Vertiv Holdings Co (NYSE:VRT) Shares Sold by Phoenix Financial Ltd.

Phoenix Financial Ltd. trimmed its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 9.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,293 shares of the company’s stock after selling 447 shares during the period. Phoenix Financial Ltd.’s holdings in Vertiv were worth $488,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Silverleafe Capital Partners LLC acquired a new position in shares of Vertiv during the 4th quarter worth $4,219,000. Foundations Investment Advisors LLC lifted its holdings in shares of Vertiv by 7.9% in the fourth quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock valued at $21,076,000 after purchasing an additional 13,559 shares in the last quarter. Empowered Funds LLC grew its position in shares of Vertiv by 67.0% in the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock valued at $1,043,000 after purchasing an additional 3,682 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Vertiv by 3,417.9% during the 4th quarter. Nordea Investment Management AB now owns 964,104 shares of the company’s stock worth $110,544,000 after purchasing an additional 936,698 shares in the last quarter. Finally, Register Financial Advisors LLC acquired a new position in shares of Vertiv during the 4th quarter worth approximately $217,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Price Performance

VRT opened at $69.39 on Friday. Vertiv Holdings Co has a 52-week low of $53.60 and a 52-week high of $155.84. The company has a 50 day moving average of $89.17 and a two-hundred day moving average of $109.50. The company has a market cap of $26.42 billion, a P/E ratio of 54.21, a P/E/G ratio of 1.07 and a beta of 1.71. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) 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, analysts expect that Vertiv Holdings Co will post 3.59 earnings per share 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. This represents a $0.15 annualized dividend and a yield of 0.22%. The ex-dividend date was Tuesday, March 18th. Vertiv’s dividend payout ratio (DPR) is presently 11.72%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on VRT shares. JPMorgan Chase & Co. reduced their price objective on Vertiv from $132.00 to $100.00 and set an “overweight” rating on the stock in a research report on Tuesday. The Goldman Sachs Group decreased their target price on shares of Vertiv from $135.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday. Roth Capital upgraded Vertiv to a “strong-buy” rating in a report on Monday, April 7th. Evercore ISI dropped their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Finally, Melius Research reissued a “hold” rating and issued a $125.00 price target on shares of Vertiv in a research note on Tuesday, January 28th. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $125.50.

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.