Dnca Finance Raises Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Dnca Finance raised its position in shares of Vertiv Holdings Co (NYSE:VRT) by 125.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,500 shares of the company’s stock after buying an additional 22,000 shares during the period. Dnca Finance’s holdings in Vertiv were worth $4,488,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in VRT. Barclays PLC boosted its holdings in shares of Vertiv by 51.4% during the third quarter. Barclays PLC now owns 431,586 shares of the company’s stock worth $42,940,000 after purchasing an additional 146,463 shares during the period. World Investment Advisors LLC bought a new position in Vertiv during the 3rd quarter valued at approximately $1,230,000. Wilmington Savings Fund Society FSB purchased a new stake in Vertiv in the 3rd quarter worth approximately $584,000. Blankinship & Foster LLC bought a new stake in shares of Vertiv in the 3rd quarter worth approximately $8,798,000. Finally, B. Riley Wealth Advisors Inc. increased its stake in shares of Vertiv by 18.6% during the third quarter. B. Riley Wealth Advisors Inc. now owns 6,502 shares of the company’s stock valued at $660,000 after buying an additional 1,021 shares during the period. Institutional investors own 89.92% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on VRT shares. 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 target on the stock. Roth Capital upgraded shares of Vertiv to a “strong-buy” rating in a research report on Monday, April 7th. Barclays decreased their price target 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, April 4th. Evercore ISI cut their price objective on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Finally, JPMorgan Chase & Co. decreased their target price on Vertiv from $132.00 to $100.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $121.94.

Vertiv Stock Up 2.2 %

Shares of Vertiv stock opened at $73.24 on Friday. The company has a 50-day simple moving average of $84.24 and a two-hundred day simple moving average of $108.51. The stock has a market capitalization of $27.89 billion, a PE ratio of 57.22, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a 52-week low of $53.60 and a 52-week high of $155.84. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65.

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

Vertiv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders 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 dividend yield of 0.20%. The ex-dividend date was Tuesday, March 18th. Vertiv’s payout ratio is presently 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.