Oxford Financial Group LTD. LLC Takes Position in Vertiv Holdings Co (NYSE:VRT)

Oxford Financial Group LTD. LLC purchased a new position in Vertiv Holdings Co (NYSE:VRT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,936 shares of the company's stock, valued at approximately $1,697,000.

A number of other hedge funds also recently modified their holdings of the business. CIBC Asset Management Inc increased its stake in Vertiv by 5.4% during the 3rd quarter. CIBC Asset Management Inc now owns 13,461 shares of the company's stock worth $1,339,000 after purchasing an additional 691 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Vertiv by 6.5% in the third quarter. Empowered Funds LLC now owns 5,498 shares of the company's stock valued at $547,000 after buying an additional 335 shares during the period. Natixis Advisors LLC boosted its stake in Vertiv by 59.2% in the 3rd quarter. Natixis Advisors LLC now owns 128,451 shares of the company's stock worth $12,779,000 after purchasing an additional 47,748 shares during the period. Caprock Group LLC bought a new position in Vertiv during the 3rd quarter worth about $409,000. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Vertiv in the 3rd quarter valued at about $869,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on VRT shares. Fox Advisors started coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an "equal weight" rating for the company. Barclays dropped their price objective on Vertiv from $131.00 to $111.00 and set an "equal weight" rating on the stock in a research note on Monday, March 3rd. Melius cut shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 target price for the company. in a research note on Tuesday, January 28th. Citigroup increased their price target on shares of Vertiv from $141.00 to $155.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Finally, Melius Research restated a "hold" rating and set a $125.00 price objective on shares of Vertiv in a research note on Tuesday, January 28th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $136.07.

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Vertiv Stock Performance

Shares of Vertiv stock traded up $5.15 on Monday, hitting $93.78. The stock had a trading volume of 6,216,503 shares, compared to its average volume of 8,523,399. The stock has a market cap of $35.71 billion, a price-to-earnings ratio of 73.27, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The business's 50 day moving average is $106.85 and its two-hundred day moving average is $111.55. 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 twelve month low of $62.40 and a twelve month high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last issued 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 last year, the business posted $0.56 EPS. Analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th will be issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date of this dividend is Tuesday, March 18th. 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.