Vertiv Holdings Co (NYSE:VRT) Stake Lowered by Broadleaf Partners LLC

Broadleaf Partners LLC trimmed its position in shares of Vertiv Holdings Co (NYSE:VRT) by 1.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 72,323 shares of the company’s stock after selling 911 shares during the quarter. Vertiv comprises about 1.9% of Broadleaf Partners LLC’s holdings, making the stock its 20th biggest position. Broadleaf Partners LLC’s holdings in Vertiv were worth $8,217,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of VRT. Silverleafe Capital Partners LLC bought a new stake in shares of Vertiv in the 4th quarter valued at approximately $4,219,000. Foundations Investment Advisors LLC increased its stake in shares of Vertiv by 7.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock worth $21,076,000 after purchasing an additional 13,559 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Vertiv by 67.0% during the 4th quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock valued at $1,043,000 after purchasing an additional 3,682 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of Vertiv by 3,417.9% in the 4th quarter. Nordea Investment Management AB now owns 964,104 shares of the company’s stock valued at $110,544,000 after purchasing an additional 936,698 shares during the last quarter. Finally, Register Financial Advisors LLC bought a new stake in Vertiv in the fourth quarter worth $217,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Analysts Set New Price Targets

VRT has been the subject of a number of analyst reports. Fox Advisors initiated coverage on Vertiv in a research report on Monday, January 6th. They issued an “equal weight” rating for the company. Morgan Stanley began coverage on Vertiv in a research report on Monday, January 6th. They set an “overweight” rating and a $150.00 target price for the company. Barclays dropped their price target on shares of Vertiv from $100.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Friday, April 4th. Roth Capital upgraded shares of Vertiv to a “strong-buy” rating in a research note on Monday, April 7th. Finally, Citigroup cut their target price on shares of Vertiv from $153.00 to $98.00 and set a “buy” rating for the company in a research report on Monday. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $121.94.

Vertiv Stock Performance

NYSE:VRT opened at $73.24 on Friday. The firm has a market capitalization of $27.89 billion, a PE ratio of 57.22, 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 Holdings Co has a 12-month low of $53.60 and a 12-month high of $155.84. The firm has a 50-day moving average price of $85.23 and a 200 day moving average price of $108.68.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping the consensus estimate 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 prior year, the firm posted $0.56 earnings per share. Research analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were paid a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.20%. 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.