Harvest Fund Management Co. Ltd Has $5.17 Million Stock Position in Vertiv Holdings Co (NYSE:VRT)

Harvest Fund Management Co. Ltd increased its position in shares of Vertiv Holdings Co (NYSE:VRT) by 28.9% in the fourth quarter, HoldingsChannel reports. The firm owned 45,462 shares of the company’s stock after purchasing an additional 10,186 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Vertiv were worth $5,167,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in VRT. SOA Wealth Advisors LLC. acquired a new stake in Vertiv in the 4th quarter valued at about $26,000. OLD Second National Bank of Aurora acquired a new stake in Vertiv in the 4th quarter valued at about $30,000. Tradewinds Capital Management LLC increased its position in Vertiv by 61.3% in the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after acquiring an additional 111 shares in the last quarter. Mark Sheptoff Financial Planning LLC increased its position in Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after acquiring an additional 200 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new stake in Vertiv in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on VRT. The Goldman Sachs Group raised their price objective on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Evercore ISI lowered 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. Oppenheimer raised their price objective on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Barclays reduced their target price on shares of Vertiv from $131.00 to $111.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. Finally, Melius Research reaffirmed a “hold” rating and issued a $125.00 target price on shares of Vertiv in a research note on Tuesday, January 28th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $136.07.

Vertiv Stock Performance

Shares of Vertiv stock opened at $84.65 on Wednesday. The company has a market capitalization of $32.23 billion, a PE ratio of 66.13, a PEG ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a 12 month low of $62.40 and a 12 month high of $155.84. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The stock’s fifty day simple moving average is $109.87 and its 200 day simple moving average is $111.18.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping 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 prior year, the firm posted $0.56 EPS. On average, research analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 18th will be paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.18%. The ex-dividend date of this dividend is 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.