First Trust Advisors LP Has $58.61 Million Holdings in Vertiv Holdings Co (NYSE:VRT)

First Trust Advisors LP trimmed its holdings in Vertiv Holdings Co (NYSE:VRT - Free Report) by 10.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 515,920 shares of the company's stock after selling 57,216 shares during the quarter. First Trust Advisors LP owned about 0.14% of Vertiv worth $58,614,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Forum Financial Management LP acquired a new stake in shares of Vertiv in the 4th quarter valued at $307,000. Arrow Capital Pty Ltd bought a new stake in Vertiv during the 4th quarter worth about $1,101,000. Canada Pension Plan Investment Board acquired a new position in Vertiv during the 4th quarter valued at about $17,465,000. NewEdge Advisors LLC boosted its stake in shares of Vertiv by 10.4% in the 4th quarter. NewEdge Advisors LLC now owns 95,420 shares of the company's stock valued at $10,841,000 after purchasing an additional 8,982 shares during the last quarter. Finally, Insigneo Advisory Services LLC grew its position in shares of Vertiv by 5.4% during the 4th quarter. Insigneo Advisory Services LLC now owns 5,152 shares of the company's stock worth $585,000 after buying an additional 265 shares during the period. Institutional investors and hedge funds own 89.92% of the company's stock.

Vertiv Stock Up 3.8 %

Shares of NYSE:VRT traded up $3.18 during midday trading on Friday, reaching $87.06. The company had a trading volume of 14,306,641 shares, compared to its average volume of 8,988,784. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The business's 50 day moving average price is $81.05 and its 200 day moving average price is $107.57. The stock has a market cap of $33.15 billion, a PE ratio of 68.02, a P/E/G ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a 1-year low of $53.60 and a 1-year high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $1.94 billion. Research analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders 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 yield of 0.17%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv's dividend payout ratio (DPR) is presently 8.72%.

Analyst Upgrades and Downgrades

VRT has been the subject of a number of analyst reports. Cowen reaffirmed a "buy" rating on shares of Vertiv in a report on Thursday. KGI Securities started coverage on Vertiv in a research note on Thursday. They issued a "hold" rating on the stock. Melius cut Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price target for the company. in a research note on Tuesday, January 28th. Roth Capital upgraded shares of Vertiv to a "strong-buy" rating in a report on Monday, April 7th. 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $120.38.

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.