Vertiv Holdings Co (NYSE:VRT) Shares Sold by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC trimmed its stake in Vertiv Holdings Co (NYSE:VRT) by 15.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 4,400 shares of the company’s stock after selling 817 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Vertiv were worth $500,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in VRT. Thematics Asset Management raised its stake in Vertiv by 4.9% in the 4th quarter. Thematics Asset Management now owns 149,000 shares of the company’s stock valued at $16,928,000 after purchasing an additional 7,000 shares during the last quarter. Seaview Investment Managers LLC acquired a new position in shares of Vertiv in the fourth quarter valued at approximately $320,000. Mirova purchased a new position in shares of Vertiv during the fourth quarter valued at approximately $333,000. MML Investors Services LLC boosted its position in Vertiv by 26.3% during the fourth quarter. MML Investors Services LLC now owns 38,803 shares of the company’s stock worth $4,408,000 after acquiring an additional 8,087 shares during the last quarter. Finally, NWK Group Inc. purchased a new stake in Vertiv in the 4th quarter worth approximately $4,426,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on VRT shares. KGI Securities began coverage on Vertiv in a research report on Thursday, April 24th. They issued a “hold” rating for the company. Melius Research reaffirmed a “hold” rating and set a $125.00 price objective on shares of Vertiv in a research note on Tuesday, January 28th. Fox Advisors initiated coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an “equal weight” rating on the stock. Royal Bank of Canada assumed coverage on shares of Vertiv in a research report on Friday, March 7th. They set an “outperform” rating and a $121.00 price target for the company. Finally, The Goldman Sachs Group decreased their price target on shares of Vertiv from $135.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $120.38.

Vertiv Stock Performance

VRT opened at $86.15 on Wednesday. The firm’s 50 day moving average is $80.26 and its 200-day moving average is $107.24. Vertiv Holdings Co has a 52-week low of $53.60 and a 52-week high of $155.84. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $32.80 billion, a P/E ratio of 67.30, a P/E/G ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.02. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The firm’s quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 EPS. Analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors 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 0.17%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv’s dividend payout ratio is currently 8.72%.

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.