Sierra Summit Advisors LLC Buys 18,596 Shares of Vertiv Holdings Co (NYSE:VRT)

Sierra Summit Advisors LLC increased its position in Vertiv Holdings Co (NYSE:VRT) by 24.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,136 shares of the company’s stock after acquiring an additional 18,596 shares during the quarter. Vertiv comprises approximately 2.1% of Sierra Summit Advisors LLC’s holdings, making the stock its 17th biggest position. Sierra Summit Advisors LLC’s holdings in Vertiv were worth $10,581,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

VRT has been the subject of several research reports. Melius Research reissued a “hold” rating and set a $125.00 price objective on shares of Vertiv in a report on Tuesday, January 28th. Barclays dropped their price target on Vertiv from $100.00 to $90.00 and set an “equal weight” rating for the company in a research note on Friday. Royal Bank of Canada initiated coverage on Vertiv in a research note on Friday, March 7th. They issued an “outperform” rating and a $121.00 price objective on the stock. Morgan Stanley started coverage on Vertiv in a research report on Monday, January 6th. They set an “overweight” rating and a $150.00 target price for the company. Finally, Citigroup boosted their price target on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $134.67.

Vertiv Trading Down 11.9 %

VRT opened at $59.42 on Monday. 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 stock’s 50 day moving average price is $95.23 and its 200-day moving average price is $111.10. Vertiv Holdings Co has a one year low of $51.42 and a one year high of $155.84. The stock has a market cap of $22.63 billion, a price-to-earnings ratio of 46.43, a P/E/G ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating 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 posted $0.56 EPS. On average, equities analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were given a $0.0375 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.25%. Vertiv’s dividend payout ratio (DPR) 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.