Vertiv Holdings Co (NYSE:VRT) Shares Acquired by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC increased its holdings in Vertiv Holdings Co (NYSE:VRT) by 70.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,479 shares of the company’s stock after buying an additional 1,443 shares during the period. Counterpoint Mutual Funds LLC’s holdings in Vertiv were worth $395,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Signaturefd LLC boosted its holdings in shares of Vertiv by 7.6% in the 4th quarter. Signaturefd LLC now owns 7,068 shares of the company’s stock valued at $803,000 after buying an additional 501 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Vertiv by 42.4% in the 4th quarter. Parallel Advisors LLC now owns 4,829 shares of the company’s stock valued at $549,000 after buying an additional 1,437 shares during the period. Creative Financial Designs Inc. ADV boosted its holdings in shares of Vertiv by 35.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,310 shares of the company’s stock valued at $376,000 after buying an additional 870 shares during the period. Gallacher Capital Management LLC acquired a new position in shares of Vertiv in the 4th quarter valued at about $227,000. Finally, Corient Private Wealth LLC boosted its holdings in shares of Vertiv by 94.7% in the 4th quarter. Corient Private Wealth LLC now owns 28,872 shares of the company’s stock valued at $3,280,000 after buying an additional 14,042 shares during the period. 89.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

VRT has been the topic of several recent research reports. Melius downgraded shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective on the stock. in a research report on Tuesday, January 28th. TD Cowen lifted their price objective on shares of Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Mizuho lifted their price objective on shares of Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Citigroup lifted their price objective on shares of Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, The Goldman Sachs Group lifted their price objective on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $136.07.

Vertiv Stock Performance

Shares of VRT opened at $89.01 on Tuesday. The firm’s 50 day moving average is $110.79 and its 200-day moving average is $111.17. The stock has a market capitalization of $33.89 billion, a P/E ratio of 69.54, a P/E/G ratio of 1.07 and a beta of 1.71. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. 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 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 net margin of 6.19% and a return on equity of 61.41%. During the same period in the previous year, the company posted $0.56 EPS. Equities research analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be paid a $0.0375 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.17%. Vertiv’s dividend payout ratio is currently 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.