Orion Portfolio Solutions LLC Trims Position in Vertiv Holdings Co (NYSE:VRT)

Orion Portfolio Solutions LLC decreased its holdings in Vertiv Holdings Co (NYSE:VRT) by 2.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 18,202 shares of the company’s stock after selling 463 shares during the period. Orion Portfolio Solutions LLC’s holdings in Vertiv were worth $2,068,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in VRT. Nomura Asset Management Co. Ltd. grew its holdings in shares of Vertiv by 8.1% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 303,717 shares of the company’s stock worth $34,505,000 after acquiring an additional 22,733 shares during the period. New Age Alpha Advisors LLC raised its holdings in Vertiv by 20.5% in the fourth quarter. New Age Alpha Advisors LLC now owns 30,000 shares of the company’s stock worth $3,408,000 after purchasing an additional 5,100 shares in the last quarter. Norges Bank purchased a new position in Vertiv during the fourth quarter valued at $391,777,000. Blair William & Co. IL boosted its holdings in shares of Vertiv by 979.8% during the 4th quarter. Blair William & Co. IL now owns 74,158 shares of the company’s stock valued at $8,425,000 after buying an additional 67,290 shares in the last quarter. Finally, NEOS Investment Management LLC purchased a new stake in shares of Vertiv in the 4th quarter worth about $539,000. Institutional investors own 89.92% of the company’s stock.

Vertiv Stock Up 2.6 %

Shares of Vertiv stock opened at $77.23 on Thursday. Vertiv Holdings Co has a twelve month low of $62.40 and a twelve month high of $155.84. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The company’s 50 day moving average is $98.69 and its 200 day moving average is $111.27. The company has a market cap of $29.41 billion, a price-to-earnings ratio of 60.34, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share 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 quarter in the previous year, the business posted $0.56 EPS. Research analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.19%. The ex-dividend date was Tuesday, March 18th. Vertiv’s payout ratio is currently 11.72%.

Analysts Set New Price Targets

VRT has been the subject of a number of recent research reports. Barclays lowered their price target on shares of Vertiv from $111.00 to $100.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 26th. Melius downgraded Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research note on Tuesday, January 28th. Fox Advisors assumed coverage on Vertiv in a research note on Monday, January 6th. They set an “equal weight” rating for the company. Citigroup increased 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 began coverage on Vertiv in a research report on Friday, March 7th. They issued an “outperform” rating and a $121.00 price target for the company. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $135.33.

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.