SPX Gestao de Recursos Ltda Acquires New Position in Vertiv Holdings Co (NYSE:VRT)

SPX Gestao de Recursos Ltda acquired a new stake in shares of Vertiv Holdings Co (NYSE:VRT) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 190,000 shares of the company’s stock, valued at approximately $21,586,000. Vertiv comprises about 3.2% of SPX Gestao de Recursos Ltda’s investment portfolio, making the stock its 9th biggest position. SPX Gestao de Recursos Ltda owned about 0.05% of Vertiv at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of VRT. SOA Wealth Advisors LLC. purchased a new stake in Vertiv during the 4th quarter valued at about $26,000. Mark Sheptoff Financial Planning LLC grew its position in Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after purchasing an additional 200 shares during the last quarter. Brooklyn Investment Group purchased a new stake in Vertiv during the 3rd quarter valued at about $30,000. OLD Second National Bank of Aurora purchased a new stake in shares of Vertiv during the 4th quarter valued at about $30,000. Finally, Tradewinds Capital Management LLC boosted its holdings in shares of 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 acquiring an additional 111 shares during the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on VRT. Mizuho raised their price target on shares of Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Morgan Stanley began coverage on shares of Vertiv in a report on Monday, January 6th. They set an “overweight” rating and a $150.00 price target on the stock. JPMorgan Chase & Co. raised their price target on shares of Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. Oppenheimer raised their price target on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Finally, Barclays dropped their price target on shares of Vertiv from $131.00 to $111.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $136.07.

Vertiv Price Performance

VRT stock opened at $77.89 on Tuesday. Vertiv Holdings Co has a one year low of $62.40 and a one year high of $155.84. The company’s fifty day moving average price is $114.33 and its 200-day moving average price is $110.95. 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 company has a market capitalization 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 (NYSE:VRT) last released its earnings results 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 net margin of 6.19% and a return on equity of 61.41%. During the same period in the prior year, the firm earned $0.56 EPS. On average, equities analysts anticipate that Vertiv Holdings Co will post 3.59 EPS 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 paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date of this dividend is Tuesday, March 18th. Vertiv’s payout ratio is 11.72%.

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.