AGF Management Ltd. Purchases 71,132 Shares of Vertiv Holdings Co (NYSE:VRT)

AGF Management Ltd. grew its position in Vertiv Holdings Co (NYSE:VRT) by 26.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 338,004 shares of the company’s stock after purchasing an additional 71,132 shares during the quarter. AGF Management Ltd. owned approximately 0.09% of Vertiv worth $38,401,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. SOA Wealth Advisors LLC. acquired a new stake in Vertiv during the fourth quarter worth $26,000. Mark Sheptoff Financial Planning LLC boosted its stake in shares of 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 purchasing an additional 200 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Vertiv in the 3rd quarter valued at $30,000. OLD Second National Bank of Aurora acquired a new stake in shares of Vertiv in the 4th quarter valued at $30,000. Finally, Tradewinds Capital Management LLC lifted its position in Vertiv by 61.3% during 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 in the last quarter. Institutional investors own 89.92% of the company’s stock.

Vertiv Price Performance

VRT opened at $83.06 on Wednesday. Vertiv Holdings Co has a 1 year low of $62.40 and a 1 year high of $155.84. The stock has a 50-day moving average price of $113.71 and a 200-day moving average price of $110.98. The firm has a market cap of $31.63 billion, a PE ratio of 64.89, a P/E/G ratio of 1.07 and a beta of 1.71. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 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 firm posted $0.56 EPS. Sell-side analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th will be given a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.18%. The ex-dividend date is Tuesday, March 18th. Vertiv’s dividend payout ratio (DPR) is presently 11.72%.

Analyst Ratings Changes

Several analysts have weighed in on the company. 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 objective for the company. Fox Advisors started coverage on Vertiv in a research note on Monday, January 6th. They set an “equal weight” rating for the company. TD Cowen upped their price target on Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Barclays cut their price objective on Vertiv from $131.00 to $111.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Finally, Melius cut Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research note on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.07.

About Vertiv

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.