Andar Capital Management HK Ltd Acquires New Shares in Vertiv Holdings Co (NYSE:VRT)

Andar Capital Management HK Ltd acquired a new position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 10,400 shares of the company's stock, valued at approximately $1,182,000. Vertiv makes up 1.5% of Andar Capital Management HK Ltd's holdings, making the stock its 16th biggest holding.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. SOA Wealth Advisors LLC. purchased a new stake in Vertiv in the fourth quarter valued at $26,000. OLD Second National Bank of Aurora purchased a new stake in shares of Vertiv in the 4th quarter valued at $30,000. Tradewinds Capital Management LLC lifted its stake in Vertiv by 61.3% during the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock worth $33,000 after acquiring an additional 111 shares in the last quarter. Mark Sheptoff Financial Planning LLC lifted its stake in Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company's stock worth $30,000 after acquiring an additional 200 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in Vertiv during the 4th quarter worth about $34,000. Hedge funds and other institutional investors own 89.92% of the company's stock.

Vertiv Stock Down 0.6 %

Shares of VRT traded down $0.50 during mid-day trading on Friday, reaching $88.58. The company's stock had a trading volume of 5,238,546 shares, compared to its average volume of 8,523,856. The company's 50 day moving average is $107.46 and its 200 day moving average is $110.91. The stock has a market cap of $33.73 billion, a PE ratio of 69.20, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. Vertiv Holdings Co has a 12-month low of $62.40 and a 12-month high of $155.84.

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Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, topping 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 quarter in the prior year, the firm posted $0.56 EPS. Equities analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be issued a $0.0375 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.17%. Vertiv's dividend payout ratio is currently 11.72%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Morgan Stanley assumed coverage on Vertiv in a research note on Monday, January 6th. They set an "overweight" rating and a $150.00 target price on the stock. Melius lowered Vertiv from a "buy" rating to a "hold" rating and set a $125.00 target price on the stock. in a research note on Tuesday, January 28th. Royal Bank of Canada assumed coverage on Vertiv in a research note on Friday, March 7th. They set an "outperform" rating and a $121.00 target price on the stock. Citigroup increased their target price on Vertiv from $141.00 to $155.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Finally, Melius Research reissued a "hold" rating and set a $125.00 target price on shares of Vertiv in a research note on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Vertiv presently has a consensus rating of "Moderate Buy" and an average target price of $136.07.

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.