DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Buys 59,718 Shares of Vertiv Holdings Co (NYSE:VRT)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 5.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,167,087 shares of the company's stock after acquiring an additional 59,718 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned 0.31% of Vertiv worth $132,593,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. SOA Wealth Advisors LLC. bought a new position in Vertiv in the 4th quarter worth $26,000. OLD Second National Bank of Aurora bought a new position in shares of Vertiv in the fourth quarter worth about $30,000. Tradewinds Capital Management LLC grew its position in shares of Vertiv by 61.3% during 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 bought a new stake in Vertiv during the 4th quarter valued at approximately $34,000. Finally, Pittenger & Anderson Inc. boosted its stake in Vertiv by 92.0% in the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock worth $36,000 after purchasing an additional 150 shares during the period. Hedge funds and other institutional investors own 89.92% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. dropped their target price on shares of Vertiv from $132.00 to $100.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Roth Mkm initiated coverage on Vertiv in a report on Tuesday, April 8th. They issued a "buy" rating and a $75.00 target price on the stock. Roth Capital raised Vertiv to a "strong-buy" rating in a research note on Monday, April 7th. Evercore ISI reduced their price objective on Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a research note on Friday, January 17th. Finally, Melius lowered shares of 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. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Vertiv currently has an average rating of "Moderate Buy" and a consensus price target of $120.38.

Vertiv Stock Performance

Shares of NYSE:VRT opened at $95.57 on Thursday. The firm has a market cap of $36.39 billion, a PE ratio of 74.66, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. Vertiv Holdings Co has a one year low of $53.60 and a one year high of $155.84. The firm's 50 day simple moving average is $80.10 and its 200-day simple moving average is $106.50.

Vertiv (NYSE:VRT - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The business had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the company posted $0.43 earnings per share. The firm's revenue was up 24.2% on a year-over-year basis. As a group, equities analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv's payout ratio 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.

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