Mariner LLC increased its stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 10.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 51,870 shares of the company's stock after buying an additional 5,097 shares during the period. Mariner LLC's holdings in Vertiv were worth $5,894,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in VRT. Barclays PLC grew its stake in shares of Vertiv by 51.4% during the 3rd quarter. Barclays PLC now owns 431,586 shares of the company's stock worth $42,940,000 after acquiring an additional 146,463 shares during the period. World Investment Advisors LLC bought a new position in Vertiv during the third quarter worth about $1,230,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Vertiv in the third quarter worth about $584,000. Blankinship & Foster LLC bought a new stake in shares of Vertiv in the third quarter valued at approximately $8,798,000. Finally, B. Riley Wealth Advisors Inc. lifted its stake in shares of Vertiv by 18.6% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 6,502 shares of the company's stock valued at $660,000 after buying an additional 1,021 shares in the last quarter. Institutional investors own 89.92% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the company. Fox Advisors initiated coverage on Vertiv in a research note on Monday, January 6th. They set an "equal weight" rating on the stock. Evercore ISI decreased their price target on Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a research report on Friday, January 17th. Melius Research restated a "hold" rating and issued a $125.00 price objective on shares of Vertiv in a research report on Tuesday, January 28th. Barclays decreased their target price on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a report on Friday, April 4th. Finally, Royal Bank of Canada began coverage on shares of Vertiv in a report on Friday, March 7th. They issued an "outperform" rating and a $121.00 price target for the company. Four investment 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 company's stock. According to MarketBeat, Vertiv has a consensus rating of "Moderate Buy" and an average price target of $121.94.
Check Out Our Latest Analysis on VRT
Vertiv Price Performance
Shares of NYSE VRT traded up $9.15 during trading hours on Wednesday, reaching $80.97. 11,318,432 shares of the stock traded hands, compared to its average volume of 9,046,101. Vertiv Holdings Co has a 52-week low of $53.60 and a 52-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. The company's 50-day simple moving average is $82.61 and its two-hundred day simple moving average is $108.08. The company has a market capitalization of $30.83 billion, a P/E ratio of 63.26, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71.
Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $1.94 billion. Equities research analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current year.
Vertiv Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were given a dividend of $0.0375 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.19%. Vertiv's payout ratio is 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.
Featured Stories
Before you consider Vertiv, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Vertiv wasn't on the list.
While Vertiv currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
