Vertiv Holdings Co (NYSE:VRT) Shares Sold by World Investment Advisors

World Investment Advisors decreased its position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 79.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,497 shares of the company's stock after selling 9,863 shares during the quarter. World Investment Advisors' holdings in Vertiv were worth $284,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. SOA Wealth Advisors LLC. acquired a new stake in Vertiv during the fourth quarter worth $26,000. OLD Second National Bank of Aurora purchased a new position in shares of Vertiv during the 4th quarter worth $30,000. Tradewinds Capital Management LLC increased its position in shares of Vertiv by 61.3% during the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock worth $33,000 after purchasing an additional 111 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in Vertiv in the 4th quarter valued at about $34,000. Finally, Pittenger & Anderson Inc. lifted its position in Vertiv by 92.0% in the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock valued at $36,000 after buying an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Vertiv Stock Performance

NYSE VRT traded up $1.66 on Friday, hitting $69.39. 8,182,977 shares of the company's stock were exchanged, compared to its average volume of 9,009,290. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The firm's 50-day moving average price is $89.17 and its two-hundred day moving average price is $109.50. The firm has a market cap of $26.42 billion, a price-to-earnings ratio of 54.21, a P/E/G ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a fifty-two week low of $53.60 and a fifty-two week high of $155.84.

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Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates 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 firm posted $0.56 EPS. On average, research analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.22%. The ex-dividend date was Tuesday, March 18th. Vertiv's dividend payout ratio (DPR) is 11.72%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on VRT. Fox Advisors initiated coverage on Vertiv in a research report on Monday, January 6th. They issued an "equal weight" rating on the stock. Morgan Stanley began coverage on Vertiv in a report on Monday, January 6th. They issued an "overweight" rating and a $150.00 price objective on the stock. Royal Bank of Canada initiated coverage on Vertiv in a research note on Friday, March 7th. They set an "outperform" rating and a $121.00 target price on the stock. The Goldman Sachs Group cut 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. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Vertiv from $132.00 to $100.00 and set an "overweight" rating for the company in a research note on Tuesday. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Vertiv has an average rating of "Moderate Buy" and a consensus target price of $125.50.

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.