TD Private Client Wealth LLC Has $42,000 Stake in Vertiv Holdings Co (NYSE:VRT)

TD Private Client Wealth LLC boosted its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 150.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 371 shares of the company’s stock after acquiring an additional 223 shares during the quarter. TD Private Client Wealth LLC’s holdings in Vertiv were worth $42,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of VRT. Fifth Third Bancorp boosted 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 acquiring an additional 84 shares in the last quarter. Accurate Wealth Management LLC boosted its holdings in Vertiv by 4.1% during the fourth quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company’s stock valued at $254,000 after purchasing an additional 87 shares in the last quarter. Tradewinds Capital Management LLC grew its stake in shares of 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 purchasing an additional 111 shares during the period. Bouvel Investment Partners LLC raised its holdings in shares of Vertiv by 1.1% in the 4th quarter. Bouvel Investment Partners LLC now owns 11,097 shares of the company’s stock worth $1,261,000 after buying an additional 117 shares in the last quarter. Finally, Petra Financial Advisors Inc. raised its holdings in shares of Vertiv by 2.2% in the 4th quarter. Petra Financial Advisors Inc. now owns 5,479 shares of the company’s stock worth $623,000 after buying an additional 119 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Melius cut Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research report on Tuesday, January 28th. Fox Advisors assumed coverage on shares of Vertiv in a research report on Monday, January 6th. They set an “equal weight” rating for the company. Morgan Stanley began coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price target on the stock. Melius Research reaffirmed a “hold” rating and set a $125.00 price objective on shares of Vertiv in a report on Tuesday, January 28th. Finally, Royal Bank of Canada initiated coverage on Vertiv in a report on Friday, March 7th. They issued an “outperform” rating and a $121.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.07.

Vertiv Stock Performance

VRT stock opened at $91.55 on Wednesday. Vertiv Holdings Co has a twelve month low of $62.40 and a twelve month high of $155.84. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The company has a market cap of $34.86 billion, a P/E ratio of 71.52, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The business’s fifty day moving average is $106.11 and its 200-day moving average is $111.68.

Vertiv (NYSE:VRT) last issued its earnings results 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 quarter in the previous year, the company earned $0.56 EPS. Equities research analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th will be paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.16%. The ex-dividend date 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.