Cerity Partners LLC boosted its holdings in Vertiv Holdings Co (NYSE:VRT - Free Report) by 8.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 48,622 shares of the company's stock after buying an additional 3,893 shares during the period. Cerity Partners LLC's holdings in Vertiv were worth $5,444,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Sierra Summit Advisors LLC increased its stake in shares of Vertiv by 24.9% in the 4th quarter. Sierra Summit Advisors LLC now owns 93,136 shares of the company's stock valued at $10,581,000 after acquiring an additional 18,596 shares during the last quarter. Benchmark Investment Advisors LLC acquired a new position in Vertiv during the fourth quarter valued at approximately $478,000. Aster Capital Management DIFC Ltd bought a new stake in Vertiv in the fourth quarter valued at approximately $230,000. Federated Hermes Inc. raised its holdings in Vertiv by 61.7% in the fourth quarter. Federated Hermes Inc. now owns 1,874,256 shares of the company's stock worth $212,946,000 after purchasing an additional 715,212 shares during the period. Finally, Titleist Asset Management LLC bought a new position in shares of Vertiv during the fourth quarter worth $209,000. 89.92% of the stock is owned by institutional investors.
Vertiv Stock Down 2.3 %
Shares of NYSE:VRT traded down $1.65 during midday trading on Wednesday, hitting $71.06. The stock had a trading volume of 2,533,514 shares, compared to its average volume of 11,032,007. The company has a market cap of $27.06 billion, a P/E ratio of 55.58, a PEG ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a 12 month low of $53.60 and a 12 month high of $155.84. The business's 50-day simple moving average is $87.28 and its 200-day simple moving average is $109.12. 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 released 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 firm posted $0.56 EPS. On average, sell-side analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.
Vertiv Dividend Announcement
The firm also recently announced 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. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date was Tuesday, March 18th. Vertiv's payout ratio is presently 11.72%.
Wall Street Analyst Weigh In
A number of research firms recently commented on VRT. Barclays lowered their price objective on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a research report on Friday, April 4th. Citigroup dropped their price target on Vertiv from $153.00 to $98.00 and set a "buy" rating on the stock in a research report on Monday. Roth Mkm assumed coverage on Vertiv in a research report on Tuesday, April 8th. They issued a "buy" rating and a $75.00 price objective for the company. JPMorgan Chase & Co. dropped their target price on shares of Vertiv from $132.00 to $100.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, Morgan Stanley began coverage on shares of Vertiv in a report on Monday, January 6th. They issued an "overweight" rating and a $150.00 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $121.94.
Check Out Our Latest Research Report on VRT
About Vertiv
(
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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