67,582 Shares in Vertiv Holdings Co (NYSE:VRT) Bought by Wakefield Asset Management LLLP

Wakefield Asset Management LLLP purchased a new position in Vertiv Holdings Co (NYSE:VRT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 67,582 shares of the company's stock, valued at approximately $3,246,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. grew its holdings in shares of Vertiv by 161.7% during the third quarter. First Horizon Advisors Inc. now owns 662 shares of the company's stock worth $25,000 after buying an additional 409 shares in the last quarter. Clearstead Advisors LLC purchased a new stake in shares of Vertiv during the third quarter worth $38,000. Huntington National Bank grew its holdings in shares of Vertiv by 299.1% during the third quarter. Huntington National Bank now owns 1,329 shares of the company's stock worth $49,000 after buying an additional 996 shares in the last quarter. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Vertiv during the fourth quarter worth $70,000. Finally, Global Retirement Partners LLC boosted its position in shares of Vertiv by 30.0% during the 3rd quarter. Global Retirement Partners LLC now owns 1,588 shares of the company's stock valued at $61,000 after acquiring an additional 366 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Vertiv Trading Up 5.8 %

NYSE VRT traded up $4.65 during trading hours on Friday, reaching $85.34. The company had a trading volume of 7,879,079 shares, compared to its average volume of 8,181,670. The stock has a market capitalization of $32.60 billion, a P/E ratio of 72.32, a price-to-earnings-growth ratio of 1.36 and a beta of 1.59. Vertiv Holdings Co has a 1-year low of $11.95 and a 1-year high of $88.69. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 1.45. The stock has a 50-day moving average of $69.81 and a 200 day moving average of $52.94.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.03. The business had revenue of $1.87 billion for the quarter, compared to analysts' expectations of $1.88 billion. Vertiv had a net margin of 6.71% and a return on equity of 39.46%. The business's quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.28 earnings per share. As a group, research analysts anticipate that Vertiv Holdings Co will post 2.35 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 28th. Stockholders of record on Tuesday, March 19th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.10 annualized dividend and a dividend yield of 0.12%. Vertiv's dividend payout ratio is presently 8.47%.

Insider Transactions at Vertiv

In other news, CAO Scott Cripps sold 56,594 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $70.76, for a total transaction of $4,004,591.44. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CAO Scott Cripps sold 56,594 shares of the company's stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $70.76, for a total transaction of $4,004,591.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Stephen Liang sold 306,196 shares of the company's stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the sale, the executive vice president now owns 51,841 shares in the company, valued at $3,641,311.84. The disclosure for this sale can be found here. Corporate insiders own 5.62% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on VRT shares. Oppenheimer started coverage on shares of Vertiv in a research report on Friday. They set an "outperform" rating and a $96.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on shares of Vertiv from $53.00 to $65.00 and gave the company an "overweight" rating in a research report on Thursday, February 22nd. Evercore ISI boosted their price target on shares of Vertiv from $80.00 to $90.00 and gave the company an "outperform" rating in a research report on Friday. Bank of America boosted their price target on shares of Vertiv from $80.00 to $90.00 and gave the company a "buy" rating in a research report on Monday, March 18th. Finally, Citigroup upped their target price on shares of Vertiv from $49.00 to $58.00 and gave the company a "buy" rating in a research report on Monday, December 11th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $66.33.

About Vertiv

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.