Vertiv Holdings Co (NYSE:VRT) is Zuckerman Investment Group LLC’s Largest Position

Zuckerman Investment Group LLC decreased its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 14.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 702,450 shares of the company’s stock after selling 117,091 shares during the quarter. Vertiv comprises approximately 7.8% of Zuckerman Investment Group LLC’s holdings, making the stock its biggest holding. Zuckerman Investment Group LLC’s holdings in Vertiv were worth $79,096,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Treasurer of the State of North Carolina increased its stake in Vertiv by 0.5% during the 4th quarter. Treasurer of the State of North Carolina now owns 161,795 shares of the company’s stock valued at $18,382,000 after buying an additional 760 shares during the period. Bank of Hawaii increased its position in shares of Vertiv by 4.6% during the fourth quarter. Bank of Hawaii now owns 32,791 shares of the company’s stock valued at $3,725,000 after purchasing an additional 1,436 shares during the period. Scotia Capital Inc. increased its position in shares of Vertiv by 18.0% during the 4th quarter. Scotia Capital Inc. now owns 20,952 shares of the company’s stock worth $2,380,000 after purchasing an additional 3,201 shares in the last quarter. APG Asset Management N.V. increased its holdings in shares of Vertiv by 601.0% in the fourth quarter. APG Asset Management N.V. now owns 244,155 shares of the company’s stock valued at $26,787,000 after purchasing an additional 209,326 shares in the last quarter. Finally, Advisory Services Network LLC boosted its stake in Vertiv by 32.8% in the fourth quarter. Advisory Services Network LLC now owns 65,809 shares of the company’s stock valued at $7,477,000 after acquiring an additional 16,247 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on VRT. Fox Advisors began coverage on Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating on the stock. JPMorgan Chase & Co. lowered their price target on Vertiv from $132.00 to $100.00 and set an “overweight” rating for the company in a report on Tuesday. Melius Research reaffirmed a “hold” rating and set a $125.00 price target on shares of Vertiv in a research note on Tuesday, January 28th. Morgan Stanley initiated coverage on Vertiv in a research report on Monday, January 6th. They set an “overweight” rating and a $150.00 target price on the stock. Finally, Roth Capital raised shares of Vertiv to a “strong-buy” rating in a research note on Monday. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Vertiv presently has an average rating of “Moderate Buy” and a consensus price target of $128.94.

Vertiv Stock Up 15.5 %

VRT opened at $72.63 on Thursday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. Vertiv Holdings Co has a 1 year low of $53.60 and a 1 year high of $155.84. The firm has a 50 day moving average price of $90.90 and a 200 day moving average price of $109.92. The company has a market cap of $27.65 billion, a PE ratio of 56.74, 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 earnings per share 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 quarter last year, the business posted $0.56 earnings per share. Sell-side analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.0375 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.21%. Vertiv’s dividend payout ratio is currently 11.72%.

About Vertiv

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.