Independent Advisor Alliance Acquires 3,868 Shares of Vertiv Holdings Co (NYSE:VRT)

Independent Advisor Alliance lifted its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 5.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,611 shares of the company’s stock after purchasing an additional 3,868 shares during the period. Independent Advisor Alliance’s holdings in Vertiv were worth $8,136,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Daiwa Securities Group Inc. boosted its position in shares of Vertiv by 9.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 95,947 shares of the company’s stock valued at $10,900,000 after purchasing an additional 8,491 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Vertiv by 0.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 915,775 shares of the company’s stock valued at $104,041,000 after purchasing an additional 7,524 shares in the last quarter. Sound View Wealth Advisors Group LLC bought a new stake in shares of Vertiv during the 4th quarter valued at about $1,218,000. AlphaQuest LLC boosted its position in shares of Vertiv by 98.2% during the 4th quarter. AlphaQuest LLC now owns 2,793 shares of the company’s stock valued at $317,000 after purchasing an additional 1,384 shares in the last quarter. Finally, Argentarii LLC bought a new stake in shares of Vertiv during the 4th quarter valued at about $298,000. Institutional investors own 89.92% of the company’s stock.

Vertiv Stock Performance

Shares of Vertiv stock opened at $77.89 on Tuesday. The company has a market cap of $29.66 billion, a PE ratio of 60.85, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a 52 week low of $62.40 and a 52 week high of $155.84. The business has a 50 day moving average price of $114.33 and a 200-day moving average price of $110.95. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 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 period in the prior year, the firm earned $0.56 earnings per share. Equities analysts anticipate 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. Investors 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 0.19%. The ex-dividend date of this dividend is Tuesday, March 18th. Vertiv’s payout ratio is 11.72%.

Wall Street Analysts Forecast Growth

VRT has been the topic of several research analyst reports. UBS Group assumed coverage on Vertiv in a research report on Wednesday, November 13th. They set a “buy” rating and a $155.00 target price on the stock. Citigroup increased their price target on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Morgan Stanley assumed coverage on Vertiv in a report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price target on the stock. Evercore ISI cut their price target on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Finally, Barclays cut their price target on Vertiv from $131.00 to $111.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. Four investment 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 stock currently has an average rating of “Moderate Buy” and a consensus price target of $136.07.

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.