Vertiv Holdings Co (NYSE:VRT) Holdings Cut by Bridgefront Capital LLC

Bridgefront Capital LLC decreased its position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 41.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,069 shares of the company's stock after selling 2,893 shares during the period. Bridgefront Capital LLC's holdings in Vertiv were worth $462,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. SOA Wealth Advisors LLC. acquired a new stake in shares of Vertiv during the 4th quarter valued at about $26,000. OLD Second National Bank of Aurora bought a new position in Vertiv during the fourth quarter valued at approximately $30,000. Tradewinds Capital Management LLC lifted its stake in Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock valued at $33,000 after acquiring an additional 111 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in Vertiv in the fourth quarter worth approximately $34,000. Finally, Pittenger & Anderson Inc. increased its stake in shares of Vertiv by 92.0% during the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock worth $36,000 after purchasing an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Analysts Set New Price Targets

VRT has been the subject of a number of recent research reports. Evercore ISI decreased their price objective on shares of Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a report on Friday, January 17th. Roth Capital upgraded Vertiv to a "strong-buy" rating in a research note on Monday, April 7th. Melius downgraded Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price objective on the stock. in a research note on Tuesday, January 28th. Roth Mkm started coverage on Vertiv in a report on Tuesday, April 8th. They issued a "buy" rating and a $75.00 target price for the company. Finally, Barclays lowered their price target on Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a report on Friday, April 4th. Five 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, Vertiv has a consensus rating of "Moderate Buy" and an average price target of $120.38.

Vertiv Stock Down 1.3 %

Shares of VRT opened at $93.57 on Wednesday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The company has a 50-day simple moving average of $80.09 and a 200-day simple moving average of $106.57. Vertiv Holdings Co has a 52 week low of $53.60 and a 52 week high of $155.84. The firm has a market capitalization of $35.63 billion, a P/E ratio of 73.10, a P/E/G ratio of 1.07 and a beta of 1.70.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings data 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 the consensus estimate of $1.94 billion. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The company's quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter last year, the company earned $0.43 EPS. On average, equities research analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv's dividend payout ratio is 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.

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