Vertiv Holdings Co (NYSE:VRT) Shares Acquired by Vident Advisory LLC

Vident Advisory LLC raised its stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 197.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,434 shares of the company's stock after acquiring an additional 15,558 shares during the period. Vident Advisory LLC's holdings in Vertiv were worth $2,662,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Foundations Investment Advisors LLC increased its position in shares of Vertiv by 7.9% during the fourth quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company's stock valued at $21,076,000 after acquiring an additional 13,559 shares during the last quarter. Empowered Funds LLC increased its position in shares of Vertiv by 67.0% during the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company's stock valued at $1,043,000 after acquiring an additional 3,682 shares during the last quarter. Register Financial Advisors LLC acquired a new stake in shares of Vertiv during the fourth quarter valued at about $217,000. Ibex Wealth Advisors acquired a new stake in shares of Vertiv during the fourth quarter valued at about $7,583,000. Finally, PFG Investments LLC acquired a new stake in shares of Vertiv during the fourth quarter valued at about $617,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

VRT has been the subject of a number of research reports. Citigroup dropped their price objective on shares of Vertiv from $153.00 to $98.00 and set a "buy" rating for the company in a report on Monday, April 14th. Morgan Stanley dropped their price objective on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Melius cut shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price objective for the company. in a report on Tuesday, January 28th. Roth Mkm assumed coverage on shares of Vertiv in a report on Tuesday, April 8th. They issued a "buy" rating and a $75.00 price objective for the company. Finally, Melius Research reiterated a "hold" rating and set a $125.00 price target on shares of Vertiv in a report on Tuesday, January 28th. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $122.06.

Vertiv Stock Down 2.6%

Shares of NYSE:VRT opened at $103.58 on Thursday. The company has a market capitalization of $39.47 billion, a PE ratio of 80.92, a P/E/G ratio of 1.07 and a beta of 1.70. 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 firm has a 50 day simple moving average of $83.90 and a 200-day simple moving average of $105.96.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data 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 during 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 revenue was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.43 EPS. On average, equities analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. Vertiv's dividend payout ratio is presently 8.72%.

Insider Transactions at Vertiv

In related news, insider Karsten Winther sold 5,500 shares of the stock in a transaction on Friday, May 9th. The shares were sold at an average price of $94.33, for a total transaction of $518,815.00. Following the completion of the sale, the insider now owns 18,847 shares in the company, valued at $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 available at the SEC website. Insiders own 2.63% of the company's stock.

About Vertiv

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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