Larson Financial Group LLC Acquires 256 Shares of Vertiv Holdings Co (NYSE:VRT)

Larson Financial Group LLC increased its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 30.5% during the 4th quarter, HoldingsChannel reports. The fund owned 1,095 shares of the company’s stock after buying an additional 256 shares during the period. Larson Financial Group LLC’s holdings in Vertiv were worth $124,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. SOA Wealth Advisors LLC. bought a new stake in Vertiv during the fourth quarter worth about $26,000. OLD Second National Bank of Aurora bought a new stake in Vertiv during the fourth quarter worth about $30,000. Tradewinds Capital Management LLC boosted its stake in Vertiv by 61.3% during the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after acquiring an additional 111 shares in the last quarter. Mark Sheptoff Financial Planning LLC boosted its stake in Vertiv by 200.0% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after acquiring an additional 200 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in Vertiv during the fourth quarter worth about $34,000. Institutional investors own 89.92% of the company’s stock.

Wall Street Analyst Weigh In

VRT has been the topic of several research reports. Oppenheimer boosted their price objective on shares of Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. TD Cowen lifted their target price on shares of Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Citigroup lifted their target price on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Royal Bank of Canada started coverage on shares of Vertiv in a report on Friday, March 7th. They issued an “outperform” rating and a $121.00 target price for the company. Finally, Melius Research reaffirmed a “hold” rating and issued a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. 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.com, Vertiv has a consensus rating of “Moderate Buy” and an average price target of $136.07.

Vertiv Stock Up 6.5 %

VRT opened at $83.06 on Wednesday. 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 firm has a 50 day moving average price of $113.71 and a 200-day moving average price of $110.98. 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 $31.63 billion, a price-to-earnings ratio of 64.89, a PEG ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, February 12th. The company reported $0.99 EPS 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 quarter in the previous year, the company earned $0.56 earnings per share. Equities research analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.0375 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a yield of 0.18%. Vertiv’s dividend payout ratio is currently 11.72%.

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.