Zuckerman Investment Group LLC reduced its stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 14.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 702,450 shares of the company's stock after selling 117,091 shares during the quarter. Vertiv accounts for 7.8% of Zuckerman Investment Group LLC's portfolio, making the stock its largest position. Zuckerman Investment Group LLC owned about 0.19% of Vertiv worth $79,096,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently made changes to their positions in VRT. SOA Wealth Advisors LLC. acquired a new stake in shares of Vertiv during the 4th quarter worth about $26,000. OLD Second National Bank of Aurora acquired a new stake in shares of Vertiv during the fourth quarter worth approximately $30,000. Tradewinds Capital Management LLC increased its holdings in Vertiv by 61.3% during the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock valued at $33,000 after purchasing an additional 111 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of Vertiv in the fourth quarter valued at about $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 acquiring an additional 150 shares during the last quarter. 89.92% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have commented on the company. Roth Capital upgraded Vertiv to a "strong-buy" rating in a research report on Monday, April 7th. Evercore ISI lowered their price objective on Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a research report on Friday, January 17th. Fox Advisors began coverage on shares of Vertiv in a research report on Monday, January 6th. They set an "equal weight" rating on the stock. JPMorgan Chase & Co. lowered their price target on shares of Vertiv from $132.00 to $100.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, Roth Mkm started coverage on shares of Vertiv in a research note on Tuesday, April 8th. They set a "buy" rating and a $75.00 price target for the company. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $125.50.
Get Our Latest Research Report on Vertiv
Vertiv Trading Up 2.2 %
VRT stock traded up $1.53 during midday trading on Monday, hitting $71.14. 3,679,565 shares of the company's stock were exchanged, compared to its average volume of 9,000,878. Vertiv Holdings Co has a one year low of $53.60 and a one year high of $155.84. The stock's fifty day moving average price is $89.17 and its 200-day moving average price is $109.56. The company has a market cap of $27.09 billion, a PE ratio of 55.58, a price-to-earnings-growth 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 data on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, beating 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 period last year, the firm posted $0.56 earnings per share. Research analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.
Vertiv Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were given a $0.0375 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.21%. Vertiv's dividend payout ratio is currently 11.72%.
Vertiv Profile
(
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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