10,131 Shares in Vertiv Holdings Co (NYSE:VRT) Acquired by Virtus ETF Advisers LLC

Virtus ETF Advisers LLC acquired a new position in Vertiv Holdings Co (NYSE:VRT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,131 shares of the company's stock, valued at approximately $1,151,000.

A number of other large investors have also added to or reduced their stakes in the company. Barclays PLC boosted its holdings in shares of Vertiv by 51.4% in the 3rd quarter. Barclays PLC now owns 431,586 shares of the company's stock worth $42,940,000 after purchasing an additional 146,463 shares during the period. World Investment Advisors LLC purchased a new position in shares of Vertiv in the 3rd quarter worth approximately $1,230,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Vertiv in the 3rd quarter worth approximately $584,000. Blankinship & Foster LLC purchased a new position in shares of Vertiv in the 3rd quarter worth approximately $8,798,000. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in shares of Vertiv by 18.6% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 6,502 shares of the company's stock worth $660,000 after purchasing an additional 1,021 shares during the period. Institutional investors own 89.92% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Evercore ISI cut their price objective on Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a research report on Friday, January 17th. The Goldman Sachs Group reduced their price target 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 target on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a research note on Friday, April 4th. Morgan Stanley reduced their price target on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a research note on Thursday. Finally, Citigroup reduced their price target on shares of Vertiv from $153.00 to $98.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Vertiv has a consensus rating of "Moderate Buy" and an average price target of $120.38.

Vertiv Stock Down 0.9 %

Shares of Vertiv stock traded down $0.82 on Monday, reaching $86.13. The stock had a trading volume of 8,861,150 shares, compared to its average volume of 8,988,314. The company has a 50 day moving average price of $81.05 and a 200 day moving average price of $107.57. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. Vertiv Holdings Co has a 1 year low of $53.60 and a 1 year high of $155.84. The stock has a market capitalization of $32.80 billion, a P/E ratio of 67.29, a P/E/G ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The company's quarterly revenue was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.43 EPS. As a group, equities research analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.17%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv's dividend payout ratio (DPR) is presently 8.72%.

Vertiv 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.