BI Asset Management Fondsmaeglerselskab A S Has $21.07 Million Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 53.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 185,438 shares of the company's stock after buying an additional 64,450 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Vertiv were worth $21,068,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. SOA Wealth Advisors LLC. bought a new stake in Vertiv during the 4th quarter worth approximately $26,000. OLD Second National Bank of Aurora bought a new stake in shares of Vertiv during the fourth quarter worth $30,000. Tradewinds Capital Management LLC grew its holdings in shares of Vertiv by 61.3% during the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock worth $33,000 after purchasing an additional 111 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Vertiv in the fourth quarter valued at $34,000. Finally, Pittenger & Anderson Inc. raised its holdings in shares of Vertiv by 92.0% in the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock valued at $36,000 after buying an additional 150 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Melius cut shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price objective for the company. in a research report on Tuesday, January 28th. Roth Capital raised shares of Vertiv to a "strong-buy" rating in a report on Monday, April 7th. Morgan Stanley started coverage on Vertiv in a report on Monday, January 6th. They set an "overweight" rating and a $150.00 price objective on the stock. Citigroup lowered their target price on Vertiv from $153.00 to $98.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, JPMorgan Chase & Co. cut their price target on Vertiv from $132.00 to $100.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Vertiv currently has an average rating of "Moderate Buy" and an average price target of $121.94.

Vertiv Trading Up 11.7 %

Shares of VRT traded up $8.43 during trading hours on Wednesday, reaching $80.25. The stock had a trading volume of 17,477,879 shares, compared to its average volume of 9,067,659. The firm has a 50-day moving average of $82.61 and a 200 day moving average of $108.08. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The company has a market cap of $30.56 billion, a P/E ratio of 62.70, a P/E/G ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a 52 week low of $53.60 and a 52 week high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last released 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 analyst estimates of $1.94 billion. On average, sell-side analysts expect 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. Stockholders of record on Tuesday, March 18th were given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.19%. The ex-dividend date was Tuesday, March 18th. Vertiv's dividend payout ratio is 11.72%.

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.