Vertiv Holdings Co (NYSE:VRT) Shares Acquired by Signaturefd LLC

Signaturefd LLC lifted its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 7.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,068 shares of the company’s stock after acquiring an additional 501 shares during the period. Signaturefd LLC’s holdings in Vertiv were worth $803,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SOA Wealth Advisors LLC. acquired a new position in Vertiv during the fourth quarter worth approximately $26,000. OLD Second National Bank of Aurora acquired a new position in Vertiv during the fourth quarter worth approximately $30,000. Tradewinds Capital Management LLC increased its position 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 buying an additional 111 shares during the period. Mark Sheptoff Financial Planning LLC increased its position in Vertiv by 200.0% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after buying an additional 200 shares during the period. Finally, FNY Investment Advisers LLC acquired a new position in Vertiv during the fourth quarter worth approximately $34,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Stock Up 5.4 %

Vertiv stock opened at $89.25 on Thursday. 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 Holdings Co has a 1-year low of $62.40 and a 1-year high of $155.84. The company has a market cap of $33.99 billion, a PE ratio of 69.73, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The stock’s 50 day moving average price is $109.07 and its 200 day moving average price is $111.02.

Vertiv (NYSE:VRT) last posted its earnings results 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 return on equity of 61.41% and a net margin of 6.19%. During the same quarter in the prior year, the business earned $0.56 EPS. On average, sell-side analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

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

Analyst Upgrades and Downgrades

VRT has been the topic of several research analyst reports. Evercore ISI cut their price target on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Citigroup lifted their price target on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Melius downgraded Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a research note on Tuesday, January 28th. Morgan Stanley began coverage on Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 target price on the stock. Finally, Royal Bank of Canada began 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. 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 MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.07.

Vertiv Company 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.