Bedell Frazier Investment Counselling LLC Purchases New Position in Vertiv Holdings Co (NYSE:VRT)

Bedell Frazier Investment Counselling LLC bought a new position in Vertiv Holdings Co (NYSE:VRT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,654 shares of the company's stock, valued at approximately $415,000.

A number of other hedge funds also recently made changes to their positions in VRT. SOA Wealth Advisors LLC. bought a new position in Vertiv in the fourth quarter valued at about $26,000. OLD Second National Bank of Aurora acquired a new position in shares of Vertiv in the fourth quarter valued at approximately $30,000. Tradewinds Capital Management LLC raised its holdings in 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. Mark Sheptoff Financial Planning LLC boosted its position 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 buying an additional 200 shares during the period. Finally, FNY Investment Advisers LLC bought a new stake in Vertiv during the 4th quarter worth approximately $34,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Stock Up 4.3 %

Shares of NYSE VRT traded up $3.09 during trading on Tuesday, hitting $75.29. 10,125,749 shares of the company traded hands, compared to its average volume of 8,772,378. The firm has a market capitalization of $28.67 billion, a price-to-earnings ratio of 58.82, a P/E/G ratio of 1.07 and a beta of 1.71. The business's fifty day moving average is $101.47 and its 200 day moving average is $111.58. 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 fifty-two week low of $62.40 and a fifty-two week high of $155.84.

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

Vertiv Dividend Announcement

The firm 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 annualized dividend and a yield of 0.20%. The ex-dividend date was Tuesday, March 18th. Vertiv's payout ratio is currently 11.72%.

Analyst Ratings Changes

Several research firms have recently issued reports on VRT. Citigroup raised 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. Fox Advisors began coverage on Vertiv in a report on Monday, January 6th. They set an "equal weight" rating on the stock. Evercore ISI decreased their price target on Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a research note on Friday, January 17th. Melius lowered Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price objective on the stock. in a research note on Tuesday, January 28th. Finally, Royal Bank of Canada started coverage on shares of Vertiv in a research report on Friday, March 7th. They set an "outperform" rating and a $121.00 target price for the company. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Vertiv presently has a consensus rating of "Moderate Buy" and a consensus price target of $135.33.

Vertiv Company 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.