Wellington Shields Capital Management LLC Purchases Shares of 45,644 Vertiv Holdings Co (NYSE:VRT)

Wellington Shields Capital Management LLC purchased a new position in Vertiv Holdings Co (NYSE:VRT) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 45,644 shares of the company’s stock, valued at approximately $5,186,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in Vertiv by 430.5% during the third quarter. Principal Financial Group Inc. now owns 165,557 shares of the company’s stock valued at $16,471,000 after buying an additional 134,349 shares during the last quarter. Atria Investments Inc grew its holdings in shares of Vertiv by 45.6% in the third quarter. Atria Investments Inc now owns 16,690 shares of the company’s stock valued at $1,660,000 after purchasing an additional 5,225 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in Vertiv by 5.6% in the third quarter. Crossmark Global Holdings Inc. now owns 2,950 shares of the company’s stock worth $293,000 after purchasing an additional 156 shares during the last quarter. Apollon Wealth Management LLC raised its stake in Vertiv by 71.8% during the third quarter. Apollon Wealth Management LLC now owns 9,894 shares of the company’s stock valued at $984,000 after purchasing an additional 4,135 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in Vertiv by 13.6% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 849,809 shares of the company’s stock valued at $84,547,000 after purchasing an additional 102,042 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on VRT shares. Melius Research restated a “hold” rating and issued a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. Mizuho boosted their price objective on Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Oppenheimer raised their price objective on Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Morgan Stanley started coverage on Vertiv in a research report on Monday, January 6th. They set an “overweight” rating and a $150.00 target price on the stock. Finally, Barclays lowered their price target on Vertiv from $131.00 to $111.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Vertiv has an average rating of “Moderate Buy” and a consensus target price of $136.07.

Vertiv Trading Down 2.3 %

NYSE VRT opened at $83.46 on Friday. Vertiv Holdings Co has a one year low of $62.40 and a one year high of $155.84. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The company has a market capitalization of $31.78 billion, a price-to-earnings ratio of 65.20, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The company’s 50-day simple moving average is $112.45 and its two-hundred day simple moving average is $110.61.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates 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 in the prior year, the business earned $0.56 earnings per share. Equities analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

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