EverSource Wealth Advisors LLC Trims Stake in Vertiv Holdings Co (NYSE:VRT)

EverSource Wealth Advisors LLC lowered its position in Vertiv Holdings Co (NYSE:VRT) by 39.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,419 shares of the company’s stock after selling 920 shares during the period. EverSource Wealth Advisors LLC’s holdings in Vertiv were worth $161,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in VRT. Sequoia Financial Advisors LLC lifted its position in Vertiv by 25.9% during the fourth quarter. Sequoia Financial Advisors LLC now owns 7,762 shares of the company’s stock valued at $882,000 after buying an additional 1,599 shares during the period. Moors & Cabot Inc. lifted its position in Vertiv by 8.5% during the 4th quarter. Moors & Cabot Inc. now owns 6,762 shares of the company’s stock valued at $768,000 after acquiring an additional 527 shares during the period. AGF Management Ltd. boosted its stake in Vertiv by 26.7% during the fourth quarter. AGF Management Ltd. now owns 338,004 shares of the company’s stock worth $38,401,000 after acquiring an additional 71,132 shares in the last quarter. SPX Gestao de Recursos Ltda purchased a new stake in Vertiv in the fourth quarter worth about $21,586,000. Finally, Clare Market Investments LLC bought a new position in shares of Vertiv during the fourth quarter valued at approximately $1,563,000. 89.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

VRT has been the topic of a number of analyst reports. Melius cut Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research report on Tuesday, January 28th. Evercore ISI cut their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Barclays reduced their price target on Vertiv from $131.00 to $111.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. JPMorgan Chase & Co. increased their price objective on shares of Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research report on Tuesday, November 19th. Finally, 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 target price for the company. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Vertiv has an average rating of “Moderate Buy” and a consensus target price of $136.07.

Vertiv Trading Up 1.8 %

Vertiv stock opened at $89.01 on Tuesday. The business has a 50-day simple moving average of $110.79 and a two-hundred day simple moving average of $111.17. Vertiv Holdings Co has a 52-week low of $62.40 and a 52-week high of $155.84. 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 company has a market cap of $33.89 billion, a P/E ratio of 69.54, a P/E/G 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 (EPS) 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 in the prior year, the business posted $0.56 earnings per share. Analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The business also recently disclosed 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 of this dividend is Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.17%. Vertiv’s dividend payout ratio (DPR) is presently 11.72%.

Vertiv 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.