Gilder Gagnon Howe & Co. LLC Makes New $2.86 Million Investment in Vertiv Holdings Co (NYSE:VRT)

Gilder Gagnon Howe & Co. LLC purchased a new position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 25,129 shares of the company's stock, valued at approximately $2,855,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. SOA Wealth Advisors LLC. purchased a new position in Vertiv during the fourth quarter worth about $26,000. OLD Second National Bank of Aurora purchased a new position in Vertiv during the fourth quarter worth about $30,000. Tradewinds Capital Management LLC boosted its holdings in Vertiv by 61.3% during the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock worth $33,000 after purchasing an additional 111 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in Vertiv during the fourth quarter worth about $34,000. Finally, Pittenger & Anderson Inc. boosted its holdings in Vertiv by 92.0% during the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock worth $36,000 after purchasing an additional 150 shares during the last quarter. Institutional investors own 89.92% of the company's stock.

Vertiv Stock Performance

Shares of NYSE VRT traded down $0.84 during midday trading on Wednesday, hitting $85.35. The company's stock had a trading volume of 7,035,882 shares, compared to its average volume of 8,954,813. The stock has a fifty day moving average price of $80.26 and a 200 day moving average price of $107.24. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $32.50 billion, a price-to-earnings ratio of 66.68, a P/E/G ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a one year low of $53.60 and a one year high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last posted 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 business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. Vertiv's revenue was up 24.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.43 EPS. On average, research analysts forecast that Vertiv Holdings Co will post 3.59 EPS 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 yield of 0.18%. 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

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of Vertiv from $132.00 to $100.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Roth Mkm assumed coverage on shares of Vertiv in a research note on Tuesday, April 8th. They issued a "buy" rating and a $75.00 target price on the stock. 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 research note on Friday, April 4th. Royal Bank of Canada assumed coverage on shares of Vertiv in a research note on Friday, March 7th. They issued an "outperform" rating and a $121.00 target price on the stock. Finally, Melius cut shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 target price on the stock. in a research note on Tuesday, January 28th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently 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.