PNC Financial Services Group Inc. boosted its holdings in Vertiv Holdings Co (NYSE:VRT - Free Report) by 17.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,954 shares of the company's stock after purchasing an additional 4,888 shares during the quarter. PNC Financial Services Group Inc.'s holdings in Vertiv were worth $3,744,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in VRT. Bank Julius Baer & Co. Ltd Zurich grew its position in Vertiv by 8.4% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,325 shares of the company's stock worth $291,000 after purchasing an additional 180 shares during the last quarter. Machina Capital S.A.S. acquired a new stake in Vertiv in the 4th quarter valued at approximately $865,000. EFG Asset Management Americas Corp. boosted its position in Vertiv by 14.5% during the 4th quarter. EFG Asset Management Americas Corp. now owns 33,359 shares of the company's stock worth $3,790,000 after acquiring an additional 4,232 shares during the period. CloudAlpha Capital Management Limited Hong Kong bought a new position in shares of Vertiv in the fourth quarter worth $2,864,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in shares of Vertiv by 5.8% during the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 3,505 shares of the company's stock valued at $398,000 after purchasing an additional 192 shares during the period. Institutional investors own 89.92% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the stock. Oppenheimer increased their target price on shares of Vertiv from $121.00 to $131.00 and gave the company an "outperform" rating in a research report on Tuesday, November 19th. Mizuho raised their price objective on shares of Vertiv from $125.00 to $145.00 and gave the company an "outperform" rating in a research note on Tuesday, November 19th. Citigroup boosted their target price on Vertiv from $141.00 to $155.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Evercore ISI decreased their price target on Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a research note on Friday, January 17th. Finally, Royal Bank of Canada started coverage on Vertiv in a research note on Friday, March 7th. They issued an "outperform" rating and a $121.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $136.07.
View Our Latest Research Report on Vertiv
Vertiv Price Performance
VRT stock traded up $4.45 during midday trading on Friday, reaching $87.54. 7,344,888 shares of the company's stock traded hands, compared to its average volume of 10,907,188. 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 $33.33 billion, a price-to-earnings ratio of 68.39, a PEG ratio of 1.07 and a beta of 1.71. The company has a 50-day simple moving average of $112.45 and a two-hundred day simple moving average of $110.61. Vertiv Holdings Co has a 1-year low of $62.40 and a 1-year high of $155.84.
Vertiv (NYSE:VRT - Get Free Report) last posted 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 period in the previous year, the firm posted $0.56 earnings per share. On average, analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current year.
Vertiv Dividend Announcement
The company also recently disclosed 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 of this dividend is Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.17%. Vertiv's dividend payout ratio is currently 11.72%.
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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