Generali Asset Management SPA SGR Buys Shares of 881 Vertiv Holdings Co (NYSE:VRT)

Generali Asset Management SPA SGR bought a new stake in Vertiv Holdings Co (NYSE:VRT) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 881 shares of the company’s stock, valued at approximately $100,000.

Several other hedge funds have also recently made changes to their positions in VRT. Empowered Funds LLC grew its position in shares of Vertiv by 6.5% in the third quarter. Empowered Funds LLC now owns 5,498 shares of the company’s stock valued at $547,000 after purchasing an additional 335 shares in the last quarter. Caprock Group LLC purchased a new position in shares of Vertiv in the third quarter valued at $409,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Vertiv in the third quarter valued at $869,000. PNC Financial Services Group Inc. grew its position in shares of Vertiv by 10.2% in the third quarter. PNC Financial Services Group Inc. now owns 28,066 shares of the company’s stock valued at $2,792,000 after purchasing an additional 2,604 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its position in shares of Vertiv by 32.1% in the third quarter. First Horizon Advisors Inc. now owns 4,804 shares of the company’s stock valued at $478,000 after purchasing an additional 1,166 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. 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. Melius Research reiterated a “hold” rating and issued a $125.00 price target on shares of Vertiv in a research report on Tuesday, January 28th. Melius cut Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a research report on Tuesday, January 28th. Barclays reduced their target price 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. Finally, Royal Bank of Canada initiated coverage on Vertiv in a research report on Friday, March 7th. They set an “outperform” rating and a $121.00 target price for the company. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $136.07.

Vertiv Price Performance

Shares of Vertiv stock opened at $88.58 on Friday. 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 capitalization of $33.73 billion, a PE ratio of 69.20, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The business’s 50-day moving average price is $107.46 and its 200-day moving average price is $110.91. Vertiv Holdings Co has a 12 month low of $62.40 and a 12 month high of $155.84.

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 return on equity of 61.41% and a net margin of 6.19%. During the same quarter in the previous year, the firm posted $0.56 earnings per share. Sell-side analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The business 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 dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.17%. The ex-dividend date of this dividend is Tuesday, March 18th. Vertiv’s dividend payout ratio is presently 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.