Vertiv Holdings Co (NYSE:VRT) Stake Raised by KCM Investment Advisors LLC

KCM Investment Advisors LLC increased its holdings in Vertiv Holdings Co (NYSE:VRT) by 52.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,830 shares of the company’s stock after buying an additional 15,100 shares during the quarter. KCM Investment Advisors LLC’s holdings in Vertiv were worth $4,980,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. SOA Wealth Advisors LLC. bought a new position in shares of Vertiv in the fourth quarter worth $26,000. OLD Second National Bank of Aurora bought a new position in Vertiv in the 4th quarter valued at about $30,000. Tradewinds Capital Management LLC increased its stake in Vertiv by 61.3% during the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after buying an additional 111 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of Vertiv during the 4th quarter worth about $34,000. Finally, Pittenger & Anderson Inc. lifted its stake in shares of Vertiv by 92.0% in the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company’s stock worth $36,000 after acquiring an additional 150 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Stock Down 11.9 %

NYSE:VRT opened at $59.42 on Friday. Vertiv Holdings Co has a 1-year low of $55.32 and a 1-year high of $155.84. The firm has a market capitalization of $22.63 billion, a price-to-earnings ratio of 46.43, a PEG ratio of 1.07 and a beta of 1.71. 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 business’s fifty day moving average price is $95.23 and its 200 day moving average price is $110.78.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, topping 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 last year, the business earned $0.56 earnings per share. On average, sell-side analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were paid 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 (DPR) is presently 11.72%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on VRT shares. Citigroup boosted their target price on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Evercore ISI cut their price objective on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, January 17th. 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 shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a report on Tuesday, January 28th. Finally, Morgan Stanley started coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective on the stock. Four equities 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, the stock has an average rating of “Moderate Buy” and an average target price 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.