Stifel Financial Corp Purchases 185,939 Shares of Vertiv Holdings Co (NYSE:VRT)

Stifel Financial Corp lifted its stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 70.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 449,280 shares of the company's stock after purchasing an additional 185,939 shares during the quarter. Stifel Financial Corp owned about 0.12% of Vertiv worth $51,043,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in VRT. SOA Wealth Advisors LLC. bought a new stake in Vertiv in the 4th quarter valued at about $26,000. OLD Second National Bank of Aurora acquired a new position in shares of Vertiv during the fourth quarter worth approximately $30,000. Tradewinds Capital Management LLC increased its position in Vertiv by 61.3% in the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock valued at $33,000 after acquiring an additional 111 shares during the period. FNY Investment Advisers LLC acquired a new position in Vertiv during the 4th quarter worth $34,000. Finally, Pittenger & Anderson Inc. lifted its holdings in Vertiv by 92.0% in the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock worth $36,000 after purchasing an additional 150 shares during the period. 89.92% of the stock is currently owned by institutional investors.

Vertiv Stock Up 7.4 %

Shares of NYSE:VRT traded up $5.75 during midday trading on Thursday, hitting $83.75. 13,634,593 shares of the stock were exchanged, compared to its average volume of 9,039,992. The business's fifty day simple moving average is $81.52 and its two-hundred day simple moving average is $107.71. Vertiv Holdings Co has a 52-week low of $53.60 and a 52-week high of $155.84. The company has a market capitalization of $31.89 billion, a PE ratio of 65.43, a P/E/G ratio of 1.07 and a beta of 1.71. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The company had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.94 billion. As a group, research analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders 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 annualized dividend and a dividend yield of 0.18%. Vertiv's payout ratio is 8.72%.

Analyst Ratings Changes

A number of analysts have commented on VRT shares. Evercore ISI dropped their price target on shares of Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a research report on Friday, January 17th. JPMorgan Chase & Co. cut their target price on 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 research report on Thursday, April 10th. Barclays decreased their target price on Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a research note on Friday, April 4th. Finally, Melius Research reissued a "hold" rating and issued a $125.00 price target on shares of Vertiv in a report on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $120.38.

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.