Vertiv Holdings Co (NYSE:VRT) Shares Bought by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC increased its stake in Vertiv Holdings Co (NYSE:VRT) by 33.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,568 shares of the company’s stock after purchasing an additional 7,162 shares during the quarter. HighPoint Advisor Group LLC’s holdings in Vertiv were worth $3,521,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in 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 acquiring an additional 1,244,780 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of Vertiv by 68.6% in the 4th quarter. Jennison Associates LLC now owns 7,754,347 shares of the company’s stock worth $880,971,000 after purchasing an additional 3,153,932 shares in the last quarter. State Street Corp lifted its stake 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 during the last quarter. Geode Capital Management LLC boosted its holdings in Vertiv by 7.4% during the third quarter. Geode Capital Management LLC now owns 5,951,784 shares of the company’s stock worth $592,433,000 after buying an additional 408,054 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in Vertiv by 25.3% in the fourth quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company’s stock worth $557,349,000 after buying an additional 990,361 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

Vertiv Stock Down 2.6 %

Shares of Vertiv stock opened at $74.32 on Monday. The stock has a 50-day simple moving average of $102.74 and a 200-day simple moving average of $111.69. Vertiv Holdings Co has a 52-week low of $62.40 and a 52-week high of $155.84. The firm has a market cap of $28.30 billion, a price-to-earnings ratio of 58.06, a P/E/G ratio of 1.07 and a beta of 1.71. 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 earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping the consensus estimate 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 period in the prior year, the business earned $0.56 earnings per share. On average, equities research analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were paid a dividend of $0.0375 per share. The ex-dividend date of this dividend 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%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Fox Advisors assumed coverage on Vertiv in a report on Monday, January 6th. They issued an “equal weight” rating on the stock. Morgan Stanley assumed coverage on Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 price target on the stock. 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 research note on Tuesday, January 28th. Melius Research reissued a “hold” rating and issued a $125.00 target price on shares of Vertiv in a research report on Tuesday, January 28th. Finally, Royal Bank of Canada assumed coverage on shares of Vertiv in a report on Friday, March 7th. They set an “outperform” rating and a $121.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Vertiv has a consensus rating of “Moderate Buy” and an average target price of $135.33.

About Vertiv

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.