Liberty Wealth Management LLC Has $421,000 Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Liberty Wealth Management LLC decreased its position in shares of Vertiv Holdings Co (NYSE:VRT) by 8.5% during the 4th quarter, HoldingsChannel reports. The fund owned 3,708 shares of the company’s stock after selling 343 shares during the period. Liberty Wealth Management LLC’s holdings in Vertiv were worth $421,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. SOA Wealth Advisors LLC. bought a new stake in Vertiv in the 4th quarter valued at about $26,000. Mark Sheptoff Financial Planning LLC raised its holdings in Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after acquiring an additional 200 shares during the period. Brooklyn Investment Group bought a new position in shares of Vertiv in the third quarter worth $30,000. OLD Second National Bank of Aurora bought a new position in Vertiv in the fourth quarter valued at $30,000. Finally, Tradewinds Capital Management LLC boosted its position in Vertiv by 61.3% during the fourth 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 period. Institutional investors and hedge funds own 89.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on VRT shares. Barclays decreased their price target on shares of Vertiv from $131.00 to $111.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. Citigroup lifted their target price 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. Royal Bank of Canada assumed coverage on shares of Vertiv in a research report on Friday, March 7th. They set an “outperform” rating and a $121.00 price objective for the company. Fox Advisors assumed coverage on shares of Vertiv in a report on Monday, January 6th. They issued an “equal weight” rating for the company. Finally, Morgan Stanley initiated coverage on shares of Vertiv in a report on Monday, January 6th. They issued an “overweight” rating and a $150.00 target price for the company. 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 MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $136.07.

Vertiv Stock Performance

VRT opened at $83.06 on Wednesday. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. Vertiv Holdings Co has a twelve month low of $62.40 and a twelve month high of $155.84. The firm has a market capitalization of $31.63 billion, a PE ratio of 64.89, a PEG ratio of 1.07 and a beta of 1.71. The firm’s 50-day moving average price is $113.71 and its 200 day moving average price is $110.98.

Vertiv (NYSE:VRT) last released its quarterly 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 net margin of 6.19% and a return on equity of 61.41%. During the same period in the prior year, the business posted $0.56 earnings per share. As a group, sell-side analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be paid 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 dividend yield of 0.18%. Vertiv’s dividend payout ratio is currently 11.72%.

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.