Beck Bode LLC Takes Position in Vertiv Holdings Co (NYSE:VRT)

Beck Bode LLC acquired a new position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 5,429 shares of the company's stock, valued at approximately $617,000.

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

Vertiv Trading Down 1.3 %

Shares of Vertiv stock traded down $1.26 during trading on Tuesday, hitting $93.57. The company's stock had a trading volume of 6,717,636 shares, compared to its average volume of 8,991,710. The stock has a market cap of $35.63 billion, a price-to-earnings ratio of 73.10, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70. Vertiv Holdings Co has a 52 week low of $53.60 and a 52 week high of $155.84. The stock has a 50-day moving average price of $80.07 and a two-hundred day moving average price of $106.66. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share 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 company had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the business posted $0.43 EPS. Vertiv's revenue for the quarter was up 24.2% compared to the same quarter last year. Equities research analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were issued a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.16%. Vertiv's dividend payout ratio (DPR) is presently 8.72%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Evercore ISI dropped their price target on shares of Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a research report on Friday, January 17th. The Goldman Sachs Group dropped their price target on Vertiv from $135.00 to $85.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Citigroup reduced their price objective on Vertiv from $153.00 to $98.00 and set a "buy" rating for the company in a research note on Monday, April 14th. KGI Securities initiated coverage on Vertiv in a research report on Thursday, April 24th. They issued a "hold" rating for the company. Finally, Cowen restated a "buy" rating on shares of Vertiv in a report on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Vertiv currently has an average rating of "Moderate Buy" and an average price target of $120.38.

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.