Vertiv Holdings Co (NYSE:VRT) Shares Sold by Zacks Investment Management

Zacks Investment Management decreased its holdings in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 38.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 187,273 shares of the company's stock after selling 117,358 shares during the quarter. Zacks Investment Management's holdings in Vertiv were worth $21,276,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of VRT. SOA Wealth Advisors LLC. purchased a new position in shares of Vertiv during the fourth quarter worth approximately $26,000. OLD Second National Bank of Aurora purchased a new position in Vertiv during the 4th quarter worth $30,000. Tradewinds Capital Management LLC raised its position in Vertiv by 61.3% during the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock valued at $33,000 after purchasing an additional 111 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Vertiv in the 4th quarter worth $34,000. Finally, Pittenger & Anderson Inc. increased its stake in shares of Vertiv by 92.0% during 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 period. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Vertiv Stock Performance

Vertiv stock traded down $5.53 during trading hours on Monday, hitting $67.68. 2,758,205 shares of the stock traded hands, compared to its average volume of 9,013,243. The firm's 50 day moving average price is $84.24 and its 200-day moving average price is $108.59. 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 has a market capitalization of $25.77 billion, a price-to-earnings ratio of 52.88, a P/E/G ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a 1 year low of $53.60 and a 1 year high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last issued its earnings results on Wednesday, February 12th. The company reported $0.99 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 period last year, the company earned $0.56 EPS. As a group, equities analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were issued a dividend of $0.0375 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.22%. Vertiv's dividend payout ratio (DPR) is presently 11.72%.

Analyst Ratings Changes

Several research analysts have issued reports on VRT shares. Melius cut shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 target price on the stock. in a report on Tuesday, January 28th. The Goldman Sachs Group dropped their price objective on shares of Vertiv from $135.00 to $85.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Barclays reduced their price objective on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a research note on Friday, April 4th. Roth Mkm began coverage on Vertiv in a report on Tuesday, April 8th. They set a "buy" rating and a $75.00 target price for the company. Finally, Evercore ISI cut their price target on Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a report on Friday, January 17th. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $121.94.

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.