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

Phoenix Financial Ltd. reduced its stake in Vertiv Holdings Co (NYSE:VRT) by 9.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 hedge funds and other institutional investors have also recently bought and sold shares of the stock. SOA Wealth Advisors LLC. purchased a new stake in shares of Vertiv in the 4th quarter valued at approximately $26,000. OLD Second National Bank of Aurora purchased a new position in Vertiv in the fourth quarter valued at $30,000. Tradewinds Capital Management LLC raised its stake in 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 buying an additional 111 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Vertiv during the 4th quarter worth about $34,000. Finally, Pittenger & Anderson Inc. boosted its position in shares of Vertiv by 92.0% during the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company’s stock worth $36,000 after acquiring an additional 150 shares in the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Vertiv Price Performance

Vertiv stock opened at $69.39 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The business has a 50 day simple moving average of $89.17 and a 200-day simple moving average of $109.50. Vertiv Holdings Co has a 12 month low of $53.60 and a 12 month high of $155.84. The stock has a market capitalization of $26.42 billion, a PE ratio of 54.21, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the company posted $0.56 earnings per share. Equities analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date was Tuesday, March 18th. Vertiv’s dividend payout ratio is presently 11.72%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Fox Advisors began coverage on Vertiv in a research report on Monday, January 6th. They set an “equal weight” rating on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Vertiv from $132.00 to $100.00 and set an “overweight” rating for the company in a research report on Tuesday. The Goldman Sachs Group lowered their target price on shares of Vertiv from $135.00 to $85.00 and set a “buy” rating for the company in a report on Thursday. Royal Bank of Canada started coverage on shares of Vertiv in a research report on Friday, March 7th. They issued an “outperform” rating and a $121.00 price target for the company. Finally, Morgan Stanley began coverage on Vertiv in a report on Monday, January 6th. They set an “overweight” rating and a $150.00 price objective on the stock. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $125.50.

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.