MGO One Seven LLC Has $1.81 Million Holdings in Vertiv Holdings Co (NYSE:VRT)

MGO One Seven LLC lifted its holdings in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 54.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,885 shares of the company's stock after buying an additional 5,573 shares during the quarter. MGO One Seven LLC's holdings in Vertiv were worth $1,805,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. SOA Wealth Advisors LLC. acquired a new stake in Vertiv in the 4th quarter valued at about $26,000. OLD Second National Bank of Aurora acquired a new position in shares of Vertiv during the fourth quarter worth $30,000. Tradewinds Capital Management LLC lifted 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 buying an additional 111 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Vertiv in the 4th quarter valued at about $34,000. Finally, Pittenger & Anderson Inc. grew its position in shares of Vertiv by 92.0% during the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock worth $36,000 after acquiring an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Vertiv Stock Performance

VRT traded down $0.36 during trading on Tuesday, reaching $85.79. 1,940,238 shares of the company were exchanged, compared to its average volume of 8,960,617. 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 stock has a market cap of $32.67 billion, a P/E ratio of 67.10, a PEG ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a 52 week low of $53.60 and a 52 week high of $155.84. The firm has a 50 day moving average of $80.62 and a 200 day moving average of $107.39.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 EPS 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 company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the business earned $0.43 earnings per share. Vertiv's revenue was up 24.2% compared to the same quarter last year. On average, sell-side 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 0.17%. The ex-dividend date was Tuesday, March 18th. Vertiv's payout ratio is currently 8.72%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on VRT shares. KGI Securities assumed coverage on shares of Vertiv in a research note on Thursday. They set a "hold" rating for the company. Barclays reduced their price target on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a research report on Friday, April 4th. Citigroup lowered their price target on Vertiv from $153.00 to $98.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Melius downgraded 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. Finally, The Goldman Sachs Group reduced their price target on shares of Vertiv from $135.00 to $85.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $120.38.

Vertiv 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.