LaSalle St. Investment Advisors LLC Acquires Shares of 2,581 Vertiv Holdings Co (NYSE:VRT)

LaSalle St. Investment Advisors LLC bought a new position in Vertiv Holdings Co (NYSE:VRT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,581 shares of the company’s stock, valued at approximately $293,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. SOA Wealth Advisors LLC. acquired a new stake in Vertiv in the fourth quarter valued at about $26,000. OLD Second National Bank of Aurora acquired a new stake in shares of Vertiv in the 4th quarter valued at approximately $30,000. Tradewinds Capital Management LLC boosted its stake in shares of Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after buying an additional 111 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in Vertiv during the fourth quarter worth $34,000. Finally, Pittenger & Anderson Inc. raised its position in Vertiv by 92.0% in the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company’s stock worth $36,000 after acquiring an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on VRT. Evercore ISI decreased their target price on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Fox Advisors initiated coverage on shares of Vertiv in a report on Monday, January 6th. They set an “equal weight” rating on the stock. The Goldman Sachs Group lowered their target price on shares of Vertiv from $135.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Citigroup reduced their price target on shares of Vertiv from $153.00 to $98.00 and set a “buy” rating for the company in a research report on Monday. Finally, 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 target on the stock. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Vertiv currently has an average rating of “Moderate Buy” and a consensus price target of $121.94.

Vertiv Stock Up 2.6 %

VRT opened at $71.41 on Tuesday. The business’s fifty day simple moving average is $88.22 and its 200 day simple moving average is $109.37. Vertiv Holdings Co has a 52 week low of $53.60 and a 52 week high of $155.84. The firm has a market cap of $27.19 billion, a P/E ratio of 55.79, a PEG ratio of 1.07 and a beta of 1.71. 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 (NYSE:VRT) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, topping 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 quarter in the previous year, the company posted $0.56 EPS. As a group, equities research analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.21%. The ex-dividend date was Tuesday, March 18th. Vertiv’s dividend payout ratio (DPR) 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.