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

Emerald Advisers LLC lessened its stake in Vertiv Holdings Co (NYSE:VRT) by 43.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,387 shares of the company’s stock after selling 4,184 shares during the period. Emerald Advisers LLC’s holdings in Vertiv were worth $612,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in VRT. SOA Wealth Advisors LLC. bought a new stake in shares of Vertiv in the 4th quarter worth about $26,000. Mark Sheptoff Financial Planning LLC increased its holdings in Vertiv by 200.0% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after buying an additional 200 shares during the last quarter. Brooklyn Investment Group acquired a new stake in Vertiv during the third quarter valued at approximately $30,000. OLD Second National Bank of Aurora bought a new position in Vertiv during the 4th quarter worth approximately $30,000. Finally, Tradewinds Capital Management LLC grew its position in shares of Vertiv by 61.3% in the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after acquiring an additional 111 shares in the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VRT has been the topic of several research reports. Barclays dropped their price target on Vertiv from $131.00 to $111.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. Evercore ISI reduced their price target on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Morgan Stanley assumed coverage on shares of Vertiv in a research report on Monday, January 6th. They set an “overweight” rating and a $150.00 price objective for the company. 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, Citigroup upped their target price on Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $136.07.

Vertiv Stock Performance

VRT stock opened at $88.58 on Monday. The company has a 50-day simple moving average of $107.46 and a 200 day simple moving average of $111.41. The company has a market capitalization of $33.73 billion, a P/E ratio of 69.20, a PEG 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 Holdings Co has a fifty-two week low of $62.40 and a fifty-two week high of $155.84.

Vertiv (NYSE:VRT) last posted its quarterly earnings data 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 net margin of 6.19% and a return on equity of 61.41%. During the same period in the previous year, the firm earned $0.56 earnings per share. Sell-side analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.17%. The ex-dividend date is Tuesday, March 18th. Vertiv’s dividend payout ratio is presently 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.