Bearing Point Capital LLC purchased a new stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 8,107 shares of the company's stock, valued at approximately $921,000.
Other institutional investors also recently bought and sold shares of the company. SOA Wealth Advisors LLC. bought a new position in shares of Vertiv in the 4th quarter worth approximately $26,000. OLD Second National Bank of Aurora bought a new position in Vertiv in the fourth quarter worth $30,000. Tradewinds Capital Management LLC raised its holdings 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 in the last quarter. FNY Investment Advisers LLC purchased a new position in Vertiv during the fourth quarter valued at $34,000. Finally, Pittenger & Anderson Inc. boosted its holdings in shares of Vertiv by 92.0% during the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock valued at $36,000 after buying an additional 150 shares in the last quarter. 89.92% of the stock is owned by institutional investors.
Vertiv Stock Performance
Shares of VRT stock opened at $95.01 on Friday. The firm has a market capitalization of $36.18 billion, a PE ratio of 74.23, a P/E/G ratio of 1.07 and a beta of 1.70. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The company has a 50 day moving average price of $80.14 and a 200-day moving average price of $106.84. 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 released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The firm had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the firm earned $0.43 EPS. The business's revenue for the quarter was up 24.2% compared to the same quarter last year. As a group, equities research analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current year.
Vertiv Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were given a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv's payout ratio is 8.72%.
Analyst Ratings Changes
A number of research analysts recently issued reports on the stock. Melius Research reissued a "hold" rating and set a $125.00 price target on shares of Vertiv in a research report on Tuesday, January 28th. Fox Advisors assumed coverage on shares of Vertiv in a report on Monday, January 6th. They set an "equal weight" rating for the company. Royal Bank of Canada started coverage on Vertiv in a research report on Friday, March 7th. They issued an "outperform" rating and a $121.00 price target on the stock. Evercore ISI reduced their price objective on Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a research report on Friday, January 17th. Finally, Cowen reissued a "buy" rating on shares of Vertiv in a report on Thursday, April 24th. 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 company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $120.38.
Read Our Latest Analysis on VRT
About Vertiv
(
Free Report)
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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