Gitterman Wealth Management LLC Purchases New Holdings in Vertiv Holdings Co (NYSE:VRT)

Gitterman Wealth Management LLC acquired a new position in Vertiv Holdings Co (NYSE:VRT) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,833 shares of the company’s stock, valued at approximately $208,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Silverleafe Capital Partners LLC acquired a new position in shares of Vertiv in the 4th quarter worth approximately $4,219,000. Foundations Investment Advisors LLC raised its stake in Vertiv by 7.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock valued at $21,076,000 after purchasing an additional 13,559 shares during the last quarter. Empowered Funds LLC raised its holdings in Vertiv by 67.0% in the 4th quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock valued at $1,043,000 after acquiring an additional 3,682 shares in the last quarter. Gordian Capital Singapore Pte Ltd grew its stake in shares of 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 boosted its stake in shares of Vertiv by 3,417.9% in the 4th quarter. Nordea Investment Management AB now owns 964,104 shares of the company’s stock valued at $110,544,000 after purchasing an additional 936,698 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Stock Up 5.3 %

Vertiv stock opened at $87.54 on Friday. The firm has a 50 day moving average price of $111.69 and a two-hundred day moving average price of $110.89. 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 52-week low of $62.40 and a 52-week high of $155.84. The firm has a market cap of $33.33 billion, a price-to-earnings ratio of 68.39, a PEG ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last issued 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 quarter in the prior year, the company posted $0.56 earnings per share. Equities analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The firm 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 dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.17%. The ex-dividend date of this dividend is Tuesday, March 18th. Vertiv’s payout ratio is 11.72%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Royal Bank of Canada started coverage on shares of Vertiv in a research note on Friday, March 7th. They issued an “outperform” rating and a $121.00 target price for the company. TD Cowen upped their target price on shares of Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Fox Advisors assumed coverage on Vertiv in a research report on Monday, January 6th. They issued an “equal weight” rating on the stock. Barclays dropped their price objective on Vertiv from $131.00 to $111.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Finally, Mizuho boosted their target price on Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Four research 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.com, Vertiv currently has an average rating of “Moderate Buy” and an average price target of $136.07.

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.