Benchmark Investment Advisors LLC Acquires New Stake in Vertiv Holdings Co (NYSE:VRT)

Benchmark Investment Advisors LLC acquired a new position in Vertiv Holdings Co (NYSE:VRT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 4,209 shares of the company’s stock, valued at approximately $478,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Aster Capital Management DIFC Ltd bought a new position in shares of Vertiv in the fourth quarter worth about $230,000. Federated Hermes Inc. increased its stake in Vertiv by 61.7% in the 4th quarter. Federated Hermes Inc. now owns 1,874,256 shares of the company’s stock worth $212,946,000 after acquiring an additional 715,212 shares during the last quarter. Titleist Asset Management LLC purchased a new stake in Vertiv during the fourth quarter valued at $209,000. MIG Capital LLC purchased a new position in Vertiv in the fourth quarter worth about $330,000. Finally, Old West Investment Management LLC lifted its stake in shares of Vertiv by 15.1% in the 4th quarter. Old West Investment Management LLC now owns 32,665 shares of the company’s stock valued at $3,711,000 after purchasing an additional 4,293 shares during the last quarter. 89.92% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

VRT has been the topic of several recent research reports. Melius lowered Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a report on Tuesday, January 28th. Morgan Stanley initiated coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 target price on the stock. Royal Bank of Canada assumed coverage on shares of Vertiv in a report on Friday, March 7th. They issued an “outperform” rating and a $121.00 target price for the company. Melius Research reissued a “hold” rating and issued a $125.00 price objective on shares of Vertiv in a research report on Tuesday, January 28th. Finally, Barclays decreased their price objective on shares of Vertiv from $100.00 to $90.00 and set an “equal weight” rating for the company in a research note on Friday. Four investment 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, Vertiv currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.67.

Vertiv Stock Down 11.9 %

Shares of VRT opened at $59.42 on Friday. Vertiv Holdings Co has a fifty-two week low of $55.32 and a fifty-two week high of $155.84. The company’s fifty day moving average is $95.23 and its two-hundred day moving average is $110.94. The firm has a market cap of $22.63 billion, a PE ratio of 46.43, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT) last released its earnings results 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 quarter in the previous year, the company posted $0.56 earnings per share. Analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date was Tuesday, March 18th. Vertiv’s payout ratio is 11.72%.

About Vertiv

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.