Situational Awareness LP Makes New Investment in Vertiv Holdings Co (NYSE:VRT)

Situational Awareness LP acquired a new stake in shares of Vertiv Holdings Co (NYSE:VRT) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 455,146 shares of the company’s stock, valued at approximately $51,709,000. Vertiv accounts for about 20.3% of Situational Awareness LP’s portfolio, making the stock its 3rd largest holding. Situational Awareness LP owned about 0.12% of Vertiv as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. SOA Wealth Advisors LLC. purchased a new position in Vertiv during the fourth quarter valued at approximately $26,000. Mark Sheptoff Financial Planning LLC increased its stake 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 worth $30,000 after purchasing an additional 200 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of Vertiv during the 3rd quarter valued at $30,000. OLD Second National Bank of Aurora purchased a new position in shares of Vertiv during the 4th quarter valued at $30,000. Finally, Tradewinds Capital Management LLC boosted its holdings in Vertiv by 61.3% in the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after buying an additional 111 shares during the period. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on VRT shares. Royal Bank of Canada started coverage on Vertiv in a report on Friday, March 7th. They set an “outperform” rating and a $121.00 price target on the stock. Citigroup lifted their target price on Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Melius Research restated a “hold” rating and issued a $125.00 price target on shares of Vertiv in a research note on Tuesday, January 28th. Evercore ISI reduced their price objective on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Finally, Barclays lowered their target price on shares of Vertiv from $131.00 to $111.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Vertiv presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.07.

Vertiv Trading Down 2.3 %

VRT opened at $91.55 on Wednesday. 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 stock’s fifty day moving average is $106.11 and its two-hundred day moving average is $111.68. The company has a market capitalization of $34.86 billion, a P/E ratio of 71.52, a PEG ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a 52 week low of $62.40 and a 52 week high of $155.84.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, beating 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 previous year, the firm posted $0.56 EPS. Analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current 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 issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date of this dividend is Tuesday, March 18th. Vertiv’s dividend payout ratio is currently 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.