Concentrum Wealth Management Takes Position in Vertiv Holdings Co (NYSE:VRT)

Concentrum Wealth Management bought a new position in shares of Vertiv Holdings Co (NYSE:VRT) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 2,566 shares of the company’s stock, valued at approximately $292,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Silverleafe Capital Partners LLC acquired a new stake in shares of Vertiv during the fourth quarter worth $4,219,000. Foundations Investment Advisors LLC increased its position in Vertiv by 7.9% during the fourth quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock worth $21,076,000 after acquiring an additional 13,559 shares during the period. Empowered Funds LLC raised its stake in Vertiv by 67.0% in the 4th quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock worth $1,043,000 after purchasing an additional 3,682 shares in the last quarter. Gordian Capital Singapore Pte Ltd boosted its holdings in Vertiv by 112.5% in the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company’s stock valued at $846,000 after purchasing an additional 4,500 shares during the period. Finally, Nordea Investment Management AB grew its position in shares of Vertiv by 3,417.9% during the 4th quarter. Nordea Investment Management AB now owns 964,104 shares of the company’s stock worth $110,544,000 after purchasing an additional 936,698 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Trading Down 11.9 %

NYSE VRT opened at $59.42 on Monday. The company has a market cap of $22.63 billion, a price-to-earnings ratio of 46.43, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a twelve month low of $51.42 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 business’s fifty day moving average is $95.23 and its 200 day moving average is $111.10.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating 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 business earned $0.56 EPS. As a group, sell-side analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were given a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.25%. The ex-dividend date was Tuesday, March 18th. Vertiv’s dividend payout ratio (DPR) is currently 11.72%.

Wall Street Analysts Forecast Growth

VRT has been the subject of several recent research reports. Barclays cut their price target on Vertiv from $100.00 to $90.00 and set an “equal weight” rating for the company in a research note on Friday. Morgan Stanley assumed coverage on Vertiv in a research report on Monday, January 6th. They set an “overweight” rating and a $150.00 target price for the company. Melius Research restated a “hold” rating and issued a $125.00 price target on shares of Vertiv in a research report on Tuesday, January 28th. Fox Advisors assumed coverage on shares of Vertiv in a research report on Monday, January 6th. They set an “equal weight” rating for the company. Finally, Evercore ISI reduced their price objective on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $134.67.

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.