Gallacher Capital Management LLC Purchases New Position in Vertiv Holdings Co (NYSE:VRT)

Gallacher Capital Management LLC acquired a new position in shares of Vertiv Holdings Co (NYSE:VRT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,000 shares of the company’s stock, valued at approximately $227,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Corient Private Wealth LLC raised its position in Vertiv by 94.7% in the 4th quarter. Corient Private Wealth LLC now owns 28,872 shares of the company’s stock valued at $3,280,000 after buying an additional 14,042 shares during the last quarter. Gitterman Wealth Management LLC bought a new stake in shares of Vertiv in the 4th quarter worth $208,000. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Vertiv by 10.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 87,828 shares of the company’s stock valued at $9,978,000 after purchasing an additional 8,197 shares during the last quarter. Left Brain Wealth Management LLC purchased a new position in Vertiv during the fourth quarter worth about $227,000. Finally, Wellington Shields Capital Management LLC bought a new stake in Vertiv in the 4th quarter worth about $5,186,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Trading Up 5.3 %

NYSE:VRT opened at $87.54 on Monday. Vertiv Holdings Co has a 1 year low of $62.40 and a 1 year high of $155.84. The stock’s fifty day moving average price is $111.69 and its two-hundred day moving average price is $111.10. 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 company has a market cap of $33.33 billion, a P/E ratio of 68.39, a P/E/G ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, topping 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 quarter in the previous year, the business posted $0.56 EPS. As a group, analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 18th will be issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.17%. The ex-dividend date is Tuesday, March 18th. Vertiv’s dividend payout ratio (DPR) is presently 11.72%.

Analyst Ratings Changes

Several research firms have commented on VRT. Citigroup lifted their target price on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Fox Advisors started coverage on Vertiv in a research report on Monday, January 6th. They issued an “equal weight” rating on the stock. Oppenheimer lifted their target price on Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Evercore ISI reduced their price target on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Finally, The Goldman Sachs Group lifted their price objective on shares of Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $136.07.

About Vertiv

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.