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

Concentrum Wealth Management acquired a new position in shares of Vertiv Holdings Co (NYSE:VRT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,566 shares of the company’s stock, valued at approximately $292,000.

A number of other hedge funds have also recently bought and sold shares of VRT. SOA Wealth Advisors LLC. bought a new position in Vertiv in the fourth quarter valued at about $26,000. OLD Second National Bank of Aurora acquired a new position in Vertiv during the 4th quarter valued at about $30,000. Tradewinds Capital Management LLC boosted its stake in shares of Vertiv by 61.3% in the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after purchasing an additional 111 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Vertiv during the 4th quarter worth approximately $34,000. Finally, Pittenger & Anderson Inc. raised its stake in shares of Vertiv by 92.0% during the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company’s stock worth $36,000 after buying an additional 150 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors.

Vertiv Stock Down 11.9 %

NYSE:VRT opened at $59.42 on Monday. The stock has a 50-day simple moving average of $95.23 and a 200 day simple moving average of $111.10. Vertiv Holdings Co has a 52-week low of $51.42 and a 52-week high of $155.84. The company has a market cap of $22.63 billion, a PE ratio of 46.43, a PEG ratio of 1.07 and a beta of 1.71. 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 (NYSE:VRT) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate 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 quarter in the previous year, the company posted $0.56 earnings per share. On average, sell-side analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were given a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv’s dividend payout ratio is currently 11.72%.

Analyst Ratings Changes

A number of research firms have commented on VRT. Melius Research reaffirmed a “hold” rating and set a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. Melius downgraded Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a report on Tuesday, January 28th. Morgan Stanley initiated coverage on Vertiv in a report on Monday, January 6th. They set an “overweight” rating and a $150.00 target price on the stock. Citigroup boosted their target price on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Finally, Barclays cut their price target on shares of Vertiv from $100.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Friday. Four investment 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $134.67.

About Vertiv

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.