Forum Financial Management LP bought a new stake in Vertiv Holdings Co (NYSE:VRT - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,705 shares of the company's stock, valued at approximately $307,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC lifted its position in shares of Vertiv by 51.4% in the third quarter. Barclays PLC now owns 431,586 shares of the company's stock valued at $42,940,000 after acquiring an additional 146,463 shares in the last quarter. RFG Advisory LLC bought a new position in Vertiv in the 4th quarter valued at $215,000. Fifth Third Bancorp grew its position in Vertiv by 8.1% in the 4th quarter. Fifth Third Bancorp now owns 1,126 shares of the company's stock valued at $128,000 after acquiring an additional 84 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Vertiv by 108.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 2,147 shares of the company's stock worth $244,000 after buying an additional 1,115 shares during the period. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of Vertiv in the 4th quarter worth $218,000. Hedge funds and other institutional investors own 89.92% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the company. Cowen restated a "buy" rating on shares of Vertiv in a research note on Thursday, April 24th. Evercore ISI reaffirmed an "outperform" rating and set a $150.00 target price (up from $100.00) on shares of Vertiv in a report on Tuesday, May 27th. Royal Bank of Canada assumed coverage on Vertiv in a research report on Friday, March 7th. They set an "outperform" rating and a $121.00 price target on the stock. KGI Securities assumed coverage on Vertiv in a research report on Thursday, April 24th. They set a "hold" rating on the stock. Finally, The Goldman Sachs Group decreased their target price on Vertiv from $135.00 to $85.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Five investment 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $122.38.
View Our Latest Analysis on VRT
Vertiv Trading Down 0.7%
Shares of VRT traded down $0.73 during trading hours on Friday, reaching $107.74. 6,931,195 shares of the company traded hands, compared to its average volume of 8,913,535. The company has a market capitalization of $41.06 billion, a price-to-earnings ratio of 84.17, a price-to-earnings-growth 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. Vertiv Holdings Co has a 12 month low of $53.60 and a 12 month high of $155.84. The company's fifty day moving average price is $86.34 and its two-hundred day moving average price is $105.09.
Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.02. The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The company's quarterly revenue was up 24.2% on a year-over-year basis. During the same period last year, the firm earned $0.43 earnings per share. Equities research analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.
Vertiv Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders 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 yield of 0.14%. Vertiv's dividend payout ratio is currently 8.72%.
Insider Transactions at Vertiv
In other news, insider Karsten Winther sold 5,500 shares of the company's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $94.33, for a total value of $518,815.00. Following the completion of the sale, the insider now owns 18,847 shares of the company's stock, valued at approximately $1,777,837.51. This represents a 22.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.63% of the company's stock.
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.
Featured Articles
Before you consider Vertiv, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Vertiv wasn't on the list.
While Vertiv currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for June 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
