Vertiv Holdings Co (NYSE:VRT) Shares Sold by Rakuten Securities Inc.

Rakuten Securities Inc. lowered its holdings in Vertiv Holdings Co (NYSE:VRT) by 75.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 4,757 shares of the company’s stock after selling 14,352 shares during the quarter. Rakuten Securities Inc.’s holdings in Vertiv were worth $540,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Avantax Advisory Services Inc. raised its stake in shares of Vertiv by 8.4% during the 4th quarter. Avantax Advisory Services Inc. now owns 23,661 shares of the company’s stock worth $2,688,000 after buying an additional 1,838 shares during the last quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new stake in Vertiv during the 4th quarter worth about $696,000. Sequoia Financial Advisors LLC increased its position in Vertiv by 25.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 7,762 shares of the company’s stock worth $882,000 after purchasing an additional 1,599 shares in the last quarter. Moors & Cabot Inc. increased its position in Vertiv by 8.5% during the 4th quarter. Moors & Cabot Inc. now owns 6,762 shares of the company’s stock worth $768,000 after purchasing an additional 527 shares in the last quarter. Finally, AGF Management Ltd. increased its position in Vertiv by 26.7% during the 4th quarter. AGF Management Ltd. now owns 338,004 shares of the company’s stock worth $38,401,000 after purchasing an additional 71,132 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on VRT shares. Royal Bank of Canada started coverage on Vertiv in a research report on Friday, March 7th. They set an “outperform” rating and a $121.00 price objective for the company. Mizuho lifted their price objective on Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Barclays lowered their price target on Vertiv from $131.00 to $111.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Fox Advisors began coverage on Vertiv in a report on Monday, January 6th. They issued an “equal weight” rating for the company. Finally, Melius Research restated a “hold” rating and issued a $125.00 price target on shares of Vertiv in a report on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $136.07.

Vertiv Stock Performance

NYSE VRT opened at $83.06 on Wednesday. The firm has a market capitalization of $31.63 billion, a P/E ratio of 64.89, a P/E/G ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a 1-year low of $62.40 and a 1-year high of $155.84. 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’s 50-day simple moving average is $113.71 and its 200-day simple moving average is $110.98.

Vertiv (NYSE:VRT) last released its quarterly 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 last year, the firm posted $0.56 EPS. Equities analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th will be given a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date of this dividend is Tuesday, March 18th. Vertiv’s payout ratio is 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.