Bokf Na Cuts Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Bokf Na lowered its stake in Vertiv Holdings Co (NYSE:VRT - Free Report) by 11.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,638 shares of the company's stock after selling 4,949 shares during the quarter. Bokf Na's holdings in Vertiv were worth $4,276,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Vertiv by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock worth $4,130,415,000 after acquiring an additional 1,244,780 shares in the last quarter. Jennison Associates LLC raised its stake in Vertiv by 68.6% during the fourth quarter. Jennison Associates LLC now owns 7,754,347 shares of the company's stock valued at $880,971,000 after purchasing an additional 3,153,932 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Vertiv by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company's stock worth $688,260,000 after buying an additional 99,181 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in shares of Vertiv during the 4th quarter valued at about $597,379,000. Finally, Wellington Management Group LLP raised its position in shares of Vertiv by 25.3% during the 4th quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company's stock valued at $557,349,000 after buying an additional 990,361 shares in the last quarter. Institutional investors own 89.92% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on VRT. KGI Securities began coverage on Vertiv in a research report on Thursday, April 24th. They set a "hold" rating on the stock. Royal Bank of Canada initiated coverage on shares of Vertiv in a research note on Friday, March 7th. They issued an "outperform" rating and a $121.00 target price on the stock. Cowen restated a "buy" rating on shares of Vertiv in a research report on Thursday, April 24th. Melius Research reiterated a "hold" rating and issued a $125.00 price target on shares of Vertiv in a report on Tuesday, January 28th. Finally, Roth Capital upgraded Vertiv to a "strong-buy" rating in a report on Monday, April 7th. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $120.38.

Vertiv Price Performance

Shares of NYSE:VRT opened at $93.57 on Wednesday. The company has a current ratio of 1.65, a quick ratio of 1.02 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 50 day moving average is $80.09 and its 200 day moving average is $106.57. The company has a market cap of $35.63 billion, a PE ratio of 73.10, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70.

Vertiv (NYSE:VRT - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $1.94 billion. During the same quarter last year, the company posted $0.43 earnings per share. The firm's revenue was up 24.2% compared to the same quarter last year. On average, sell-side analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

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