Situational Awareness LP Invests $51.71 Million in Vertiv Holdings Co (NYSE:VRT)

Situational Awareness LP bought a new stake in Vertiv Holdings Co (NYSE:VRT) during the fourth quarter, HoldingsChannel reports. The fund bought 455,146 shares of the company’s stock, valued at approximately $51,709,000. Vertiv makes up about 20.3% of Situational Awareness LP’s investment portfolio, making the stock its 3rd largest position.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SOA Wealth Advisors LLC. acquired a new stake in Vertiv during the 4th quarter valued at approximately $26,000. Mark Sheptoff Financial Planning LLC raised its holdings in shares of Vertiv by 200.0% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares during the last quarter. Brooklyn Investment Group acquired a new position in Vertiv during the third quarter valued at $30,000. OLD Second National Bank of Aurora purchased a new stake in shares of Vertiv in the fourth quarter worth about $30,000. Finally, Tradewinds Capital Management LLC boosted its position in Vertiv by 61.3% in the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after purchasing an additional 111 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Stock Down 2.3 %

Shares of NYSE:VRT opened at $91.55 on Wednesday. The firm has a market capitalization of $34.86 billion, a PE ratio of 71.52, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a 1 year low of $62.40 and a 1 year high of $155.84. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The firm’s 50-day moving average is $106.11 and its two-hundred day moving average is $111.68.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share 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 quarter in the prior year, the company posted $0.56 EPS. Analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

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 issued a $0.0375 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a yield of 0.16%. Vertiv’s dividend payout ratio (DPR) is presently 11.72%.

Wall Street Analysts Forecast Growth

VRT has been the subject of a number of recent analyst reports. Morgan Stanley started coverage on shares of Vertiv in a report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective for the company. Melius cut 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. Barclays dropped their price objective on Vertiv from $131.00 to $111.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. Citigroup upped their target price on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Finally, Royal Bank of Canada started coverage on shares of Vertiv in a research note on Friday, March 7th. They issued an “outperform” rating and a $121.00 price target on the stock. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Vertiv has an average rating of “Moderate Buy” and a consensus target price 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.