Vertiv Holdings Co (NYSE:VRT) Shares Purchased by Edgemoor Investment Advisors Inc.

Edgemoor Investment Advisors Inc. boosted its holdings in Vertiv Holdings Co (NYSE:VRT) by 14.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 33,841 shares of the company’s stock after buying an additional 4,359 shares during the quarter. Edgemoor Investment Advisors Inc.’s holdings in Vertiv were worth $3,845,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Horizon Kinetics Asset Management LLC grew its position in Vertiv by 2.2% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 15,670 shares of the company’s stock worth $1,780,000 after buying an additional 340 shares during the last quarter. Counterpoint Mutual Funds LLC boosted its stake in Vertiv by 70.9% in the 4th quarter. Counterpoint Mutual Funds LLC now owns 3,479 shares of the company’s stock worth $395,000 after purchasing an additional 1,443 shares during the period. Signaturefd LLC boosted its stake in Vertiv by 7.6% in the 4th quarter. Signaturefd LLC now owns 7,068 shares of the company’s stock worth $803,000 after purchasing an additional 501 shares during the period. Parallel Advisors LLC boosted its stake in Vertiv by 42.4% in the 4th quarter. Parallel Advisors LLC now owns 4,829 shares of the company’s stock worth $549,000 after purchasing an additional 1,437 shares during the period. Finally, Creative Financial Designs Inc. ADV boosted its stake in Vertiv by 35.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,310 shares of the company’s stock worth $376,000 after purchasing an additional 870 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on VRT shares. The Goldman Sachs Group raised their price objective on shares of Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Oppenheimer raised their price objective on shares of Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Citigroup lifted their target price on shares of Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 9th. TD Cowen lifted their target price on shares of Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, Mizuho lifted their target price on shares of Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $136.07.

Vertiv Stock Up 5.3 %

VRT stock opened at $87.54 on Monday. The firm has a market cap of $33.33 billion, a PE ratio of 68.39, a PEG 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. 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 company has a fifty day simple moving average of $111.69 and a 200 day simple moving average of $111.10.

Vertiv (NYSE:VRT) last announced its earnings results 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 net margin of 6.19% and a return on equity of 61.41%. During the same period in the prior year, the firm posted $0.56 EPS. Sell-side analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 18th will be issued a $0.0375 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.17%. Vertiv’s dividend payout ratio (DPR) is presently 11.72%.

Vertiv 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.