Wedbush Securities Inc. Has $2.43 Million Stake in Vertiv Holdings Co (NYSE:VRT)

Wedbush Securities Inc. lifted its stake in Vertiv Holdings Co (NYSE:VRT) by 94.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,403 shares of the company’s stock after acquiring an additional 10,391 shares during the period. Wedbush Securities Inc.’s holdings in Vertiv were worth $2,432,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SOA Wealth Advisors LLC. acquired a new stake in shares of Vertiv in the fourth quarter worth $26,000. OLD Second National Bank of Aurora acquired a new position in Vertiv during the 4th quarter worth $30,000. Tradewinds Capital Management LLC boosted its holdings in Vertiv by 61.3% during the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after acquiring an additional 111 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of Vertiv in the fourth quarter valued at about $34,000. Finally, Pittenger & Anderson Inc. increased its stake in shares of Vertiv by 92.0% in the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company’s stock worth $36,000 after purchasing an additional 150 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Stock Down 11.9 %

Shares of NYSE VRT opened at $59.42 on Friday. Vertiv Holdings Co has a 52-week low of $55.32 and a 52-week high of $155.84. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The business has a fifty day moving average of $95.23 and a two-hundred day moving average of $110.94. The stock has a market cap of $22.63 billion, a PE ratio of 46.43, a PEG ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last released its quarterly 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 period last year, the firm earned $0.56 EPS. As a group, equities research analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were given a $0.0375 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.25%. Vertiv’s payout ratio is 11.72%.

Analysts Set New Price Targets

A number of research firms have issued reports on VRT. Fox Advisors started coverage on Vertiv in a report on Monday, January 6th. They issued an “equal weight” rating on the stock. Morgan Stanley assumed coverage on shares of Vertiv in a research report on Monday, January 6th. They set an “overweight” rating and a $150.00 target price on the stock. Evercore ISI reduced their price target on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Melius Research restated a “hold” rating and issued a $125.00 price target on shares of Vertiv in a research report on Tuesday, January 28th. Finally, Barclays cut their price objective on shares of Vertiv from $100.00 to $90.00 and set an “equal weight” rating for the company in a research report on Friday. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $134.67.

About Vertiv

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.