FineMark National Bank & Trust Acquires New Position in Vertiv Holdings Co (NYSE:VRT)

FineMark National Bank & Trust bought a new position in shares of Vertiv Holdings Co (NYSE:VRT) during the 4th quarter, HoldingsChannel.com reports. The fund bought 2,640 shares of the company’s stock, valued at approximately $300,000.

Other large investors also recently bought and sold shares of the company. SOA Wealth Advisors LLC. acquired a new stake in shares of Vertiv during the fourth quarter worth $26,000. OLD Second National Bank of Aurora acquired a new stake in Vertiv during the 4th quarter worth about $30,000. Tradewinds Capital Management LLC grew its stake in Vertiv by 61.3% during the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after purchasing an additional 111 shares during the last quarter. Mark Sheptoff Financial Planning LLC increased its holdings in shares of Vertiv by 200.0% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after purchasing an additional 200 shares during the period. Finally, FNY Investment Advisers LLC purchased a new position in shares of Vertiv in the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Price Performance

Vertiv 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 company’s fifty day moving average price is $105.10 and its 200 day moving average price is $111.48. The stock has a market capitalization of $31.12 billion, a P/E ratio of 63.85, a P/E/G 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 released its earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates 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 previous year, the company earned $0.56 earnings per share. As a group, equities research analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be paid 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 is Tuesday, March 18th. Vertiv’s dividend payout ratio is presently 11.72%.

Wall Street Analysts Forecast Growth

VRT has been the topic of a number of recent research reports. Morgan Stanley assumed 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. Fox Advisors assumed coverage on shares of Vertiv in a report on Monday, January 6th. They set an “equal weight” rating for the company. Barclays lowered their price target on shares of Vertiv from $111.00 to $100.00 and set an “equal weight” rating on the stock in a report on Wednesday. Citigroup lifted their price objective on Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, Melius downgraded Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a research note on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.33.

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.