EntryPoint Capital LLC Has $446,000 Stake in Vertiv Holdings Co (NYSE:VRT)

EntryPoint Capital LLC raised its holdings in Vertiv Holdings Co (NYSE:VRT) by 7.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,924 shares of the company’s stock after purchasing an additional 259 shares during the quarter. EntryPoint Capital LLC’s holdings in Vertiv were worth $446,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. PNC Financial Services Group Inc. lifted its position in Vertiv by 10.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 28,066 shares of the company’s stock worth $2,792,000 after buying an additional 2,604 shares in the last quarter. Raymond James Trust N.A. raised its stake in shares of Vertiv by 123.1% in the third quarter. Raymond James Trust N.A. now owns 5,833 shares of the company’s stock worth $580,000 after acquiring an additional 3,218 shares during the last quarter. Cerity Partners LLC lifted its position in shares of Vertiv by 25.5% during the third quarter. Cerity Partners LLC now owns 44,729 shares of the company’s stock worth $4,450,000 after purchasing an additional 9,086 shares in the last quarter. Algert Global LLC bought a new stake in shares of Vertiv during the third quarter valued at approximately $518,000. Finally, Larson Financial Group LLC increased its holdings in shares of Vertiv by 232.9% in the third quarter. Larson Financial Group LLC now owns 839 shares of the company’s stock valued at $83,000 after purchasing an additional 587 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Trading Down 2.3 %

NYSE:VRT opened at $91.55 on Wednesday. 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 business’s 50-day simple moving average is $106.11 and its 200-day simple moving average is $111.68. Vertiv Holdings Co has a fifty-two week low of $62.40 and a fifty-two week high of $155.84. The stock has a market capitalization of $34.86 billion, a PE ratio of 71.52, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates 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 period last year, the company earned $0.56 EPS. Sell-side analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th will be paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.16%. The ex-dividend date is Tuesday, March 18th. Vertiv’s dividend payout ratio is 11.72%.

Analysts Set New Price Targets

VRT has been the topic of a number of recent research reports. Evercore ISI decreased their price objective on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Fox Advisors assumed coverage on Vertiv in a research report on Monday, January 6th. They issued an “equal weight” rating for the company. Melius downgraded shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a research report on Tuesday, January 28th. Citigroup lifted their price target 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. Finally, Royal Bank of Canada assumed coverage on shares of Vertiv in a report on Friday, March 7th. They issued an “outperform” rating and a $121.00 price objective on the stock. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Vertiv has an average rating of “Moderate Buy” and an average target price 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.