J. Safra Sarasin Holding AG Increases Position in Vertiv Holdings Co (NYSE:VRT)

J. Safra Sarasin Holding AG increased its holdings in Vertiv Holdings Co (NYSE:VRT) by 17.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,792 shares of the company’s stock after acquiring an additional 2,340 shares during the period. J. Safra Sarasin Holding AG’s holdings in Vertiv were worth $1,794,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Fifth Third Bancorp increased its position in shares of Vertiv by 8.1% during the 4th quarter. Fifth Third Bancorp now owns 1,126 shares of the company’s stock valued at $128,000 after purchasing an additional 84 shares during the last quarter. Prestige Wealth Management Group LLC grew its stake in shares of Vertiv by 2.4% during the 4th quarter. Prestige Wealth Management Group LLC now owns 3,695 shares of the company’s stock worth $420,000 after acquiring an additional 85 shares during the period. Accurate Wealth Management LLC increased its holdings in Vertiv by 4.1% in the 4th quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company’s stock worth $254,000 after acquiring an additional 87 shares during the last quarter. Horizon Investment Services LLC increased its holdings in Vertiv by 4.1% in the 4th quarter. Horizon Investment Services LLC now owns 2,410 shares of the company’s stock worth $274,000 after acquiring an additional 95 shares during the last quarter. Finally, Tradewinds Capital Management LLC raised its stake 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 during the period. 89.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on VRT shares. Melius Research reiterated a “hold” rating and issued a $125.00 target price on shares of Vertiv in a research note on Tuesday, January 28th. Roth Capital upgraded shares of Vertiv to a “strong-buy” rating in a research note on Monday, April 7th. Evercore ISI dropped their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Roth Mkm started coverage on Vertiv in a research note on Tuesday, April 8th. They set a “buy” rating and a $75.00 price objective on the stock. Finally, Barclays cut their target price on Vertiv from $100.00 to $90.00 and set an “equal weight” rating for the company in a research note on Friday, April 4th. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $121.94.

Vertiv Stock Up 6.3 %

Shares of NYSE:VRT opened at $71.83 on Wednesday. The firm has a market capitalization of $27.35 billion, a PE ratio of 56.12, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. 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 Holdings Co has a 52-week low of $53.60 and a 52-week high of $155.84. The firm has a fifty day moving average of $82.61 and a 200 day moving average of $108.08.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, topping 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 period in the previous year, the company posted $0.56 earnings per share. As a group, research analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were issued a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.21%. Vertiv’s payout ratio is 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.