Vertiv Holdings Co (NYSE:VRT) Shares Bought by Stifel Financial Corp

Stifel Financial Corp boosted its stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 70.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 449,280 shares of the company's stock after purchasing an additional 185,939 shares during the period. Stifel Financial Corp owned approximately 0.12% of Vertiv worth $51,043,000 at the end of the most recent reporting period.

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

Vertiv Trading Up 3.8 %

NYSE:VRT traded up $3.18 on Friday, hitting $87.06. 14,306,641 shares of the stock were exchanged, compared to its average volume of 8,988,784. The stock has a market cap of $33.15 billion, a PE ratio of 68.02, a PEG 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. The stock has a fifty day moving average of $81.05 and a 200-day moving average of $107.57. Vertiv Holdings Co has a fifty-two week low of $53.60 and a fifty-two week high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly 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. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The firm had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $1.94 billion. As a group, equities analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were paid a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.17%. Vertiv's dividend payout ratio (DPR) is presently 8.72%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on VRT. JPMorgan Chase & Co. decreased their target price on shares of Vertiv from $132.00 to $100.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Cowen reiterated a "buy" rating on shares of Vertiv in a research note on Thursday. Barclays reduced their price objective 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. Roth Capital upgraded shares of Vertiv to a "strong-buy" rating in a research report on Monday, April 7th. Finally, Royal Bank of Canada initiated coverage on shares of Vertiv in a research report on Friday, March 7th. They set an "outperform" rating and a $121.00 price objective for the company. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus 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.