Alerus Financial NA Reduces Stock Position in Vertiv Holdings Co (NYSE:VRT)

Alerus Financial NA trimmed its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 13.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,564 shares of the company’s stock after selling 6,783 shares during the quarter. Alerus Financial NA’s holdings in Vertiv were worth $4,949,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. denkapparat Operations GmbH purchased a new position in shares of Vertiv in the 4th quarter worth approximately $232,000. Nomura Asset Management Co. Ltd. boosted its stake in Vertiv by 8.1% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 303,717 shares of the company’s stock worth $34,505,000 after buying an additional 22,733 shares during the period. New Age Alpha Advisors LLC increased its position in Vertiv by 20.5% during the fourth quarter. New Age Alpha Advisors LLC now owns 30,000 shares of the company’s stock valued at $3,408,000 after acquiring an additional 5,100 shares during the last quarter. Norges Bank purchased a new stake in shares of Vertiv in the fourth quarter valued at $391,777,000. Finally, Blair William & Co. IL lifted its holdings in shares of Vertiv by 979.8% in the 4th quarter. Blair William & Co. IL now owns 74,158 shares of the company’s stock worth $8,425,000 after acquiring an additional 67,290 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

Vertiv Trading Down 6.3 %

Shares of NYSE:VRT opened at $76.44 on Friday. 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 12-month low of $62.40 and a 12-month high of $155.84. The business has a 50 day moving average of $103.98 and a two-hundred day moving average of $111.23. The company has a market capitalization of $29.11 billion, a PE ratio of 59.72, a PEG ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.15. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. During the same period in the previous year, the firm earned $0.56 earnings per share. As a group, analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current 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 given a dividend of $0.0375 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.20%. Vertiv’s dividend payout ratio (DPR) is presently 11.72%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Barclays decreased their target price on Vertiv from $111.00 to $100.00 and set an “equal weight” rating for the company in a research report on Wednesday. Citigroup increased their price objective on shares of Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Melius Research restated a “hold” rating and set a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. Evercore ISI reduced their price target on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Finally, Fox Advisors assumed coverage on Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating on the stock. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.33.

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.