Vertiv Holdings Co (NYSE:VRT) Stock Holdings Lifted by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC lifted its position in Vertiv Holdings Co (NYSE:VRT) by 70.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 3,479 shares of the company’s stock after buying an additional 1,443 shares during the quarter. Counterpoint Mutual Funds LLC’s holdings in Vertiv were worth $395,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. SOA Wealth Advisors LLC. purchased a new position in shares of Vertiv in the fourth quarter worth approximately $26,000. Mark Sheptoff Financial Planning LLC increased its stake in Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after buying an additional 200 shares during the period. Brooklyn Investment Group acquired a new position in Vertiv in the 3rd quarter valued at approximately $30,000. OLD Second National Bank of Aurora acquired a new position in Vertiv in the 4th quarter valued at approximately $30,000. Finally, Tradewinds Capital Management LLC increased its stake in 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 buying an additional 111 shares during the period. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Price Performance

NYSE VRT opened at $89.01 on Tuesday. 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 company has a fifty day simple moving average of $110.79 and a 200 day simple moving average of $111.17. The company has a market cap of $33.89 billion, a P/E ratio of 69.54, a P/E/G ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a 1 year low of $62.40 and a 1 year 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 (EPS) for the quarter, topping the consensus estimate 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 quarter in the prior year, the company posted $0.56 earnings per share. On average, sell-side analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th will be issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.17%. The ex-dividend date of this dividend is Tuesday, March 18th. Vertiv’s dividend payout ratio (DPR) is presently 11.72%.

Analysts Set New Price Targets

Several research firms have weighed in on VRT. Oppenheimer upped their price objective on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Royal Bank of Canada began coverage on shares of Vertiv in a research note on Friday, March 7th. They issued an “outperform” rating and a $121.00 price objective on the stock. Mizuho upped their price objective on shares of Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Evercore ISI dropped their price objective on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Finally, 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. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company 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.