45,259 Shares in Vertiv Holdings Co (NYSE:VRT) Bought by Virtu Financial LLC

Virtu Financial LLC bought a new position in Vertiv Holdings Co (NYSE:VRT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 45,259 shares of the company's stock, valued at approximately $5,142,000.

Several other large investors have also added to or reduced their stakes in VRT. SOA Wealth Advisors LLC. purchased a new stake in shares of Vertiv in the fourth quarter worth approximately $26,000. Mark Sheptoff Financial Planning LLC lifted its stake in Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company's stock valued at $30,000 after acquiring an additional 200 shares in the last quarter. Brooklyn Investment Group purchased a new position in Vertiv during the 3rd quarter worth $30,000. OLD Second National Bank of Aurora bought a new stake in shares of Vertiv in the 4th quarter worth $30,000. Finally, Tradewinds Capital Management LLC raised its holdings in shares of Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock valued at $33,000 after purchasing an additional 111 shares during the last quarter. Institutional investors own 89.92% of the company's stock.

Vertiv Price Performance

NYSE VRT traded down $2.14 on Tuesday, hitting $91.55. The stock had a trading volume of 6,847,403 shares, compared to its average volume of 8,522,945. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. Vertiv Holdings Co has a 52-week low of $62.40 and a 52-week high of $155.84. The company has a market capitalization of $34.86 billion, a price-to-earnings ratio of 71.52, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The firm has a 50-day moving average of $106.85 and a 200-day moving average of $111.55.

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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, beating 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 in the previous year, the company posted $0.56 EPS. Equities analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 18th will be given a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date is Tuesday, March 18th. Vertiv's payout ratio is presently 11.72%.

Analysts Set New Price Targets

VRT has been the subject of a number of recent analyst reports. Barclays reduced their price objective on shares of Vertiv from $131.00 to $111.00 and set an "equal weight" rating for the company in a research report on Monday, March 3rd. 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 report on Friday, January 17th. Fox Advisors initiated coverage on Vertiv in a report on Monday, January 6th. They set an "equal weight" rating on the stock. Morgan Stanley began 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. Finally, Melius Research restated a "hold" rating and set a $125.00 price objective on shares of Vertiv in a report on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $136.07.

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.