Vertiv Holdings Co (NYSE:VRT) Shares Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC raised its position in Vertiv Holdings Co (NYSE:VRT - Free Report) by 57.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 190,923 shares of the company's stock after buying an additional 69,539 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.05% of Vertiv worth $21,691,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PGGM Investments purchased a new stake in Vertiv in the fourth quarter valued at approximately $4,977,000. Balboa Wealth Partners increased its holdings in shares of Vertiv by 20.5% in the fourth quarter. Balboa Wealth Partners now owns 17,407 shares of the company's stock valued at $1,978,000 after purchasing an additional 2,959 shares during the period. Bowen Hanes & Co. Inc. increased its holdings in shares of Vertiv by 810.0% in the fourth quarter. Bowen Hanes & Co. Inc. now owns 232,045 shares of the company's stock valued at $26,363,000 after purchasing an additional 206,545 shares during the period. Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Vertiv by 26.3% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 102,344 shares of the company's stock valued at $11,896,000 after purchasing an additional 21,300 shares during the period. Finally, Achmea Investment Management B.V. increased its holdings in shares of Vertiv by 1,257.1% in the fourth quarter. Achmea Investment Management B.V. now owns 45,597 shares of the company's stock valued at $5,181,000 after purchasing an additional 42,237 shares during the period. Hedge funds and other institutional investors own 89.92% of the company's stock.

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Vertiv Trading Down 0.1 %

NYSE:VRT traded down $0.10 on Thursday, hitting $89.07. 5,467,293 shares of the stock were exchanged, compared to its average volume of 8,538,314. The stock has a market cap of $33.92 billion, a PE ratio of 69.59, a PEG ratio of 1.07 and a beta of 1.71. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The stock has a fifty day moving average of $109.07 and a 200-day moving average of $111.02. Vertiv Holdings Co has a fifty-two week low of $62.40 and a fifty-two week high of $155.84.

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

Vertiv Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be paid a $0.0375 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.17%. Vertiv's dividend payout ratio (DPR) is currently 11.72%.

Analyst Upgrades and Downgrades

VRT has been the topic of a number of recent analyst reports. Melius Research reaffirmed a "hold" rating and set a $125.00 price objective on shares of Vertiv in a report on Tuesday, January 28th. Royal Bank of Canada initiated coverage on Vertiv in a report on Friday, March 7th. They set an "outperform" rating and a $121.00 price objective on the stock. Barclays dropped their price objective on Vertiv from $131.00 to $111.00 and set an "equal weight" rating on the stock in a report on Monday, March 3rd. Morgan Stanley initiated coverage on Vertiv in a report on Monday, January 6th. They set an "overweight" rating and a $150.00 price objective on the stock. Finally, Evercore ISI dropped their price objective on Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a report on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Vertiv currently has a consensus rating of "Moderate Buy" and a consensus target price of $136.07.

Vertiv Company Profile

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.