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

Vident Advisory LLC grew its stake in Vertiv Holdings Co (NYSE:VRT - Free Report) by 197.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,434 shares of the company's stock after purchasing an additional 15,558 shares during the period. Vident Advisory LLC's holdings in Vertiv were worth $2,662,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. SOA Wealth Advisors LLC. bought a new position in Vertiv in the fourth quarter worth approximately $26,000. OLD Second National Bank of Aurora bought a new position in shares of Vertiv during the 4th quarter worth $30,000. Tradewinds Capital Management LLC increased its stake in shares of Vertiv by 61.3% during the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock valued at $33,000 after buying an additional 111 shares during the period. Pittenger & Anderson Inc. raised its holdings in shares of Vertiv by 92.0% in the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock valued at $36,000 after acquiring an additional 150 shares in the last quarter. Finally, Colonial Trust Co SC raised its holdings in shares of Vertiv by 211.9% in the fourth quarter. Colonial Trust Co SC now owns 315 shares of the company's stock valued at $36,000 after acquiring an additional 214 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Vertiv Stock Performance

Vertiv stock traded down $0.12 during mid-day trading on Monday, reaching $104.08. 3,965,121 shares of the company traded hands, compared to its average volume of 8,971,456. The firm's fifty day moving average is $84.59 and its two-hundred day moving average is $105.67. The company has a market capitalization of $39.67 billion, a price-to-earnings ratio of 81.31, 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 earnings per share (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 firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the firm earned $0.43 EPS. The firm's revenue was up 24.2% on a year-over-year basis. On average, equities research analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date was Tuesday, March 18th. Vertiv's dividend payout ratio (DPR) is 8.72%.

Insider Activity at Vertiv

In other Vertiv news, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction that occurred 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 directly owns 18,847 shares in the company, valued at approximately $1,777,837.51. The trade was a 22.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.63% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on VRT shares. Barclays dropped their target price on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a report on Friday, April 4th. JPMorgan Chase & Co. lifted their price target on Vertiv from $100.00 to $127.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Roth Capital upgraded Vertiv to a "strong-buy" rating in a research note on Monday, April 7th. Cowen reiterated a "buy" rating on shares of Vertiv in a research note on Thursday, April 24th. Finally, Melius Research reissued a "hold" rating and set a $125.00 price target on shares of Vertiv in a research report on Tuesday, January 28th. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Vertiv currently has an average rating of "Moderate Buy" and an average price target of $122.06.

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.