Baird Financial Group Inc. Sells 183,290 Shares of Vertiv Holdings Co (NYSE:VRT)

Baird Financial Group Inc. trimmed its position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 27.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 480,319 shares of the company's stock after selling 183,290 shares during the quarter. Baird Financial Group Inc. owned approximately 0.13% of Vertiv worth $54,569,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of VRT. Barclays PLC increased its holdings in Vertiv by 51.4% during the 3rd quarter. Barclays PLC now owns 431,586 shares of the company's stock valued at $42,940,000 after purchasing an additional 146,463 shares in the last quarter. World Investment Advisors LLC acquired a new stake in shares of Vertiv in the third quarter valued at $1,230,000. Wilmington Savings Fund Society FSB bought a new position in shares of Vertiv in the third quarter valued at about $584,000. B. Riley Wealth Advisors Inc. lifted its position in Vertiv by 18.6% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 6,502 shares of the company's stock worth $660,000 after buying an additional 1,021 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Vertiv by 430.5% during the 3rd quarter. Principal Financial Group Inc. now owns 165,557 shares of the company's stock worth $16,471,000 after acquiring an additional 134,349 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Analysts Set New Price Targets

VRT has been the topic of a number of research reports. JPMorgan Chase & Co. reduced their target price on shares of Vertiv from $132.00 to $100.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Melius lowered Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price objective on the stock. in a research report on Tuesday, January 28th. Melius Research restated a "hold" rating and set a $125.00 target price on shares of Vertiv in a research report on Tuesday, January 28th. The Goldman Sachs Group cut their price target on Vertiv from $135.00 to $85.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Finally, Fox Advisors began coverage on Vertiv in a report on Monday, January 6th. They set an "equal weight" rating for the company. Five research 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 stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $120.38.

Vertiv Trading Up 2.7 %

Shares of NYSE VRT opened at $95.01 on Monday. 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 twelve month low of $53.60 and a twelve month high of $155.84. The company's fifty day moving average is $80.14 and its 200-day moving average is $106.78. The stock has a market cap of $36.18 billion, a price-to-earnings ratio of 74.23, a P/E/G ratio of 1.07 and a beta of 1.70.

Vertiv (NYSE:VRT - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The firm had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same period in the previous year, the firm earned $0.43 earnings per share. The company's revenue was up 24.2% on a year-over-year basis. Equities research analysts predict 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. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.0375 per share. 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%.

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.

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