HighPoint Advisor Group LLC Has $3.52 Million Position in Vertiv Holdings Co (NYSE:VRT)

HighPoint Advisor Group LLC lifted its holdings in Vertiv Holdings Co (NYSE:VRT) by 33.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,568 shares of the company’s stock after purchasing an additional 7,162 shares during the period. HighPoint Advisor Group LLC’s holdings in Vertiv were worth $3,521,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Algert Global LLC acquired a new position in shares of Vertiv during the third quarter worth approximately $518,000. The Manufacturers Life Insurance Company raised its stake in Vertiv by 25.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 38,306 shares of the company’s stock valued at $3,811,000 after purchasing an additional 7,783 shares during the last quarter. Brooklyn Investment Group acquired a new position in Vertiv during the 3rd quarter valued at $30,000. Townsquare Capital LLC boosted its holdings in Vertiv by 14.8% in the 3rd quarter. Townsquare Capital LLC now owns 4,990 shares of the company’s stock valued at $496,000 after purchasing an additional 642 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Vertiv by 10.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,502,545 shares of the company’s stock worth $149,488,000 after purchasing an additional 142,059 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Wall Street Analysts Forecast Growth

VRT has been the subject of several recent research reports. Melius cut Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a report on Tuesday, January 28th. Melius Research restated a “hold” rating and issued a $125.00 target price on shares of Vertiv in a research note on Tuesday, January 28th. Citigroup lifted their price target on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Barclays dropped their price objective on shares of Vertiv from $111.00 to $100.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 26th. Finally, Royal Bank of Canada initiated coverage on shares of Vertiv in a research report on Friday, March 7th. They set an “outperform” rating and a $121.00 target price on the stock. Four 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $135.33.

Vertiv Stock Performance

Shares of Vertiv stock opened at $74.32 on Monday. The firm has a 50 day simple moving average of $102.74 and a 200 day simple moving average of $111.69. Vertiv Holdings Co has a fifty-two week low of $62.40 and a fifty-two week high of $155.84. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The firm has a market cap of $28.30 billion, a P/E ratio of 58.06, a P/E/G ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last released its earnings results 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 in the prior year, the company earned $0.56 earnings per share. Sell-side analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date was Tuesday, March 18th. Vertiv’s dividend payout ratio (DPR) is 11.72%.

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.