Creative Financial Designs Inc. ADV Has $376,000 Position in Vertiv Holdings Co (NYSE:VRT)

Creative Financial Designs Inc. ADV increased its position in shares of Vertiv Holdings Co (NYSE:VRT) by 35.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,310 shares of the company’s stock after purchasing an additional 870 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Vertiv were worth $376,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Jennison Associates LLC lifted its holdings in Vertiv by 68.6% during the 4th quarter. Jennison Associates LLC now owns 7,754,347 shares of the company’s stock worth $880,971,000 after purchasing an additional 3,153,932 shares during the last quarter. State Street Corp lifted its holdings in Vertiv by 4.2% during the 3rd quarter. State Street Corp now owns 7,635,081 shares of the company’s stock worth $759,614,000 after purchasing an additional 308,704 shares during the last quarter. Geode Capital Management LLC increased its stake in Vertiv by 7.4% during the 3rd quarter. Geode Capital Management LLC now owns 5,951,784 shares of the company’s stock worth $592,433,000 after acquiring an additional 408,054 shares during the period. Wellington Management Group LLP increased its stake in Vertiv by 271.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock worth $389,548,000 after acquiring an additional 2,860,181 shares during the period. Finally, Westfield Capital Management Co. LP increased its stake in Vertiv by 1.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 3,611,566 shares of the company’s stock worth $359,315,000 after acquiring an additional 40,696 shares during the period. 89.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Royal Bank of Canada assumed coverage on Vertiv in a research note on Friday, March 7th. They set an “outperform” rating and a $121.00 price objective on the stock. JPMorgan Chase & Co. raised their price objective on Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 19th. Fox Advisors assumed coverage on Vertiv in a research note on Monday, January 6th. They set an “equal weight” rating on the stock. Melius lowered Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective on the stock. in a research note on Tuesday, January 28th. Finally, Citigroup raised their price objective on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Four investment 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 presently has an average rating of “Moderate Buy” and an average target price of $136.07.

Vertiv Trading Down 5.0 %

Shares of VRT stock opened at $84.65 on Wednesday. The firm has a market capitalization of $32.23 billion, a P/E ratio of 66.13, a P/E/G ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a twelve month low of $62.40 and a twelve month high of $155.84. 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 stock’s fifty day simple moving average is $109.87 and its 200 day simple moving average is $111.18.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter last year, the company posted $0.56 EPS. As a group, sell-side analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 18th will be given 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%.

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.