Glass Jacobson Investment Advisors llc Has $242,000 Holdings in Vertiv Holdings Co (NYSE:VRT)

Glass Jacobson Investment Advisors llc lowered its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 9.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 2,132 shares of the company’s stock after selling 229 shares during the period. Glass Jacobson Investment Advisors llc’s holdings in Vertiv were worth $242,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Silverleafe Capital Partners LLC purchased a new position in Vertiv during the fourth quarter worth about $4,219,000. Foundations Investment Advisors LLC boosted its stake 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 buying an additional 13,559 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Vertiv by 67.0% in the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock valued at $1,043,000 after acquiring an additional 3,682 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Vertiv by 3,417.9% during the fourth quarter. Nordea Investment Management AB now owns 964,104 shares of the company’s stock valued at $110,544,000 after acquiring an additional 936,698 shares during the last quarter. Finally, Register Financial Advisors LLC bought a new stake in Vertiv during the fourth quarter worth $217,000. 89.92% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on VRT shares. Fox Advisors began coverage on shares of Vertiv in a report on Monday, January 6th. They issued an “equal weight” rating on the stock. Melius Research reissued a “hold” rating and set a $125.00 target price on shares of Vertiv in a research report on Tuesday, January 28th. JPMorgan Chase & Co. decreased their price target on shares of Vertiv from $132.00 to $100.00 and set an “overweight” rating for the company in a research note on Tuesday. Roth Capital upgraded Vertiv to a “strong-buy” rating in a research note on Monday, April 7th. Finally, Royal Bank of Canada began coverage on Vertiv in a research report on Friday, March 7th. They issued an “outperform” rating and a $121.00 target price for the company. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Vertiv presently has a consensus rating of “Moderate Buy” and an average price target of $125.50.

Vertiv Trading Up 2.4 %

Shares of Vertiv stock opened at $69.39 on Friday. The company’s 50-day moving average price is $89.17 and its 200-day moving average price is $109.50. The company has a market cap of $26.42 billion, a price-to-earnings ratio of 54.21, a PEG ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a 12-month low of $53.60 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 announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating the consensus estimate 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 period in the prior year, the business posted $0.56 earnings per share. On average, equities analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.22%. The ex-dividend date was Tuesday, March 18th. Vertiv’s payout ratio is 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.