, compared to its average volume of 9,032,732. The firm has a market cap of $27.35 billion, a P/E ratio of 56.12, a P/E/G ratio of 1.07 and a beta of 1.71. Vertiv has a 1-year low of $53.60 and a 1-year 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's 50 day simple moving average is $82.61 and its 200 day simple moving average is $108.08.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data 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 last year, the business earned $0.56 EPS. On average, sell-side analysts predict that Vertiv will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were issued a dividend of $0.0375 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.21%. Vertiv's payout ratio is presently 11.72%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on VRT. Melius cut Vertiv from a "buy" rating to a "hold" rating and set a $125.00 target price on the stock. in a report on Tuesday, January 28th. Melius Research reaffirmed a "hold" rating and issued a $125.00 target price on shares of Vertiv in a research note on Tuesday, January 28th. Roth Capital raised shares of Vertiv to a "strong-buy" rating in a research note on Monday, April 7th. Royal Bank of Canada began coverage on shares of Vertiv in a research report on Friday, March 7th. They issued an "outperform" rating and a $121.00 price objective for the company. Finally, Fox Advisors began coverage on Vertiv in a research report on Monday, January 6th. They issued an "equal weight" rating on the stock. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $121.94.

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.