Arete Wealth Advisors LLC Sells 571 Shares of Vertiv Holdings Co (NYSE:VRT)

Arete Wealth Advisors LLC reduced its stake in Vertiv Holdings Co (NYSE:VRT) by 9.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,392 shares of the company’s stock after selling 571 shares during the quarter. Arete Wealth Advisors LLC’s holdings in Vertiv were worth $614,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Vertiv by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company’s stock worth $4,130,415,000 after buying an additional 1,244,780 shares during the period. Jennison Associates LLC raised its stake in Vertiv by 68.6% during the 4th quarter. Jennison Associates LLC now owns 7,754,347 shares of the company’s stock worth $880,971,000 after acquiring an additional 3,153,932 shares during the period. State Street Corp lifted its holdings in Vertiv by 4.2% during the third quarter. State Street Corp now owns 7,635,081 shares of the company’s stock valued at $759,614,000 after purchasing an additional 308,704 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Vertiv by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company’s stock worth $688,260,000 after purchasing an additional 99,181 shares during the period. Finally, Massachusetts Financial Services Co. MA purchased a new stake in shares of Vertiv in the fourth quarter worth $597,379,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on VRT. Melius Research reaffirmed a “hold” rating and issued a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. Evercore ISI decreased their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. 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. Melius lowered shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a report on Tuesday, January 28th. Finally, Royal Bank of Canada initiated coverage on shares of Vertiv in a report on Friday, March 7th. They issued an “outperform” rating and a $121.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Vertiv currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.67.

Vertiv Trading Down 11.9 %

Shares of NYSE VRT opened at $59.42 on Friday. The stock has a market capitalization of $22.63 billion, a P/E ratio of 46.43, a PEG ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a 1-year low of $55.32 and a 1-year high of $155.84. The business’s 50 day moving average is $95.23 and its two-hundred day moving average is $110.78. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.15. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. During the same quarter in the previous year, the business earned $0.56 EPS. As a group, research analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were issued a $0.0375 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.25%. Vertiv’s payout ratio is 11.72%.

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.