Vertiv Holdings Co (NYSE:VRT) Stock Holdings Lifted by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC grew its position in Vertiv Holdings Co (NYSE:VRT) by 57.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 190,923 shares of the company’s stock after purchasing an additional 69,539 shares during the period. Commonwealth Equity Services LLC owned about 0.05% of Vertiv worth $21,691,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Fifth Third Bancorp boosted its holdings in Vertiv by 8.1% in the fourth quarter. Fifth Third Bancorp now owns 1,126 shares of the company’s stock worth $128,000 after purchasing an additional 84 shares in the last quarter. Accurate Wealth Management LLC boosted its stake in shares of Vertiv by 4.1% during the 4th quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company’s stock worth $254,000 after acquiring an additional 87 shares in the last quarter. Tradewinds Capital Management LLC raised its stake in shares of Vertiv by 61.3% in the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after acquiring an additional 111 shares in the last quarter. Bouvel Investment Partners LLC raised its stake in shares of Vertiv by 1.1% in the 4th quarter. Bouvel Investment Partners LLC now owns 11,097 shares of the company’s stock valued at $1,261,000 after acquiring an additional 117 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Vertiv by 16.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 837 shares of the company’s stock worth $95,000 after purchasing an additional 121 shares during the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VRT has been the topic of several analyst reports. Citigroup increased their price target on Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 9th. JPMorgan Chase & Co. boosted their target price on shares of Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 19th. The Goldman Sachs Group upped their price target on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Melius Research reissued a “hold” rating and set a $125.00 price objective on shares of Vertiv in a research report on Tuesday, January 28th. Finally, Royal Bank of Canada began coverage on Vertiv in a research note 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 assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.07.

Vertiv Price Performance

NYSE:VRT opened at $87.54 on Monday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The company has a 50-day moving average of $111.69 and a 200-day moving average of $111.10. Vertiv Holdings Co has a 52 week low of $62.40 and a 52 week high of $155.84. The company has a market capitalization of $33.33 billion, a price-to-earnings ratio of 68.39, a PEG ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last released its quarterly earnings data 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 return on equity of 61.41% and a net margin of 6.19%. During the same quarter in the prior year, the business earned $0.56 EPS. As a group, equities research analysts anticipate 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 will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th will be issued 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 0.17%. Vertiv’s payout ratio is presently 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.