Vertiv Holdings Co (NYSE:VRT) Shares Bought by Northern Trust Corp

Northern Trust Corp raised its holdings in Vertiv Holdings Co (NYSE:VRT - Free Report) by 21.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,713,234 shares of the company's stock after acquiring an additional 487,909 shares during the quarter. Northern Trust Corp owned approximately 0.72% of Vertiv worth $308,251,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC grew its stake in Vertiv by 51.4% in the third quarter. Barclays PLC now owns 431,586 shares of the company's stock worth $42,940,000 after purchasing an additional 146,463 shares in the last quarter. World Investment Advisors LLC purchased a new position in shares of Vertiv during the third quarter valued at $1,230,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Vertiv in the third quarter valued at about $584,000. Blankinship & Foster LLC purchased a new stake in Vertiv in the third quarter worth about $8,798,000. Finally, B. Riley Wealth Advisors Inc. grew its holdings in Vertiv by 18.6% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 6,502 shares of the company's stock worth $660,000 after acquiring an additional 1,021 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Vertiv Stock Performance

Shares of NYSE VRT traded up $2.46 during midday trading on Friday, reaching $95.01. The company had a trading volume of 9,123,436 shares, compared to its average volume of 8,981,582. The stock has a market cap of $36.18 billion, a P/E ratio of 74.23, a P/E/G ratio of 1.07 and a beta of 1.71. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. Vertiv Holdings Co has a 1 year low of $53.60 and a 1 year high of $155.84. The business's 50-day simple moving average is $80.14 and its 200 day simple moving average is $106.87.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. The company had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $1.94 billion. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The firm's revenue was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.43 EPS. On average, analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The firm 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 annualized dividend and a yield of 0.16%. Vertiv's dividend payout ratio (DPR) is presently 8.72%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on VRT. Fox Advisors assumed coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an "equal weight" rating for the company. KGI Securities began coverage on Vertiv in a research report on Thursday, April 24th. They set a "hold" rating on the stock. Cowen reissued a "buy" rating on shares of Vertiv in a research report on Thursday, April 24th. Evercore ISI dropped their price objective on Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a research report on Friday, January 17th. Finally, Morgan Stanley reduced their target price on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Five research 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.