EFG Asset Management North America Corp. Has $5.48 Million Stock Position in Vertiv Holdings Co (NYSE:VRT)

EFG Asset Management North America Corp. increased its stake in Vertiv Holdings Co (NYSE:VRT) by 41.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 48,197 shares of the company’s stock after purchasing an additional 14,240 shares during the period. EFG Asset Management North America Corp.’s holdings in Vertiv were worth $5,478,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Silverleafe Capital Partners LLC bought a new position in shares of Vertiv in the 4th quarter valued at $4,219,000. Foundations Investment Advisors LLC grew its position in Vertiv by 7.9% in the fourth quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock valued at $21,076,000 after acquiring an additional 13,559 shares during the last quarter. Empowered Funds LLC raised its stake in Vertiv by 67.0% during the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock worth $1,043,000 after acquiring an additional 3,682 shares in the last quarter. Gordian Capital Singapore Pte Ltd lifted its holdings in shares of Vertiv by 112.5% in the third quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company’s stock worth $846,000 after acquiring an additional 4,500 shares during the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of Vertiv by 3,417.9% in the 4th quarter. Nordea Investment Management AB now owns 964,104 shares of the company’s stock valued at $110,544,000 after purchasing an additional 936,698 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Price Performance

Shares of NYSE VRT opened at $93.78 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $35.71 billion, a PE ratio of 73.27, a P/E/G ratio of 1.07 and a beta of 1.71. The firm has a fifty day simple moving average of $106.85 and a 200 day simple moving average of $111.55. Vertiv Holdings Co has a twelve month low of $62.40 and a twelve month high of $155.84.

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

Vertiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders 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 dividend yield of 0.16%. The ex-dividend date is Tuesday, March 18th. Vertiv’s dividend payout ratio (DPR) is 11.72%.

Analysts Set New Price Targets

A number of research firms recently issued reports on VRT. Morgan Stanley initiated coverage on shares of Vertiv in a research report on Monday, January 6th. They set an “overweight” rating and a $150.00 price objective for the company. Melius Research reiterated a “hold” rating and issued a $125.00 price target on shares of Vertiv in a research note on Tuesday, January 28th. Evercore ISI reduced their price objective on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Melius downgraded 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. Finally, Citigroup upped their price objective on Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Four 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, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.