RFG Bristol Wealth Advisors LLC Acquires New Position in Vertiv Holdings Co (NYSE:VRT)

RFG Bristol Wealth Advisors LLC bought a new position in shares of Vertiv Holdings Co (NYSE:VRT) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 9,633 shares of the company’s stock, valued at approximately $1,094,000.

Several other large investors have also recently modified their holdings of the business. SOA Wealth Advisors LLC. bought a new position in Vertiv in the 4th quarter worth approximately $26,000. OLD Second National Bank of Aurora bought a new position in shares of Vertiv in the fourth quarter worth $30,000. Tradewinds Capital Management LLC grew its position in shares of Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after purchasing an additional 111 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Vertiv during the 4th quarter valued at $34,000. Finally, Pittenger & Anderson Inc. lifted its holdings in Vertiv by 92.0% during the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company’s stock worth $36,000 after purchasing an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on VRT. Barclays reduced their target price on Vertiv from $111.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday, March 26th. Citigroup upped their target price on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Royal Bank of Canada initiated coverage on shares of Vertiv in a report on Friday, March 7th. They issued an “outperform” rating and a $121.00 price target for the company. Morgan Stanley began coverage on shares of Vertiv in a report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price target on the stock. Finally, Melius Research reiterated a “hold” rating and issued a $125.00 price objective on shares of Vertiv in a research report on Tuesday, January 28th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Vertiv has an average rating of “Moderate Buy” and an average target price of $135.33.

Vertiv Stock Performance

NYSE:VRT opened at $75.29 on Wednesday. The company has a market capitalization of $28.67 billion, a price-to-earnings ratio of 58.82, a PEG ratio of 1.07 and a beta of 1.71. The business has a 50 day moving average of $100.11 and a 200 day moving average of $111.51. 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 Holdings Co has a 1-year low of $62.40 and a 1-year high of $155.84.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping 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 business posted $0.56 earnings per share. On average, sell-side analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were issued a $0.0375 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.20%. Vertiv’s dividend payout ratio is currently 11.72%.

Vertiv 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.