Banco BTG Pactual S.A. Buys Shares of 2,696 Vertiv Holdings Co (NYSE:VRT)

Banco BTG Pactual S.A. purchased a new stake in shares of Vertiv Holdings Co (NYSE:VRT) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,696 shares of the company’s stock, valued at approximately $319,000.

A number of other institutional investors and hedge funds have also made changes to their positions in VRT. Cerity Partners LLC raised its position in Vertiv by 25.5% in the third quarter. Cerity Partners LLC now owns 44,729 shares of the company’s stock valued at $4,450,000 after purchasing an additional 9,086 shares during the period. Algert Global LLC acquired a new stake in shares of Vertiv in the third quarter valued at $518,000. Larson Financial Group LLC raised its holdings in shares of Vertiv by 232.9% in the 3rd quarter. Larson Financial Group LLC now owns 839 shares of the company’s stock valued at $83,000 after buying an additional 587 shares during the period. Centaurus Financial Inc. purchased a new stake in Vertiv during the third quarter worth about $405,000. Finally, Private Trust Co. NA lifted its position in shares of Vertiv by 25.0% during the third quarter. Private Trust Co. NA now owns 2,202 shares of the company’s stock worth $219,000 after purchasing an additional 440 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on VRT shares. Morgan Stanley began coverage on shares of Vertiv in a report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective for the company. Royal Bank of Canada started coverage on Vertiv in a research report on Friday, March 7th. They set an “outperform” rating and a $121.00 price objective on the stock. Fox Advisors initiated coverage on Vertiv in a report on Monday, January 6th. They issued an “equal weight” rating for the company. Barclays lowered their target price on Vertiv from $111.00 to $100.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, Citigroup increased their price target on Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $135.33.

Vertiv Trading Down 10.8 %

Shares of Vertiv stock opened at $81.73 on Thursday. The company has a fifty day simple moving average of $105.10 and a 200-day simple moving average of $111.48. Vertiv Holdings Co has a 12-month low of $62.40 and a 12-month high of $155.84. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The stock has a market cap of $31.12 billion, a price-to-earnings ratio of 63.85, a PEG ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate 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. On average, equities analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.18%. The ex-dividend date is Tuesday, March 18th. Vertiv’s payout ratio is currently 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.