New Age Alpha Advisors LLC Raises Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

New Age Alpha Advisors LLC boosted its position in shares of Vertiv Holdings Co (NYSE:VRT) by 20.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 30,000 shares of the company’s stock after acquiring an additional 5,100 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Vertiv were worth $3,408,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. SOA Wealth Advisors LLC. bought a new position in shares of Vertiv during the fourth quarter valued at about $26,000. Brooklyn Investment Group bought a new position in Vertiv during the 3rd quarter valued at approximately $30,000. Mark Sheptoff Financial Planning LLC raised its position in Vertiv by 200.0% during 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 during the last quarter. OLD Second National Bank of Aurora purchased a new stake in Vertiv in the 4th quarter worth approximately $30,000. Finally, Tradewinds Capital Management LLC grew its position in shares of 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 last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on VRT shares. Melius downgraded Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a report on Tuesday, January 28th. Royal Bank of Canada started coverage on shares of Vertiv in a report on Friday, March 7th. They issued an “outperform” rating and a $121.00 price objective for the company. Barclays reduced their price target on shares of Vertiv from $111.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Citigroup raised their price objective on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Finally, Evercore ISI reduced their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $135.33.

Vertiv Trading Down 2.6 %

NYSE VRT opened at $74.32 on Friday. The stock’s fifty day moving average price is $102.74 and its 200-day moving average price is $111.23. 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 market cap of $28.30 billion, a P/E ratio of 58.06, a P/E/G ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a 12 month low of $62.40 and a 12 month high of $155.84.

Vertiv (NYSE:VRT) last released 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 net margin of 6.19% and a return on equity of 61.41%. During the same quarter last year, the company posted $0.56 earnings per share. As a group, equities analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were given a $0.0375 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.20%. Vertiv’s dividend payout ratio (DPR) is presently 11.72%.

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.