Fox Hill Wealth Management Has $836,000 Stock Position in Vertiv Holdings Co (NYSE:VRT)

Fox Hill Wealth Management lowered its position in shares of Vertiv Holdings Co (NYSE:VRT) by 6.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,358 shares of the company’s stock after selling 501 shares during the quarter. Fox Hill Wealth Management’s holdings in Vertiv were worth $836,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Xponance Inc. raised its stake in Vertiv by 10.1% in the fourth quarter. Xponance Inc. now owns 68,683 shares of the company’s stock valued at $7,803,000 after purchasing an additional 6,322 shares in the last quarter. Generali Asset Management SPA SGR acquired a new position in Vertiv in the fourth quarter valued at about $100,000. Horizon Investments LLC raised its stake in Vertiv by 21.9% in the fourth quarter. Horizon Investments LLC now owns 1,787 shares of the company’s stock valued at $203,000 after purchasing an additional 321 shares in the last quarter. Petra Financial Advisors Inc. raised its stake in Vertiv by 2.2% in the fourth quarter. Petra Financial Advisors Inc. now owns 5,479 shares of the company’s stock valued at $623,000 after purchasing an additional 119 shares in the last quarter. Finally, Axxcess Wealth Management LLC raised its stake in Vertiv by 7.9% in the fourth quarter. Axxcess Wealth Management LLC now owns 7,964 shares of the company’s stock valued at $905,000 after purchasing an additional 580 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Wall Street Analyst Weigh In

VRT has been the subject of a number of analyst reports. Oppenheimer boosted their price target on Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Citigroup lifted their target price on Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 9th. TD Cowen lifted their target price on Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Evercore ISI decreased their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Finally, Melius Research reiterated a “hold” rating and issued a $125.00 target price on shares of Vertiv in a research report on Tuesday, January 28th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Vertiv has an average rating of “Moderate Buy” and a consensus target price of $136.07.

Vertiv Stock Performance

NYSE:VRT opened at $84.65 on Wednesday. The stock has a market cap of $32.23 billion, a P/E ratio of 66.13, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The stock’s 50-day moving average is $109.87 and its 200-day moving average is $111.18. Vertiv Holdings Co has a 1-year low of $62.40 and a 1-year high of $155.84.

Vertiv (NYSE:VRT) last announced its 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 return on equity of 61.41% and a net margin of 6.19%. During the same period in the previous year, the firm earned $0.56 EPS. Equities research analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

The business 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 $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.18%. The ex-dividend date is Tuesday, March 18th. Vertiv’s payout ratio is presently 11.72%.

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.