United Capital Financial Advisors LLC Has $1.87 Million Stake in Vertiv Holdings Co (NYSE:VRT)

United Capital Financial Advisors LLC raised its holdings in Vertiv Holdings Co (NYSE:VRT) by 54.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 16,434 shares of the company’s stock after acquiring an additional 5,779 shares during the quarter. United Capital Financial Advisors LLC’s holdings in Vertiv were worth $1,867,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. SOA Wealth Advisors LLC. bought a new stake in Vertiv during the fourth quarter worth about $26,000. OLD Second National Bank of Aurora bought a new stake in shares of Vertiv during the 4th quarter worth approximately $30,000. Tradewinds Capital Management LLC boosted its holdings 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 buying an additional 111 shares during the last quarter. FNY Investment Advisers LLC bought a new position in shares of Vertiv in the fourth quarter valued at $34,000. Finally, Pittenger & Anderson Inc. grew its stake in shares of Vertiv by 92.0% in the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company’s stock valued at $36,000 after buying an additional 150 shares in the last quarter. 89.92% of the stock is owned by institutional investors.

Vertiv Price Performance

Shares of Vertiv stock opened at $73.24 on Friday. Vertiv Holdings Co has a twelve month low of $53.60 and a twelve month high of $155.84. The company has a 50-day simple moving average of $84.24 and a two-hundred day simple moving average of $108.51. The stock has a market capitalization of $27.89 billion, a price-to-earnings ratio of 57.22, a price-to-earnings-growth 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 issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, beating 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 previous year, the company earned $0.56 earnings per share. Analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were given a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date was Tuesday, March 18th. Vertiv’s payout ratio is currently 11.72%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Morgan Stanley began coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 price target for the company. Melius cut Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a report on Tuesday, January 28th. Roth Mkm initiated coverage on Vertiv in a research report on Tuesday, April 8th. They set a “buy” rating and a $75.00 price target on the stock. Barclays cut their price objective on Vertiv from $100.00 to $90.00 and set an “equal weight” rating for the company in a research report on Friday, April 4th. Finally, Roth Capital raised Vertiv to a “strong-buy” rating in a report on Monday, April 7th. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Vertiv presently has an average rating of “Moderate Buy” and an average price target of $121.94.

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.