Kovitz Investment Group Partners LLC Takes Position in Vertiv Holdings Co (NYSE:VRT)

Kovitz Investment Group Partners LLC purchased a new stake in Vertiv Holdings Co (NYSE:VRT - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,038 shares of the company's stock, valued at approximately $459,000.

Other large investors have also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC raised its holdings in shares of Vertiv by 41.8% in the fourth quarter. Integrated Wealth Concepts LLC now owns 10,939 shares of the company's stock valued at $1,243,000 after buying an additional 3,225 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its stake in shares of Vertiv by 1.9% in the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 65,778 shares of the company's stock worth $7,473,000 after acquiring an additional 1,227 shares during the last quarter. RiverPark Advisors LLC lifted its position in shares of Vertiv by 82.9% during the fourth quarter. RiverPark Advisors LLC now owns 697 shares of the company's stock worth $79,000 after purchasing an additional 316 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its stake in shares of Vertiv by 106.3% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 136,474 shares of the company's stock valued at $15,505,000 after purchasing an additional 70,317 shares during the last quarter. Finally, MGO One Seven LLC increased its holdings in shares of Vertiv by 54.0% in the fourth quarter. MGO One Seven LLC now owns 15,885 shares of the company's stock valued at $1,805,000 after purchasing an additional 5,573 shares in the last quarter. 89.92% of the stock is owned by institutional investors.

Vertiv Stock Up 2.7 %

Shares of Vertiv stock traded up $2.46 during trading hours on Friday, reaching $95.01. 9,123,436 shares of the company's stock were exchanged, compared to its average volume of 8,981,587. 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 company has a 50 day moving average of $80.14 and a two-hundred day moving average of $106.87. The stock has a market cap of $36.18 billion, a P/E ratio of 74.23, 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.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The business's revenue was up 24.2% compared to the same quarter last year. During the same period last year, the company earned $0.43 earnings per share. On average, sell-side analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The company 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. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.16%. Vertiv's dividend payout ratio (DPR) is currently 8.72%.

Analyst Ratings Changes

VRT has been the topic of a number of recent research reports. Morgan Stanley decreased their price objective on Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Roth Capital upgraded Vertiv to a "strong-buy" rating in a research report on Monday, April 7th. KGI Securities started coverage on shares of Vertiv in a research report on Thursday, April 24th. They set a "hold" rating on the stock. The Goldman Sachs Group dropped their price target on shares of Vertiv from $135.00 to $85.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Finally, Melius Research reaffirmed a "hold" rating and issued a $125.00 price objective on shares of Vertiv in a research note on Tuesday, January 28th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Vertiv has a consensus rating of "Moderate Buy" and an average target price of $120.38.

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.