Short Interest in Vertiv Holdings Co (NYSE:VRT) Rises By 42.9%

by · The Cerbat Gem

Vertiv Holdings Co (NYSE:VRT – Get Free Report) saw a large increase in short interest in March. As of March 31st, there was short interest totalling 14,390,000 shares, an increase of 42.9% from the March 15th total of 10,070,000 shares. Based on an average trading volume of 11,470,000 shares, the days-to-cover ratio is currently 1.3 days. Currently, 4.0% of the company’s stock are short sold.

Institutional Trading of Vertiv

Several institutional investors and hedge funds have recently made changes to their positions in the business. SOA Wealth Advisors LLC. acquired a new stake in Vertiv during the 4th quarter worth approximately $26,000. OLD Second National Bank of Aurora acquired a new stake in shares of Vertiv in the 4th quarter valued at approximately $30,000. North Star Investment Management Corp. grew its position in shares of Vertiv by 4,120.0% in the 1st quarter. North Star Investment Management Corp. now owns 422 shares of the company’s stock valued at $30,000 after acquiring an additional 412 shares during the period. Tradewinds Capital Management LLC grew its holdings in Vertiv by 61.3% during the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after purchasing an additional 111 shares during the period. Finally, FNY Investment Advisers LLC acquired a new position in shares of Vertiv during the 4th quarter worth approximately $34,000. Institutional investors own 89.92% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on VRT shares. Citigroup decreased their price target on shares of Vertiv from $153.00 to $98.00 and set a “buy” rating for the company in a report on Monday. Melius Research reiterated a “hold” rating and set a $125.00 price objective on shares of Vertiv in a report on Tuesday, January 28th. Royal Bank of Canada assumed coverage on Vertiv in a research note on Friday, March 7th. They issued an “outperform” rating and a $121.00 target price on the stock. Roth Capital upgraded Vertiv to a “strong-buy” rating in a report on Monday, April 7th. Finally, Roth Mkm assumed coverage on Vertiv in a report on Tuesday, April 8th. They issued a “buy” rating and a $75.00 price objective on the stock. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $121.94.

Check Out Our Latest Research Report on VRT

Vertiv Price Performance

Shares of NYSE:VRT traded up $1.59 during midday trading on Friday, reaching $73.24. 9,294,650 shares of the company’s stock were exchanged, compared to its average volume of 9,064,547. Vertiv has a 12 month low of $53.60 and a 12 month high of $155.84. 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’s 50 day simple moving average is $85.23 and its two-hundred day simple moving average is $108.68. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65.

Vertiv (NYSE:VRT – Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share 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 period last year, the firm earned $0.56 earnings per share. Equities research analysts expect that Vertiv will post 3.59 earnings per share 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 paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date was Tuesday, March 18th. Vertiv’s dividend payout ratio (DPR) is 11.72%.

About Vertiv

(Get Free Report)

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.

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