TD Waterhouse Canada Inc. Acquires 13,667 Shares of Vertiv Holdings Co (NYSE:VRT)

TD Waterhouse Canada Inc. lifted its position in Vertiv Holdings Co (NYSE:VRT - Free Report) by 239.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 19,378 shares of the company's stock after purchasing an additional 13,667 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Vertiv were worth $2,203,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. SOA Wealth Advisors LLC. acquired a new position in shares of Vertiv in the 4th quarter valued at $26,000. OLD Second National Bank of Aurora bought a new stake in shares of Vertiv in the 4th quarter valued at about $30,000. Tradewinds Capital Management LLC raised its position in shares of Vertiv by 61.3% in the 4th 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 period. FNY Investment Advisers LLC bought a new stake in Vertiv in the fourth quarter valued at approximately $34,000. Finally, Pittenger & Anderson Inc. raised its stake in Vertiv by 92.0% during the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock worth $36,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 89.92% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Roth Capital upgraded shares of Vertiv to a "strong-buy" rating in a report on Monday, April 7th. Citigroup reduced their target price on shares of Vertiv from $153.00 to $98.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Melius Research reissued a "hold" rating and issued a $125.00 price target on shares of Vertiv in a research note on Tuesday, January 28th. Roth Mkm began coverage on Vertiv in a research report on Tuesday, April 8th. They set a "buy" rating and a $75.00 price objective for the company. Finally, Barclays decreased their price objective on Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a report on Friday, April 4th. Five investment 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 stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $120.38.

Vertiv Stock Performance

Shares of VRT stock traded down $1.95 during trading on Monday, reaching $85.01. 3,457,620 shares of the company's stock were exchanged, compared to its average volume of 8,969,047. Vertiv Holdings Co has a twelve month low of $53.60 and a twelve month high of $155.84. The firm's fifty day moving average price is $81.05 and its 200-day moving average price is $107.57. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $32.37 billion, a PE ratio of 66.44, a PEG ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. As a group, sell-side analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders 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 dividend yield of 0.18%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv's dividend payout ratio is presently 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.