Bedell Frazier Investment Counselling LLC Makes New Investment in Vertiv Holdings Co (NYSE:VRT)

Bedell Frazier Investment Counselling LLC acquired a new stake in Vertiv Holdings Co (NYSE:VRT) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,654 shares of the company’s stock, valued at approximately $415,000.

Several other institutional investors have also recently made changes to their positions in the stock. Algert Global LLC purchased a new stake in Vertiv during the 3rd quarter valued at about $518,000. The Manufacturers Life Insurance Company raised its stake in shares of Vertiv by 25.5% in the third quarter. The Manufacturers Life Insurance Company now owns 38,306 shares of the company’s stock worth $3,811,000 after purchasing an additional 7,783 shares during the last quarter. Brooklyn Investment Group bought a new stake in Vertiv in the 3rd quarter worth approximately $30,000. Townsquare Capital LLC boosted its position in Vertiv by 14.8% in the third quarter. Townsquare Capital LLC now owns 4,990 shares of the company’s stock worth $496,000 after purchasing an additional 642 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Vertiv by 10.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,502,545 shares of the company’s stock valued at $149,488,000 after acquiring an additional 142,059 shares during the period. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Stock Down 2.6 %

Shares of VRT stock opened at $74.32 on Monday. The company has a market capitalization of $28.30 billion, a price-to-earnings ratio of 58.06, a PEG ratio of 1.07 and a beta of 1.71. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. Vertiv Holdings Co has a twelve month low of $62.40 and a twelve month high of $155.84. The stock’s 50 day simple moving average is $102.74 and its 200 day simple moving average is $111.69.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating 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 business posted $0.56 EPS. As a group, research analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were paid a dividend of $0.0375 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.20%. Vertiv’s dividend payout ratio is currently 11.72%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on VRT shares. Evercore ISI dropped their target price on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Morgan Stanley started coverage on shares of Vertiv in a research note on Monday, January 6th. They set an “overweight” rating and a $150.00 price objective on the stock. Melius Research reiterated a “hold” rating and set a $125.00 price objective on shares of Vertiv in a report on Tuesday, January 28th. Royal Bank of Canada began coverage on Vertiv in a research report on Friday, March 7th. They issued an “outperform” rating and a $121.00 target price on the stock. Finally, Melius lowered shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a report on Tuesday, January 28th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $135.33.

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.