iA Global Asset Management Inc. Grows Stock Position in Vertiv Holdings Co (NYSE:VRT)

iA Global Asset Management Inc. grew its position in Vertiv Holdings Co (NYSE:VRT) by 33.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,980 shares of the company’s stock after acquiring an additional 4,217 shares during the quarter. iA Global Asset Management Inc.’s holdings in Vertiv were worth $1,929,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in VRT. SOA Wealth Advisors LLC. purchased a new position in shares of Vertiv in the fourth quarter valued at approximately $26,000. Mark Sheptoff Financial Planning LLC lifted its position 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 valued at $30,000 after acquiring an additional 200 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of Vertiv in the third quarter valued at approximately $30,000. OLD Second National Bank of Aurora purchased a new position in shares of Vertiv in the fourth quarter valued at approximately $30,000. Finally, Tradewinds Capital Management LLC lifted its position in shares of Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after acquiring an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Analyst Ratings Changes

VRT has been the topic of a number of analyst reports. Melius Research reiterated a “hold” rating and set a $125.00 price objective on shares of Vertiv in a research report on Tuesday, January 28th. Barclays reduced their price objective on Vertiv from $131.00 to $111.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. Fox Advisors initiated coverage on Vertiv in a research report on Monday, January 6th. They set an “equal weight” rating on the stock. Citigroup lifted their price objective on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Finally, Morgan Stanley assumed coverage on Vertiv in a research report on Monday, January 6th. They set an “overweight” rating and a $150.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $136.07.

Vertiv Trading Down 0.6 %

Shares of NYSE VRT opened at $88.58 on Friday. Vertiv Holdings Co has a twelve month low of $62.40 and a twelve month 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 stock has a fifty day simple moving average of $107.46 and a 200-day simple moving average of $110.91. The stock has a market capitalization of $33.73 billion, a PE ratio of 69.20, a PEG ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, beating 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 earned $0.56 earnings per share. On average, equities analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

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