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

Larson Financial Group LLC raised its stake in Vertiv Holdings Co (NYSE:VRT) by 30.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in VRT. Jennison Associates LLC increased its holdings in shares of Vertiv by 10,825.0% in the 3rd quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock worth $457,695,000 after buying an additional 4,558,306 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Vertiv by 271.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock worth $389,548,000 after buying an additional 2,860,181 shares during the last quarter. Castle Hook Partners LP increased its holdings in shares of Vertiv by 215.6% in the 3rd quarter. Castle Hook Partners LP now owns 1,864,426 shares of the company’s stock worth $185,492,000 after buying an additional 1,273,746 shares during the last quarter. Whale Rock Capital Management LLC bought a new position in shares of Vertiv in the 3rd quarter worth $110,517,000. Finally, Blue Whale Capital LLP bought a new position in shares of Vertiv in the 3rd quarter worth $93,481,000. Institutional investors own 89.92% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on VRT. Fox Advisors began coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating for the company. Evercore ISI lowered their price target on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Mizuho increased their target price on Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Barclays reduced their price target on Vertiv from $131.00 to $111.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. Finally, Melius Research reiterated a “hold” rating and issued a $125.00 price objective on shares of Vertiv in a research report on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Vertiv has a consensus rating of “Moderate Buy” and a consensus target price of $136.07.

Vertiv Price Performance

Shares of Vertiv stock opened at $83.06 on Wednesday. The company’s fifty day simple moving average is $113.71 and its two-hundred day simple moving average is $110.98. The firm has a market cap of $31.63 billion, a PE ratio of 64.89, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. 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.

Vertiv (NYSE:VRT) last announced 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 quarter last year, the business posted $0.56 EPS. As a group, equities analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

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