Daiwa Securities Group Inc. Acquires 8,491 Shares of Vertiv Holdings Co (NYSE:VRT)

Daiwa Securities Group Inc. grew its stake in Vertiv Holdings Co (NYSE:VRT - Free Report) by 9.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,947 shares of the company's stock after acquiring an additional 8,491 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Vertiv were worth $10,900,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. SOA Wealth Advisors LLC. acquired a new stake in Vertiv during the fourth quarter worth about $26,000. OLD Second National Bank of Aurora acquired a new stake in Vertiv during the fourth quarter worth about $30,000. Tradewinds Capital Management LLC increased its stake in 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 acquiring an additional 111 shares during the last quarter. Mark Sheptoff Financial Planning LLC grew its stake in shares of Vertiv by 200.0% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company's stock valued at $30,000 after buying an additional 200 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Vertiv in the fourth quarter valued at about $34,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Vertiv Stock Up 3.7 %

VRT traded up $3.07 during trading on Wednesday, reaching $86.19. 6,699,609 shares of the stock traded hands, compared to its average volume of 10,971,399. The stock has a market cap of $32.82 billion, a price-to-earnings ratio of 67.05, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a fifty-two week low of $62.40 and a fifty-two week high of $155.84. 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 stock's 50-day simple moving average is $113.71 and its two-hundred day simple moving average is $110.98.

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Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 quarter in the previous year, the business earned $0.56 earnings per share. As a group, equities research analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.0375 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.17%. Vertiv's dividend payout ratio (DPR) is currently 11.72%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Morgan Stanley initiated coverage on Vertiv in a research note on Monday, January 6th. They issued an "overweight" rating and a $150.00 target price for the company. The Goldman Sachs Group raised their target price on Vertiv from $126.00 to $140.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. Fox Advisors assumed coverage on Vertiv in a research report on Monday, January 6th. They issued an "equal weight" rating on the stock. 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, Royal Bank of Canada assumed coverage on Vertiv in a research report on Friday, March 7th. They issued an "outperform" rating and a $121.00 target price on the stock. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Vertiv presently has an average rating of "Moderate Buy" and a consensus target price 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.