Horizon Investments LLC Acquires 321 Shares of Vertiv Holdings Co (NYSE:VRT)

Horizon Investments LLC boosted its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 21.9% in the fourth quarter, Holdings Channel reports. The firm owned 1,787 shares of the company’s stock after acquiring an additional 321 shares during the period. Horizon Investments LLC’s holdings in Vertiv were worth $203,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of VRT. SOA Wealth Advisors LLC. bought a new stake in shares of Vertiv during the 4th quarter worth $26,000. Mark Sheptoff Financial Planning LLC boosted its holdings in shares of Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after buying an additional 200 shares during the period. Brooklyn Investment Group bought a new stake in shares of Vertiv during the 3rd quarter worth $30,000. OLD Second National Bank of Aurora bought a new stake in shares of Vertiv during the 4th quarter worth $30,000. Finally, Tradewinds Capital Management LLC boosted its holdings in shares of Vertiv by 61.3% during the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after buying an additional 111 shares during the period. Institutional investors own 89.92% of the company’s stock.

Vertiv Stock Down 0.1 %

Vertiv stock opened at $89.07 on Friday. The company’s 50 day simple moving average is $108.26 and its 200 day simple moving average is $110.87. Vertiv Holdings Co has a fifty-two week low of $62.40 and a fifty-two week high of $155.84. The firm has a market capitalization of $33.92 billion, a price-to-earnings ratio of 69.59, a PEG 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 (NYSE:VRT) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share 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 quarter last year, the business posted $0.56 EPS. As a group, sell-side analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th will be paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.17%. The ex-dividend date of this dividend is Tuesday, March 18th. Vertiv’s payout ratio is currently 11.72%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on VRT shares. Melius downgraded shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a report on Tuesday, January 28th. Citigroup increased their price target on shares of Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 9th. Melius Research reaffirmed a “hold” rating and set a $125.00 price objective on shares of Vertiv in a report on Tuesday, January 28th. Morgan Stanley assumed coverage on shares of Vertiv in a report on Monday, January 6th. They set an “overweight” rating and a $150.00 price objective for the company. Finally, Barclays dropped their target price on shares of Vertiv from $131.00 to $111.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $136.07.

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.