Swiss National Bank Decreases Stake in Vertiv Holdings Co (NYSE:VRT)

Swiss National Bank reduced its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 4.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,006,800 shares of the company’s stock after selling 48,800 shares during the period. Swiss National Bank’s holdings in Vertiv were worth $114,383,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. SOA Wealth Advisors LLC. purchased a new stake in shares of Vertiv during the 4th quarter worth $26,000. OLD Second National Bank of Aurora purchased a new stake in shares of Vertiv during the 4th quarter worth $30,000. Tradewinds Capital Management LLC boosted its position 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 purchasing an additional 111 shares in the last quarter. Mark Sheptoff Financial Planning LLC boosted its position 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 purchasing an additional 200 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Vertiv during the 4th quarter worth $34,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on VRT. Citigroup lifted their price target on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Oppenheimer lifted their price target on Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Melius downgraded Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a research note on Tuesday, January 28th. Mizuho lifted their price target on Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Finally, Fox Advisors began coverage on Vertiv in a research note on Monday, January 6th. They set an “equal weight” rating for the company. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $136.07.

Vertiv Stock Up 5.3 %

Shares of NYSE:VRT opened at $87.54 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. Vertiv Holdings Co has a 1 year low of $62.40 and a 1 year high of $155.84. The stock has a market capitalization of $33.33 billion, a P/E ratio of 68.39, a PEG ratio of 1.07 and a beta of 1.71. The stock has a 50-day simple moving average of $111.69 and a 200-day simple moving average of $110.68.

Vertiv (NYSE:VRT) last released its quarterly 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 period in the previous year, the firm posted $0.56 earnings per share. Equities analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

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 issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.17%. The ex-dividend date is Tuesday, March 18th. Vertiv’s dividend payout ratio is presently 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.