Vertiv Holdings Co (NYSE:VRT) Shares Bought by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC boosted its holdings in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 41.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,939 shares of the company's stock after acquiring an additional 3,225 shares during the period. Integrated Wealth Concepts LLC's holdings in Vertiv were worth $1,243,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Vertiv by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock worth $4,130,415,000 after buying an additional 1,244,780 shares during the last quarter. Jennison Associates LLC increased its stake in Vertiv by 68.6% during the fourth quarter. Jennison Associates LLC now owns 7,754,347 shares of the company's stock worth $880,971,000 after acquiring an additional 3,153,932 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Vertiv by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company's stock worth $688,260,000 after purchasing an additional 99,181 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in Vertiv in the 4th quarter valued at about $597,379,000. Finally, Wellington Management Group LLP lifted its position in Vertiv by 25.3% in the fourth quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company's stock valued at $557,349,000 after buying an additional 990,361 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Fox Advisors began coverage on shares of Vertiv in a research report on Monday, January 6th. They set an "equal weight" rating for the company. Cowen reiterated a "buy" rating on shares of Vertiv in a report on Thursday, April 24th. The Goldman Sachs Group cut their target price on shares of Vertiv from $135.00 to $85.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Royal Bank of Canada initiated coverage on Vertiv in a research report on Friday, March 7th. They issued an "outperform" rating and a $121.00 price target on the stock. Finally, Roth Capital raised shares of Vertiv to a "strong-buy" rating in a research report on Monday, April 7th. Five research 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, the company presently has an average rating of "Moderate Buy" and a consensus target price of $120.38.

Vertiv Stock Performance

Shares of NYSE VRT traded down $0.84 during trading on Wednesday, reaching $85.35. The stock had a trading volume of 8,899,004 shares, compared to its average volume of 8,947,266. The firm's 50 day moving average price is $80.26 and its two-hundred day moving average price is $107.24. Vertiv Holdings Co has a one year low of $53.60 and a one year high of $155.84. The stock has a market cap of $32.50 billion, a PE ratio of 66.68, a P/E/G ratio of 1.07 and a beta of 1.71. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings data 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 analysts' expectations of $1.94 billion. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The company's revenue for the quarter was up 24.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.43 EPS. On average, research analysts forecast 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 yield of 0.18%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv's payout ratio is currently 8.72%.

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.