GM Advisory Group LLC Makes New $308,000 Investment in Vertiv Holdings Co (NYSE:VRT)

GM Advisory Group LLC purchased a new position in shares of Vertiv Holdings Co (NYSE:VRT) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 2,712 shares of the company’s stock, valued at approximately $308,000.

Other institutional investors and hedge funds have also modified their holdings of the company. CIBC Asset Management Inc grew its holdings in Vertiv by 5.4% during the 3rd quarter. CIBC Asset Management Inc now owns 13,461 shares of the company’s stock worth $1,339,000 after acquiring an additional 691 shares during the period. Empowered Funds LLC increased its holdings in 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 during the last quarter. Natixis Advisors LLC lifted its stake in Vertiv by 59.2% in the third quarter. Natixis Advisors LLC now owns 128,451 shares of the company’s stock valued at $12,779,000 after buying an additional 47,748 shares during the period. Caprock Group LLC bought a new position in Vertiv during the third quarter worth about $409,000. Finally, Wrapmanager Inc. acquired a new position in shares of Vertiv during the 3rd quarter worth about $232,000. 89.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

VRT has been the topic of a number of analyst reports. Fox Advisors started coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an “equal weight” rating on the stock. Citigroup lifted their price target on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Royal Bank of Canada initiated coverage on shares of Vertiv in a research report on Friday, March 7th. They issued an “outperform” rating and a $121.00 price objective for the company. Melius Research reiterated a “hold” rating and set a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. Finally, Melius cut Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a research note on Tuesday, January 28th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Vertiv presently has an average rating of “Moderate Buy” and a consensus price target of $136.07.

Vertiv Price Performance

Shares of VRT opened at $89.25 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. Vertiv Holdings Co has a twelve month low of $62.40 and a twelve month high of $155.84. The stock has a market capitalization of $33.99 billion, a P/E ratio of 69.73, a P/E/G ratio of 1.07 and a beta of 1.71. The company has a 50 day moving average of $109.07 and a 200-day moving average of $111.02.

Vertiv (NYSE:VRT) last released its earnings results 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 net margin of 6.19% and a return on equity of 61.41%. During the same period in the prior year, the company earned $0.56 earnings per share. As a group, equities research analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

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