Berkshire Capital Holdings Inc. reduced its position in Vertiv Holdings Co (NYSE:VRT - Free Report) by 44.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 73,150 shares of the company's stock after selling 57,860 shares during the period. Vertiv comprises approximately 3.0% of Berkshire Capital Holdings Inc.'s holdings, making the stock its 19th biggest holding. Berkshire Capital Holdings Inc.'s holdings in Vertiv were worth $8,311,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. iA Global Asset Management Inc. boosted its holdings in shares of Vertiv by 33.0% in the 4th quarter. iA Global Asset Management Inc. now owns 16,980 shares of the company's stock valued at $1,929,000 after purchasing an additional 4,217 shares during the last quarter. Sandy Spring Bank boosted its holdings in shares of Vertiv by 38.2% in the 4th quarter. Sandy Spring Bank now owns 19,037 shares of the company's stock valued at $2,163,000 after purchasing an additional 5,264 shares during the last quarter. Royal London Asset Management Ltd. boosted its holdings in shares of Vertiv by 25.4% in the 4th quarter. Royal London Asset Management Ltd. now owns 152,843 shares of the company's stock valued at $17,364,000 after purchasing an additional 30,911 shares during the last quarter. GM Advisory Group LLC acquired a new position in shares of Vertiv in the 4th quarter valued at $308,000. Finally, Harvest Fund Management Co. Ltd boosted its holdings in shares of Vertiv by 28.9% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 45,462 shares of the company's stock valued at $5,167,000 after purchasing an additional 10,186 shares during the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.
Vertiv Stock Performance
VRT traded down $0.50 on Friday, hitting $88.58. 5,238,546 shares of the company's stock were exchanged, compared to its average volume of 8,532,631. The firm has a market cap of $33.73 billion, a PE ratio of 69.20, a P/E/G ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a twelve month low of $62.40 and a twelve month high of $155.84. The stock has a fifty day moving average of $107.46 and a two-hundred day moving average of $111.41. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19.
Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping 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 last year, the business earned $0.56 EPS. On average, research analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.
Vertiv Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th will be given a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.17%. The ex-dividend date of this dividend is Tuesday, March 18th. Vertiv's dividend payout ratio (DPR) is 11.72%.
Analyst Ratings Changes
VRT has been the topic of a number of research analyst reports. Morgan Stanley assumed 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. Barclays reduced their target price on shares of Vertiv from $131.00 to $111.00 and set an "equal weight" rating on the stock in a report on Monday, March 3rd. Melius Research restated a "hold" rating and set a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. Citigroup lifted their target price on shares of Vertiv from $141.00 to $155.00 and gave the company a "buy" rating in a report on Monday, December 9th. Finally, Royal Bank of Canada assumed coverage on shares of Vertiv in a report on Friday, March 7th. They issued an "outperform" rating and a $121.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Vertiv presently has a consensus rating of "Moderate Buy" and an average price target of $136.07.
View Our Latest Report on Vertiv
About Vertiv
(
Free Report)
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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