Vertiv Holdings Co (NYSE:VRT) Shares Purchased by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC boosted its position in Vertiv Holdings Co (NYSE:VRT - Free Report) by 22.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,028,805 shares of the company's stock after buying an additional 185,747 shares during the quarter. Lord Abbett & CO. LLC owned approximately 0.27% of Vertiv worth $116,883,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. SOA Wealth Advisors LLC. acquired a new stake in shares of Vertiv during the 4th quarter valued at approximately $26,000. OLD Second National Bank of Aurora bought a new stake in shares of Vertiv during the 4th quarter valued at about $30,000. Tradewinds Capital Management LLC raised 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 period. FNY Investment Advisers LLC bought a new position in Vertiv in the fourth quarter worth about $34,000. Finally, Pittenger & Anderson Inc. boosted its stake in 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 acquiring an additional 150 shares during the period. Institutional investors and hedge funds own 89.92% of the company's stock.

Vertiv Trading Up 7.4 %

Shares of Vertiv stock opened at $83.75 on Friday. The business has a fifty day simple moving average of $81.52 and a 200-day simple moving average of $107.71. The firm has a market cap of $31.89 billion, a price-to-earnings ratio of 65.43, 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 $53.60 and a fifty-two week 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, April 23rd. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.02. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The company had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.94 billion. On average, equities analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv's dividend payout ratio (DPR) is presently 8.72%.

Wall Street Analyst Weigh In

VRT has been the topic of a number of research reports. KGI Securities began coverage on Vertiv in a research report on Thursday. They set a "hold" rating on the stock. Royal Bank of Canada began 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. Melius Research reissued a "hold" rating and set a $125.00 price target on shares of Vertiv in a report on Tuesday, January 28th. Roth Mkm initiated coverage on shares of Vertiv in a report on Tuesday, April 8th. They issued a "buy" rating and a $75.00 price objective on the stock. Finally, Evercore ISI reduced their target price on shares of Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a research note on Friday, January 17th. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $120.38.

About Vertiv

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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