Left Brain Wealth Management LLC Takes Position in Vertiv Holdings Co (NYSE:VRT)

Left Brain Wealth Management LLC purchased a new stake in shares of Vertiv Holdings Co (NYSE:VRT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,000 shares of the company’s stock, valued at approximately $227,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. SOA Wealth Advisors LLC. bought a new position in shares of Vertiv during the 4th quarter valued at $26,000. Mark Sheptoff Financial Planning LLC grew its stake in Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after buying an additional 200 shares during the last quarter. Brooklyn Investment Group acquired a new position in Vertiv in the 3rd quarter valued at $30,000. OLD Second National Bank of Aurora acquired a new position in Vertiv in the 4th quarter valued at $30,000. Finally, Tradewinds Capital Management LLC grew its stake in Vertiv by 61.3% in the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after buying an additional 111 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

Vertiv Price Performance

Shares of Vertiv stock opened at $83.46 on Friday. 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 firm’s 50-day simple moving average is $112.45 and its 200-day simple moving average is $110.61. Vertiv Holdings Co has a twelve month low of $62.40 and a twelve month high of $155.84. The firm has a market cap of $31.78 billion, a P/E ratio of 65.20, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71.

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

Vertiv Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.0375 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.18%. Vertiv’s dividend payout ratio (DPR) is currently 11.72%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VRT. Royal Bank of Canada began coverage on shares of Vertiv in a research note on Friday, March 7th. They issued an “outperform” rating and a $121.00 target price on the stock. Citigroup raised their target price on shares of Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Barclays lowered their target price on shares of Vertiv from $131.00 to $111.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. Morgan Stanley began coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 target price on the stock. Finally, JPMorgan Chase & Co. raised their target price on shares of Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research note on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, 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.