2,696 Shares in Vertiv Holdings Co (NYSE:VRT) Purchased by Banco BTG Pactual S.A.

Banco BTG Pactual S.A. acquired a new stake in shares of Vertiv Holdings Co (NYSE:VRT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,696 shares of the company’s stock, valued at approximately $319,000.

A number of other hedge funds also recently added to or reduced their stakes in VRT. Cerity Partners LLC raised its stake in shares of Vertiv by 25.5% during the third quarter. Cerity Partners LLC now owns 44,729 shares of the company’s stock worth $4,450,000 after purchasing an additional 9,086 shares during the last quarter. Algert Global LLC acquired a new position in Vertiv in the 3rd quarter valued at $518,000. Larson Financial Group LLC raised its position in Vertiv by 232.9% during the 3rd quarter. Larson Financial Group LLC now owns 839 shares of the company’s stock worth $83,000 after buying an additional 587 shares during the last quarter. Centaurus Financial Inc. acquired a new stake in shares of Vertiv in the 3rd quarter worth $405,000. Finally, Private Trust Co. NA boosted its holdings in shares of Vertiv by 25.0% in the third quarter. Private Trust Co. NA now owns 2,202 shares of the company’s stock valued at $219,000 after acquiring an additional 440 shares in the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on VRT shares. Evercore ISI reduced their price objective on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Citigroup raised their price target on Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 9th. Morgan Stanley assumed coverage on Vertiv in a report on Monday, January 6th. They set an “overweight” rating and a $150.00 price objective on the stock. Melius Research reissued a “hold” rating and issued a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. Finally, Royal Bank of Canada started coverage on shares of Vertiv in a research note on Friday, March 7th. They set an “outperform” rating and a $121.00 price target on the stock. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Vertiv presently has an average rating of “Moderate Buy” and a consensus target price of $135.33.

Vertiv Price Performance

VRT stock opened at $81.73 on Thursday. 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 $105.10 and its 200 day moving average price is $111.48. The firm has a market cap of $31.12 billion, a P/E ratio of 63.85, a PEG 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.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates 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 last year, the company earned $0.56 EPS. On average, sell-side analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be given a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date of this dividend is Tuesday, March 18th. Vertiv’s dividend payout ratio is presently 11.72%.

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.