World Investment Advisors Cuts Stake in Vertiv Holdings Co (NYSE:VRT)

World Investment Advisors lessened its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 79.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,497 shares of the company’s stock after selling 9,863 shares during the period. World Investment Advisors’ holdings in Vertiv were worth $284,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. SOA Wealth Advisors LLC. purchased a new position in shares of Vertiv in the fourth quarter valued at approximately $26,000. OLD Second National Bank of Aurora purchased a new position in Vertiv in the 4th quarter valued at $30,000. Tradewinds Capital Management LLC lifted its holdings in Vertiv by 61.3% in the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after purchasing an additional 111 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Vertiv during the 4th quarter worth $34,000. Finally, Pittenger & Anderson Inc. grew its holdings in shares of Vertiv by 92.0% during the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company’s stock worth $36,000 after buying an additional 150 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. 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 target on the stock. Barclays dropped their price target on Vertiv from $100.00 to $90.00 and set an “equal weight” rating for the company in a research report on Friday, April 4th. Melius downgraded Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective on the stock. in a research report on Tuesday, January 28th. Evercore ISI dropped their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Finally, JPMorgan Chase & Co. cut their target price on Vertiv from $132.00 to $100.00 and set an “overweight” rating for the company in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $128.94.

Vertiv Stock Down 1.4 %

NYSE:VRT opened at $62.95 on Wednesday. Vertiv Holdings Co has a 52 week low of $53.60 and a 52 week high of $155.84. The stock’s fifty day moving average is $92.64 and its two-hundred day moving average is $110.35. The stock has a market capitalization of $23.97 billion, a price-to-earnings ratio of 49.18, a price-to-earnings-growth 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 earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the business posted $0.56 earnings per share. Research analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.0375 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a yield of 0.24%. Vertiv’s dividend payout ratio (DPR) is presently 11.72%.

Vertiv 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.