Zions Bancorporation N.A. Makes New $113,000 Investment in Vertiv Holdings Co (NYSE:VRT)

Zions Bancorporation N.A. acquired a new stake in shares of Vertiv Holdings Co (NYSE:VRT) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 995 shares of the company’s stock, valued at approximately $113,000.

A number of other institutional investors have also recently made changes to their positions in VRT. Fifth Third Bancorp raised its stake in Vertiv by 8.1% in the fourth quarter. Fifth Third Bancorp now owns 1,126 shares of the company’s stock valued at $128,000 after buying an additional 84 shares during the last quarter. Accurate Wealth Management LLC raised its position in shares of Vertiv by 4.1% in the 4th quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company’s stock valued at $254,000 after purchasing an additional 87 shares during the last quarter. Tradewinds Capital Management LLC raised 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 valued at $33,000 after purchasing an additional 111 shares during the last quarter. Bouvel Investment Partners LLC grew its position in Vertiv by 1.1% during the 4th quarter. Bouvel Investment Partners LLC now owns 11,097 shares of the company’s stock worth $1,261,000 after purchasing an additional 117 shares during the last quarter. Finally, Petra Financial Advisors Inc. increased its stake in Vertiv by 2.2% during the 4th quarter. Petra Financial Advisors Inc. now owns 5,479 shares of the company’s stock valued at $623,000 after purchasing an additional 119 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Price Performance

NYSE:VRT opened at $81.73 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. Vertiv Holdings Co has a 52 week low of $62.40 and a 52 week high of $155.84. The stock’s 50-day moving average price is $105.10 and its 200-day moving average price is $111.48. The stock has a market capitalization of $31.12 billion, a PE ratio of 63.85, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 EPS 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. As a group, equities analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be given a $0.0375 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.18%. Vertiv’s dividend payout ratio (DPR) is 11.72%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on VRT. Evercore ISI lowered their price objective on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Fox Advisors started coverage on Vertiv in a research note on Monday, January 6th. They set an “equal weight” rating on the stock. Morgan Stanley assumed coverage on Vertiv in a report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective on the stock. Citigroup lifted their target price on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Finally, Barclays cut their price target on shares of Vertiv from $111.00 to $100.00 and set an “equal weight” rating on the stock in a report on Wednesday. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $135.33.

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.