FineMark National Bank & Trust Invests $300,000 in Vertiv Holdings Co (NYSE:VRT)

FineMark National Bank & Trust purchased a new stake in shares of Vertiv Holdings Co (NYSE:VRT) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,640 shares of the company’s stock, valued at approximately $300,000.

A number of other institutional investors also recently bought and sold shares of the stock. SOA Wealth Advisors LLC. purchased a new stake in shares of Vertiv in the fourth quarter valued at $26,000. OLD Second National Bank of Aurora purchased a new stake in Vertiv in the 4th quarter worth about $30,000. Tradewinds Capital Management LLC lifted its stake in Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after purchasing an additional 111 shares during the last quarter. Mark Sheptoff Financial Planning LLC boosted its position in shares of Vertiv by 200.0% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after buying an additional 200 shares during the period. Finally, FNY Investment Advisers LLC bought a new position in shares of Vertiv during the fourth quarter valued at approximately $34,000. 89.92% of the stock is currently owned by institutional investors.

Vertiv Price Performance

Shares of VRT stock opened at $81.73 on Thursday. The stock’s 50-day moving average is $105.10 and its 200 day moving average is $111.48. Vertiv Holdings Co has a 1-year low of $62.40 and a 1-year 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 company has a market cap of $31.12 billion, a P/E ratio of 63.85, a PEG ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the company posted $0.56 EPS. Research analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date is Tuesday, March 18th. Vertiv’s payout ratio is presently 11.72%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Melius Research reissued a “hold” rating and set a $125.00 price target on shares of Vertiv in a research note on Tuesday, January 28th. Royal Bank of Canada began coverage on shares of Vertiv in a research note on Friday, March 7th. They set an “outperform” rating and a $121.00 target price for the company. Fox Advisors began coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating on the stock. Evercore ISI lowered their price objective on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Finally, Morgan Stanley started coverage on shares of Vertiv in a research report on Monday, January 6th. They set an “overweight” rating and a $150.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $135.33.

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.