Vertiv Holdings Co (NYSE:VRT) Shares Sold by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC cut its stake in Vertiv Holdings Co (NYSE:VRT - Free Report) by 33.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,401 shares of the company's stock after selling 6,160 shares during the period. Beacon Pointe Advisors LLC's holdings in Vertiv were worth $1,409,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in VRT. SOA Wealth Advisors LLC. acquired a new position in Vertiv in the fourth quarter valued at approximately $26,000. OLD Second National Bank of Aurora acquired a new stake in shares of Vertiv in the fourth quarter valued at about $30,000. Tradewinds Capital Management LLC lifted its position in Vertiv by 61.3% in the fourth 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 period. FNY Investment Advisers LLC acquired a new position in Vertiv in the fourth quarter worth $34,000. Finally, Pittenger & Anderson Inc. boosted its holdings 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 acquiring an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on VRT. Melius cut Vertiv from a "buy" rating to a "hold" rating and set a $125.00 target price for the company. in a report on Tuesday, January 28th. Roth Mkm initiated coverage on Vertiv in a research note on Tuesday, April 8th. They issued a "buy" rating and a $75.00 price target for the company. Royal Bank of Canada assumed coverage on Vertiv in a report on Friday, March 7th. They issued an "outperform" rating and a $121.00 target price on the stock. Roth Capital upgraded shares of Vertiv to a "strong-buy" rating in a report on Monday, April 7th. Finally, Morgan Stanley cut their price objective on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Five investment 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $120.38.

Vertiv Stock Performance

Shares of NYSE:VRT traded up $2.46 during mid-day trading on Friday, reaching $95.01. 9,123,436 shares of the company traded hands, compared to its average volume of 8,981,587. The firm has a market cap of $36.18 billion, a PE ratio of 74.23, a PEG ratio of 1.07 and a beta of 1.71. 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 company's 50 day moving average price is $80.14 and its 200-day moving average price is $106.87. Vertiv Holdings Co has a 52 week low of $53.60 and a 52 week high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings results 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 company 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%. Vertiv's revenue was up 24.2% on a year-over-year basis. During the same period last year, the company earned $0.43 earnings per share. On average, equities analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were paid 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 dividend yield of 0.16%. Vertiv's dividend payout ratio (DPR) is presently 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.