Vertiv Holdings Co (NYSE:VRT) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC decreased its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 19.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,486 shares of the company’s stock after selling 24,965 shares during the quarter. Natixis Advisors LLC’s holdings in Vertiv were worth $11,757,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. SOA Wealth Advisors LLC. acquired a new position in shares of Vertiv during the fourth quarter worth about $26,000. Mark Sheptoff Financial Planning LLC raised its holdings in shares of Vertiv by 200.0% during the 3rd 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 period. Brooklyn Investment Group acquired a new position in Vertiv during the 3rd quarter worth approximately $30,000. OLD Second National Bank of Aurora purchased a new position in Vertiv in the 4th quarter worth approximately $30,000. Finally, Tradewinds Capital Management LLC grew its position 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 acquiring an additional 111 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Price Performance

VRT opened at $89.25 on Thursday. 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 company’s 50-day moving average price is $109.07 and its 200 day moving average price is $111.02. Vertiv Holdings Co has a fifty-two week low of $62.40 and a fifty-two week high of $155.84. The firm has a market cap of $33.99 billion, a price-to-earnings ratio of 69.73, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share (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 last year, the company posted $0.56 earnings per share. As a group, sell-side analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 18th will be issued a $0.0375 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.17%. Vertiv’s dividend payout ratio (DPR) is presently 11.72%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on VRT shares. Evercore ISI decreased their target price on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Melius downgraded Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a research note on Tuesday, January 28th. Royal Bank of Canada initiated coverage on Vertiv in a research note on Friday, March 7th. They issued an “outperform” rating and a $121.00 price target on the stock. Melius Research restated a “hold” rating and set a $125.00 price objective on shares of Vertiv in a research note on Tuesday, January 28th. Finally, Morgan Stanley started coverage on Vertiv in a research note on Monday, January 6th. They set an “overweight” rating and a $150.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $136.07.

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.