Mindset Wealth Management LLC Purchases New Stake in Vertiv Holdings Co (NYSE:VRT)

Mindset Wealth Management LLC acquired a new position in shares of Vertiv Holdings Co (NYSE:VRT) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,909 shares of the company’s stock, valued at approximately $217,000.

Several other hedge funds and other institutional investors also recently modified their holdings of VRT. Jennison Associates LLC increased its holdings in Vertiv by 68.6% in the fourth quarter. Jennison Associates LLC now owns 7,754,347 shares of the company’s stock valued at $880,971,000 after buying an additional 3,153,932 shares during the last quarter. State Street Corp increased its holdings in shares of Vertiv by 4.2% in the 3rd quarter. State Street Corp now owns 7,635,081 shares of the company’s stock valued at $759,614,000 after acquiring an additional 308,704 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Vertiv by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 5,951,784 shares of the company’s stock valued at $592,433,000 after acquiring an additional 408,054 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Vertiv by 271.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock valued at $389,548,000 after acquiring an additional 2,860,181 shares in the last quarter. Finally, Westfield Capital Management Co. LP lifted its stake in Vertiv by 1.1% during the third quarter. Westfield Capital Management Co. LP now owns 3,611,566 shares of the company’s stock worth $359,315,000 after purchasing an additional 40,696 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

Vertiv Trading Down 0.1 %

Shares of NYSE:VRT opened at $89.07 on Friday. Vertiv Holdings Co has a twelve month low of $62.40 and a twelve month high of $155.84. 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 firm has a market cap of $33.92 billion, a P/E ratio of 69.59, a P/E/G ratio of 1.07 and a beta of 1.71. The company has a 50 day moving average of $108.26 and a 200-day moving average of $110.87.

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

Vertiv Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.17%. Vertiv’s payout ratio is currently 11.72%.

Analyst Ratings Changes

VRT has been the topic of a number of research reports. Evercore ISI dropped their target price on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Citigroup increased their price objective on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Morgan Stanley began coverage on shares of Vertiv in a report on Monday, January 6th. They issued an “overweight” rating and a $150.00 target price on the stock. Melius lowered Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a report on Tuesday, January 28th. Finally, Barclays cut their price target on Vertiv from $131.00 to $111.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.