Vertiv Holdings Co (NYSE:VRT) Shares Bought by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. lifted its holdings in Vertiv Holdings Co (NYSE:VRT) by 6.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 69,503 shares of the company’s stock after acquiring an additional 4,382 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Vertiv were worth $7,896,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in VRT. SOA Wealth Advisors LLC. acquired a new position in shares of Vertiv in the 4th quarter worth approximately $26,000. Mark Sheptoff Financial Planning LLC boosted its holdings 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 buying an additional 200 shares during the period. Brooklyn Investment Group acquired a new position in shares of Vertiv in the third quarter worth about $30,000. OLD Second National Bank of Aurora acquired a new position in shares of Vertiv in the fourth quarter worth about $30,000. Finally, Tradewinds Capital Management LLC boosted its holdings in shares of Vertiv by 61.3% in the fourth 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. Institutional investors and hedge funds own 89.92% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on VRT shares. Evercore ISI decreased their target price on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Citigroup raised their target price on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Morgan Stanley began coverage on shares of Vertiv in a report on Monday, January 6th. They issued an “overweight” rating and a $150.00 target price for the company. Barclays decreased their price target on shares of 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 Research restated a “hold” rating and set a $125.00 price target on shares of Vertiv in a report on Tuesday, January 28th. Four 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 has a consensus rating of “Moderate Buy” and an average price target of $136.07.

Vertiv Price Performance

NYSE VRT opened at $89.07 on Friday. 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 has a market capitalization of $33.92 billion, a PE ratio of 69.59, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The company has a 50 day moving average price of $108.26 and a two-hundred day moving average price of $110.87. Vertiv Holdings Co has a 12-month low of $62.40 and a 12-month high of $155.84.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the company earned $0.56 EPS. As a group, equities analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

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