Tema Etfs LLC bought a new position in Vertiv Holdings Co (NYSE:VRT - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,424 shares of the company's stock, valued at approximately $503,000.
A number of other hedge funds have also made changes to their positions in VRT. SOA Wealth Advisors LLC. bought a new stake in Vertiv during the 4th quarter valued at approximately $26,000. OLD Second National Bank of Aurora bought a new stake in shares of Vertiv in the 4th quarter worth approximately $30,000. Tradewinds Capital Management LLC lifted its position in shares of Vertiv by 61.3% in the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock worth $33,000 after acquiring an additional 111 shares during the period. Pittenger & Anderson Inc. lifted its position 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 acquiring an additional 150 shares during the period. Finally, Colonial Trust Co SC lifted its position in shares of Vertiv by 211.9% in the 4th quarter. Colonial Trust Co SC now owns 315 shares of the company's stock worth $36,000 after acquiring an additional 214 shares during the period. Institutional investors and hedge funds own 89.92% of the company's stock.
Analysts Set New Price Targets
VRT has been the subject of a number of research reports. JPMorgan Chase & Co. raised their price objective on Vertiv from $100.00 to $127.00 and gave the stock an "overweight" rating in a research report on Friday. Melius Research reissued a "hold" rating and issued a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. Roth Mkm started coverage on Vertiv in a report on Tuesday, April 8th. They issued a "buy" rating and a $75.00 target price for the company. Roth Capital raised Vertiv to a "strong-buy" rating in a report on Monday, April 7th. Finally, Barclays dropped their target price on Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a report on Friday, April 4th. Five equities 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $122.06.
View Our Latest Research Report on VRT
Insiders Place Their Bets
In other news, insider Karsten Winther sold 5,500 shares of the business's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $94.33, for a total value of $518,815.00. Following the sale, the insider now directly owns 18,847 shares in the company, valued at $1,777,837.51. The trade was a 22.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 2.63% of the company's stock.
Vertiv Trading Down 0.1%
Shares of NYSE VRT traded down $0.06 during midday trading on Tuesday, hitting $106.34. The stock had a trading volume of 4,019,280 shares, compared to its average volume of 9,008,314. The company's 50-day simple moving average is $83.12 and its 200 day simple moving average is $105.97. The firm has a market cap of $40.53 billion, a P/E ratio of 83.08, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70. Vertiv Holdings Co has a fifty-two week low of $53.60 and a fifty-two week high of $155.84. 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 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 return on equity of 61.41% and a net margin of 6.19%. The company had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same period last year, the firm earned $0.43 EPS. The business's revenue for the quarter was up 24.2% on a year-over-year basis. Research analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current year.
Vertiv Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.0375 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.14%. Vertiv's dividend payout ratio is presently 8.72%.
Vertiv Company Profile
(
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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