OFI Invest Asset Management Invests $226,000 in Vertiv Holdings Co (NYSE:VRT)

OFI Invest Asset Management acquired a new stake in shares of Vertiv Holdings Co (NYSE:VRT) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,058 shares of the company’s stock, valued at approximately $226,000.

Other hedge funds have also recently made changes to their positions in the company. SOA Wealth Advisors LLC. purchased a new position in shares of Vertiv during the fourth quarter valued at approximately $26,000. OLD Second National Bank of Aurora purchased a new position in shares of Vertiv during the fourth quarter valued at approximately $30,000. Tradewinds Capital Management LLC raised its holdings in shares of Vertiv by 61.3% during the fourth 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. Mark Sheptoff Financial Planning LLC increased its holdings in 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 last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in Vertiv during the fourth quarter valued at approximately $34,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Price Performance

Shares of NYSE:VRT opened at $77.89 on Tuesday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The firm has a fifty day moving average price of $114.33 and a 200 day moving average price of $110.95. Vertiv Holdings Co has a fifty-two week low of $62.40 and a fifty-two week high of $155.84. The firm has a market cap of $29.66 billion, a price-to-earnings ratio of 60.85, a P/E/G ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last issued its 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 net margin of 6.19% and a return on equity of 61.41%. During the same quarter last year, the business earned $0.56 earnings per share. As a group, sell-side analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 18th will be given a dividend of $0.0375 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.19%. Vertiv’s dividend payout ratio is 11.72%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on VRT. JPMorgan Chase & Co. upped their target price on shares of Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. Melius cut shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a report on Tuesday, January 28th. UBS Group began coverage on shares of Vertiv in a report on Wednesday, November 13th. They set a “buy” rating and a $155.00 target price for the company. Melius Research reaffirmed a “hold” rating and set a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. Finally, Morgan Stanley began coverage on shares of Vertiv in a report on Monday, January 6th. They set an “overweight” rating and a $150.00 target price for the company. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Vertiv currently has an average rating of “Moderate Buy” and a consensus price target of $136.07.

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.