10,131 Shares in Vertiv Holdings Co (NYSE:VRT) Bought by Virtus ETF Advisers LLC

Virtus ETF Advisers LLC acquired a new position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 10,131 shares of the company's stock, valued at approximately $1,151,000.

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on VRT. Cowen reaffirmed a "buy" rating on shares of Vertiv in a report on Thursday, April 24th. Evercore ISI cut their price objective on Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a research report on Friday, January 17th. JPMorgan Chase & Co. dropped their price objective on Vertiv from $132.00 to $100.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Melius Research reissued a "hold" rating and issued a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. Finally, The Goldman Sachs Group cut their price target on Vertiv from $135.00 to $85.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $120.38.

Vertiv Trading Down 2.5 %

VRT traded down $2.17 during trading on Wednesday, hitting $84.02. 3,807,072 shares of the company's stock were exchanged, compared to its average volume of 8,935,572. The stock has a 50 day moving average price of $80.26 and a 200 day moving average price of $107.24. 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 firm has a market cap of $31.99 billion, a P/E ratio of 65.64, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT - Get Free Report) last posted its 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 business had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $1.94 billion. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The business's revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.43 earnings per share. As a group, analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were given a $0.0375 dividend. 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 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.