Vertiv Holdings Co (NYSE:VRT) Position Boosted by Optimum Investment Advisors

Optimum Investment Advisors increased its holdings in Vertiv Holdings Co (NYSE:VRT) by 30.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,950 shares of the company’s stock after buying an additional 450 shares during the quarter. Optimum Investment Advisors’ holdings in Vertiv were worth $222,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in VRT. SOA Wealth Advisors LLC. bought a new position in Vertiv in the 4th quarter worth approximately $26,000. Mark Sheptoff Financial Planning LLC lifted its position in Vertiv by 200.0% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares during the period. Brooklyn Investment Group acquired a new stake in Vertiv in the third quarter worth approximately $30,000. OLD Second National Bank of Aurora acquired a new stake in Vertiv in the fourth quarter worth approximately $30,000. Finally, Tradewinds Capital Management LLC lifted its position in Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after purchasing an additional 111 shares during the period. 89.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

VRT has been the subject of a number of research analyst reports. Citigroup upped their target price on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. 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. Royal Bank of Canada assumed coverage on Vertiv in a research report on Friday, March 7th. They set an “outperform” rating and a $121.00 price objective for the company. Morgan Stanley assumed coverage on Vertiv in a research report on Monday, January 6th. They set an “overweight” rating and a $150.00 price objective for the company. Finally, Barclays cut their price objective on Vertiv from $131.00 to $111.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Vertiv presently has an average rating of “Moderate Buy” and a consensus price target of $136.07.

Vertiv Stock Down 0.6 %

VRT stock opened at $88.58 on Friday. The company has a 50 day moving average of $107.46 and a two-hundred day moving average of $111.16. 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 12-month low of $62.40 and a 12-month high of $155.84. The company has a market cap of $33.73 billion, a price-to-earnings ratio of 69.20, a PEG ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last announced 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 return on equity of 61.41% and a net margin of 6.19%. During the same quarter last year, the business earned $0.56 earnings per share. On average, equities analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors 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 yield of 0.17%. The ex-dividend date of this dividend is Tuesday, March 18th. 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.