Arete Wealth Advisors LLC Sells 571 Shares of Vertiv Holdings Co (NYSE:VRT)

Arete Wealth Advisors LLC trimmed its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 9.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,392 shares of the company’s stock after selling 571 shares during the period. Arete Wealth Advisors LLC’s holdings in Vertiv were worth $614,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of VRT. SOA Wealth Advisors LLC. purchased a new position in Vertiv during the fourth quarter valued at approximately $26,000. OLD Second National Bank of Aurora bought a new stake in Vertiv during the 4th quarter valued at $30,000. Tradewinds Capital Management LLC raised its position in shares of Vertiv by 61.3% in the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after acquiring an additional 111 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Vertiv during the 4th quarter worth $34,000. Finally, Pittenger & Anderson Inc. boosted its position in Vertiv by 92.0% during the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company’s stock valued at $36,000 after purchasing an additional 150 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.

Vertiv Stock Down 11.9 %

VRT stock opened at $59.42 on Friday. The company has a market capitalization of $22.63 billion, a P/E ratio of 46.43, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a 12 month low of $55.32 and a 12 month high of $155.84. The firm’s fifty day simple moving average is $95.23 and its 200-day simple moving average is $110.78. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating the consensus estimate 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 period last year, the business earned $0.56 EPS. As a group, equities research analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.25%. The ex-dividend date was Tuesday, March 18th. Vertiv’s dividend payout ratio is currently 11.72%.

Analyst Upgrades and Downgrades

Several analysts have commented on VRT shares. Morgan Stanley began coverage on shares of Vertiv in a research report on Monday, January 6th. They set an “overweight” rating and a $150.00 price target for the company. Melius cut shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a research report on Tuesday, January 28th. Evercore ISI cut their price target on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Barclays decreased their price objective on Vertiv from $100.00 to $90.00 and set an “equal weight” rating for the company in a report on Friday. Finally, Fox Advisors began coverage on Vertiv in a research note on Monday, January 6th. They set an “equal weight” rating on the stock. Four 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, Vertiv currently has a consensus rating of “Moderate Buy” and an average target price of $134.67.

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.