Vertiv Holdings Co (NYSE:VRT) Shares Sold by Fmr LLC

Fmr LLC lessened its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 5.3% during the 4th quarter, HoldingsChannel reports. The firm owned 11,544,591 shares of the company’s stock after selling 643,950 shares during the period. Fmr LLC’s holdings in Vertiv were worth $1,311,581,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Fifth Third Bancorp boosted its position in Vertiv by 8.1% during the fourth quarter. Fifth Third Bancorp now owns 1,126 shares of the company’s stock worth $128,000 after acquiring an additional 84 shares during the last quarter. Prestige Wealth Management Group LLC lifted its stake in Vertiv by 2.4% in the 4th quarter. Prestige Wealth Management Group LLC now owns 3,695 shares of the company’s stock worth $420,000 after purchasing an additional 85 shares in the last quarter. Accurate Wealth Management LLC boosted its holdings in shares of Vertiv by 4.1% during the 4th quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company’s stock worth $254,000 after purchasing an additional 87 shares during the last quarter. Horizon Investment Services LLC grew its position in shares of Vertiv by 4.1% in the fourth quarter. Horizon Investment Services LLC now owns 2,410 shares of the company’s stock valued at $274,000 after purchasing an additional 95 shares in the last quarter. Finally, Tradewinds Capital Management LLC increased its holdings in shares of Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after purchasing an additional 111 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Wall Street Analysts Forecast Growth

VRT has been the topic of a number of recent research reports. Melius Research reissued a “hold” rating and set a $125.00 price objective on shares of Vertiv in a research note on Tuesday, January 28th. Melius cut shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research report on Tuesday, January 28th. Evercore ISI cut their price objective on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Royal Bank of Canada started 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. Finally, Morgan Stanley began coverage on shares of Vertiv in a report on Monday, January 6th. They set an “overweight” rating and a $150.00 price target for the company. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $134.67.

Vertiv Trading Down 11.9 %

Shares of NYSE VRT opened at $59.42 on Monday. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $22.63 billion, a PE ratio of 46.43, a PEG ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a twelve month low of $51.42 and a twelve month high of $155.84. The stock has a fifty day simple moving average of $95.23 and a 200-day simple moving average of $111.10.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate 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 prior year, the company posted $0.56 earnings per share. On average, equities analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

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