Vertiv Holdings Co (NYSE:VRT) Shares Bought by Quantbot Technologies LP

Quantbot Technologies LP lifted its holdings in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 639.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 96,020 shares of the company's stock after buying an additional 83,029 shares during the period. Quantbot Technologies LP's holdings in Vertiv were worth $10,909,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. SOA Wealth Advisors LLC. bought a new position in shares of Vertiv during the fourth quarter valued at approximately $26,000. OLD Second National Bank of Aurora bought a new position in Vertiv during the 4th quarter worth $30,000. Tradewinds Capital Management LLC lifted its stake in Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock valued at $33,000 after buying an additional 111 shares during the last quarter. Mark Sheptoff Financial Planning LLC boosted its holdings in shares of Vertiv by 200.0% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company's stock valued at $30,000 after acquiring an additional 200 shares during the period. Finally, FNY Investment Advisers LLC bought a new position in shares of Vertiv during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Vertiv Stock Performance

Vertiv stock opened at $83.46 on Friday. Vertiv Holdings Co has a fifty-two week low of $62.40 and a fifty-two week high of $155.84. The firm's 50 day simple moving average is $112.45 and its 200-day simple moving average is $110.61. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The company has a market cap of $31.78 billion, a P/E ratio of 65.20, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71.

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Vertiv (NYSE:VRT - Get Free Report) last announced its earnings results 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 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 EPS. As a group, equities research analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be issued a $0.0375 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.18%. Vertiv's dividend payout ratio is 11.72%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on VRT. TD Cowen lifted their price objective on shares of Vertiv from $115.00 to $141.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. Royal Bank of Canada began coverage on Vertiv in a report on Friday, March 7th. They set an "outperform" rating and a $121.00 price target on the stock. The Goldman Sachs Group increased their price objective on Vertiv from $126.00 to $140.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Oppenheimer raised their target price on Vertiv from $121.00 to $131.00 and gave the company an "outperform" rating in a research report on Tuesday, November 19th. Finally, Evercore ISI reduced their price target on Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a research report on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $136.07.

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.

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