Envestnet Portfolio Solutions Inc. Raises Stock Position in Vertiv Holdings Co (NYSE:VRT)

Envestnet Portfolio Solutions Inc. raised its stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 10.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,828 shares of the company's stock after purchasing an additional 8,197 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Vertiv were worth $9,978,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in VRT. SOA Wealth Advisors LLC. acquired a new position in Vertiv in the 4th quarter worth approximately $26,000. Mark Sheptoff Financial Planning LLC boosted its holdings in shares of Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company's stock valued at $30,000 after acquiring an additional 200 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of Vertiv in the 3rd quarter valued at $30,000. OLD Second National Bank of Aurora acquired a new stake in shares of Vertiv in the fourth quarter worth $30,000. Finally, Tradewinds Capital Management LLC raised its holdings in shares of Vertiv by 61.3% during the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock worth $33,000 after purchasing an additional 111 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Citigroup increased their price target on Vertiv from $141.00 to $155.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. Morgan Stanley started 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. Royal Bank of Canada started coverage on Vertiv in a research note on Friday, March 7th. They issued an "outperform" rating and a $121.00 price target for the company. Evercore ISI lowered their price target on Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a research report on Friday, January 17th. Finally, Fox Advisors assumed coverage on Vertiv in a research report on Monday, January 6th. They issued an "equal weight" rating for the company. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $136.07.

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Vertiv Price Performance

Shares of Vertiv stock traded down $0.50 during trading hours on Friday, reaching $88.58. 5,236,663 shares of the company's stock were exchanged, compared to its average volume of 8,534,301. The business has a fifty day moving average of $108.26 and a two-hundred day moving average of $110.87. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $33.73 billion, a P/E ratio of 69.20, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a 1 year low of $62.40 and a 1 year high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last released 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 net margin of 6.19% and a return on equity of 61.41%. During the same period in the prior year, the business posted $0.56 earnings per share. As a group, research analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.17%. The ex-dividend date of this dividend is Tuesday, March 18th. Vertiv's dividend payout ratio (DPR) is currently 11.72%.

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.