Horizon Kinetics Asset Management LLC Increases Stock Position in Vertiv Holdings Co (NYSE:VRT)

Horizon Kinetics Asset Management LLC lifted its stake in Vertiv Holdings Co (NYSE:VRT) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,670 shares of the company’s stock after purchasing an additional 340 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in Vertiv were worth $1,780,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Silverleafe Capital Partners LLC purchased a new position in shares of Vertiv in the 4th quarter worth about $4,219,000. Foundations Investment Advisors LLC raised its position in shares of Vertiv by 7.9% in the 4th quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock worth $21,076,000 after purchasing an additional 13,559 shares during the last quarter. Empowered Funds LLC increased its holdings in Vertiv by 67.0% in the 4th quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock worth $1,043,000 after buying an additional 3,682 shares in the last quarter. Gordian Capital Singapore Pte Ltd increased its holdings in Vertiv by 112.5% in the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company’s stock worth $846,000 after buying an additional 4,500 shares in the last quarter. Finally, Nordea Investment Management AB increased its holdings in Vertiv by 3,417.9% in the 4th quarter. Nordea Investment Management AB now owns 964,104 shares of the company’s stock worth $110,544,000 after buying an additional 936,698 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Trading Up 1.8 %

Vertiv stock opened at $89.01 on Tuesday. The firm has a 50 day moving average of $110.79 and a 200 day moving average of $111.17. The firm has a market capitalization of $33.89 billion, a price-to-earnings ratio of 69.54, 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. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19.

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 the consensus estimate 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 prior year, the business posted $0.56 earnings per share. As a group, research analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th will be paid a $0.0375 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.17%. Vertiv’s payout ratio is 11.72%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Melius Research reiterated a “hold” rating and issued a $125.00 price objective on shares of Vertiv in a report on Tuesday, January 28th. Barclays reduced 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. Royal Bank of Canada assumed coverage on Vertiv in a report on Friday, March 7th. They issued an “outperform” rating and a $121.00 price objective for the company. Evercore ISI reduced their price objective on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Finally, Morgan Stanley initiated coverage on Vertiv in a report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Vertiv currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.07.

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.