United Capital Financial Advisors LLC Purchases 5,779 Shares of Vertiv Holdings Co (NYSE:VRT)

United Capital Financial Advisors LLC grew its stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 54.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,434 shares of the company's stock after acquiring an additional 5,779 shares during the quarter. United Capital Financial Advisors LLC's holdings in Vertiv were worth $1,867,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of VRT. SOA Wealth Advisors LLC. bought a new stake in Vertiv during the 4th quarter valued at about $26,000. OLD Second National Bank of Aurora purchased a new position in Vertiv in the 4th quarter worth approximately $30,000. Tradewinds Capital Management LLC lifted 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 in the last quarter. FNY Investment Advisers LLC purchased a new stake in Vertiv during the 4th quarter valued at $34,000. Finally, Pittenger & Anderson Inc. raised its stake in shares of 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 last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Wall Street Analyst Weigh In

VRT has been the topic of several recent analyst reports. Roth Mkm began coverage on Vertiv in a research report on Tuesday, April 8th. They set a "buy" rating and a $75.00 price objective on the stock. The Goldman Sachs Group decreased their price objective on shares of Vertiv from $135.00 to $85.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Barclays dropped their target price on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a report on Friday, April 4th. Citigroup decreased their target price on shares of Vertiv from $153.00 to $98.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Royal Bank of Canada initiated coverage on Vertiv in a research note on Friday, March 7th. They issued an "outperform" rating and a $121.00 price target on the stock. Four research 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's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $121.94.

Vertiv Price Performance

NYSE:VRT traded up $7.57 on Wednesday, reaching $79.39. 14,128,690 shares of the company's stock traded hands, compared to its average volume of 9,056,561. The stock has a 50-day simple moving average of $82.61 and a 200-day simple moving average of $108.08. Vertiv Holdings Co has a 12 month low of $53.60 and a 12 month high of $155.84. The firm has a market cap of $30.23 billion, a PE ratio of 62.02, a P/E/G ratio of 1.07 and a beta of 1.71. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $1.94 billion. Equities research analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were issued a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a yield of 0.19%. Vertiv's dividend payout ratio is currently 11.72%.

About Vertiv

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.