Andar Capital Management HK Ltd Takes Position in Vertiv Holdings Co (NYSE:VRT)

Andar Capital Management HK Ltd purchased a new stake in Vertiv Holdings Co (NYSE:VRT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 10,400 shares of the company’s stock, valued at approximately $1,182,000. Vertiv comprises 1.5% of Andar Capital Management HK Ltd’s portfolio, making the stock its 16th biggest position.

A number of other large investors have also bought and sold shares of VRT. CIBC Asset Management Inc increased its stake in Vertiv by 5.4% during the 3rd quarter. CIBC Asset Management Inc now owns 13,461 shares of the company’s stock worth $1,339,000 after purchasing an additional 691 shares in the last quarter. Empowered Funds LLC boosted its position in Vertiv by 6.5% during the 3rd quarter. Empowered Funds LLC now owns 5,498 shares of the company’s stock worth $547,000 after acquiring an additional 335 shares during the last quarter. Natixis Advisors LLC boosted its position in Vertiv by 59.2% during the 3rd quarter. Natixis Advisors LLC now owns 128,451 shares of the company’s stock worth $12,779,000 after acquiring an additional 47,748 shares during the last quarter. Claro Advisors LLC boosted its position in Vertiv by 74.3% during the 3rd quarter. Claro Advisors LLC now owns 5,155 shares of the company’s stock worth $513,000 after acquiring an additional 2,197 shares during the last quarter. Finally, GLOBALT Investments LLC GA boosted its position in Vertiv by 3.0% during the 3rd quarter. GLOBALT Investments LLC GA now owns 6,341 shares of the company’s stock worth $631,000 after acquiring an additional 184 shares during the last quarter. 89.92% of the stock is owned by institutional investors.

Vertiv Trading Down 5.0 %

Shares of Vertiv stock opened at $84.65 on Wednesday. The business has a fifty day simple moving average of $109.87 and a two-hundred day simple moving average of $111.18. Vertiv Holdings Co has a 1 year low of $62.40 and a 1 year high of $155.84. The company has a market capitalization of $32.23 billion, a price-to-earnings ratio of 66.13, a P/E/G ratio of 1.07 and a beta of 1.71. 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 (NYSE:VRT) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate 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 posted $0.56 earnings per share. Research analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The company also recently disclosed 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. This represents a $0.15 annualized dividend and a yield of 0.18%. The ex-dividend date of this dividend is Tuesday, March 18th. Vertiv’s payout ratio is 11.72%.

Wall Street Analysts Forecast Growth

VRT has been the subject of a number of recent research reports. Barclays reduced their price target on Vertiv from $131.00 to $111.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Evercore ISI reduced their price target on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Citigroup upped 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 price objective for the company. in a report on Tuesday, January 28th. Finally, Royal Bank of Canada assumed coverage on Vertiv in a report on Friday, March 7th. They issued an “outperform” rating and a $121.00 price objective for the company. Four investment 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.com, Vertiv has a consensus rating of “Moderate Buy” and an average 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.