Gallo Partners LP purchased a new stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 16,073 shares of the company's stock, valued at approximately $1,826,000.
Other institutional investors have also bought and sold shares of the company. SOA Wealth Advisors LLC. bought a new stake in Vertiv during the fourth quarter valued at $26,000. OLD Second National Bank of Aurora bought a new position in shares of Vertiv during the 4th quarter worth about $30,000. Tradewinds Capital Management LLC boosted its position in shares of Vertiv by 61.3% during the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock worth $33,000 after purchasing an additional 111 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of Vertiv during the 4th quarter worth about $34,000. Finally, Pittenger & Anderson Inc. boosted its position in shares of Vertiv by 92.0% during the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock worth $36,000 after purchasing an additional 150 shares in the last quarter. Institutional investors own 89.92% of the company's stock.
Vertiv Stock Performance
Shares of NYSE VRT traded up $7.22 during midday trading on Thursday, reaching $92.60. The company's stock had a trading volume of 16,425,750 shares, compared to its average volume of 8,969,188. Vertiv Holdings Co has a 12-month low of $53.60 and a 12-month high of $155.84. The firm has a 50 day moving average price of $80.08 and a 200-day moving average price of $106.96. The stock has a market capitalization of $35.26 billion, a P/E ratio of 72.35, a PEG ratio of 1.07 and a beta of 1.71. 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 announced its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The company's revenue was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.43 EPS. As a group, equities analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current year.
Vertiv Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were issued a $0.0375 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.16%. Vertiv's dividend payout ratio (DPR) is presently 8.72%.
Analyst Ratings Changes
A number of research firms have recently issued reports on VRT. Citigroup cut their price objective on shares of Vertiv from $153.00 to $98.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. JPMorgan Chase & Co. cut their price objective on shares of Vertiv from $132.00 to $100.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. The Goldman Sachs Group cut their price objective on shares of Vertiv from $135.00 to $85.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Evercore ISI dropped their price target on shares of Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a research report on Friday, January 17th. Finally, Melius cut shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price target on the stock. in a research report on Tuesday, January 28th. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Vertiv presently has an average rating of "Moderate Buy" and an average target price of $120.38.
Check Out Our Latest Research Report on VRT
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.
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