Vertiv Holdings Co (NYSE:VRT) Shares Acquired by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC lifted its holdings in Vertiv Holdings Co (NYSE:VRT - Free Report) by 33.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,568 shares of the company's stock after buying an additional 7,162 shares during the quarter. HighPoint Advisor Group LLC's holdings in Vertiv were worth $3,521,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Fifth Third Bancorp grew its stake in shares of Vertiv by 8.1% during the 4th quarter. Fifth Third Bancorp now owns 1,126 shares of the company's stock worth $128,000 after purchasing an additional 84 shares during the period. Prestige Wealth Management Group LLC grew its position in Vertiv by 2.4% during the fourth quarter. Prestige Wealth Management Group LLC now owns 3,695 shares of the company's stock worth $420,000 after buying an additional 85 shares during the period. Accurate Wealth Management LLC increased its holdings in Vertiv by 4.1% in the fourth quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company's stock valued at $254,000 after buying an additional 87 shares in the last quarter. Horizon Investment Services LLC lifted its position in shares of Vertiv by 4.1% during the 4th quarter. Horizon Investment Services LLC now owns 2,410 shares of the company's stock valued at $274,000 after acquiring an additional 95 shares during the period. Finally, Tradewinds Capital Management LLC boosted its stake in shares of Vertiv by 61.3% during the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock worth $33,000 after acquiring an additional 111 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

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Analyst Upgrades and Downgrades

Several brokerages recently issued reports on VRT. Melius Research reaffirmed a "hold" rating and set a $125.00 price objective on shares of Vertiv in a report on Tuesday, January 28th. Royal Bank of Canada started coverage on shares of Vertiv in a research report on Friday, March 7th. They issued an "outperform" rating and a $121.00 price objective on the stock. Fox Advisors assumed coverage on shares of Vertiv in a report on Monday, January 6th. They set an "equal weight" rating for the company. Morgan Stanley initiated coverage on shares of Vertiv in a report on Monday, January 6th. They issued an "overweight" rating and a $150.00 price target on the stock. Finally, Citigroup raised their price objective on shares of Vertiv from $141.00 to $155.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Vertiv currently has an average rating of "Moderate Buy" and a consensus price target of $135.33.

Vertiv Trading Up 4.3 %

Shares of NYSE:VRT traded up $3.09 during midday trading on Tuesday, reaching $75.29. The company's stock had a trading volume of 10,125,749 shares, compared to its average volume of 8,781,934. The firm has a market cap of $28.67 billion, a price-to-earnings ratio of 58.82, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The business has a 50 day moving average price of $101.47 and a 200 day moving average price of $111.58. Vertiv Holdings Co has a 1 year low of $62.40 and a 1 year high of $155.84. 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 data on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating 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 in the prior year, the company posted $0.56 earnings per share. Research analysts forecast that Vertiv Holdings Co will post 3.59 EPS 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 was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.20%. Vertiv's dividend payout ratio (DPR) is presently 11.72%.

Vertiv 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.