Harvest Fund Management Co. Ltd Boosts Stock Position in Vertiv Holdings Co (NYSE:VRT)

Harvest Fund Management Co. Ltd lifted its holdings in Vertiv Holdings Co (NYSE:VRT - Free Report) by 28.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 45,462 shares of the company's stock after acquiring an additional 10,186 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in Vertiv were worth $5,167,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. SOA Wealth Advisors LLC. bought a new stake in shares of Vertiv in the 4th quarter worth approximately $26,000. OLD Second National Bank of Aurora bought a new stake in Vertiv during the 4th quarter valued at $30,000. Tradewinds Capital Management LLC raised its holdings in Vertiv by 61.3% during 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 raised its holdings in Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company's stock valued at $30,000 after buying an additional 200 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in Vertiv during the 4th quarter valued at $34,000. 89.92% of the stock is currently owned by institutional investors.

Vertiv Trading Down 0.6 %

Shares of NYSE:VRT traded down $0.50 on Friday, hitting $88.58. 5,238,546 shares of the company's stock were exchanged, compared to its average volume of 8,523,856. Vertiv Holdings Co has a 12 month low of $62.40 and a 12 month high of $155.84. The stock has a market capitalization of $33.73 billion, a price-to-earnings ratio of 69.20, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The business's 50 day simple moving average is $107.46 and its two-hundred day simple moving average is $110.91. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02.

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Vertiv (NYSE:VRT - Get Free Report) last released 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 return on equity of 61.41% and a net margin of 6.19%. During the same period in the prior year, the company earned $0.56 earnings per share. Analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors 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 payout ratio is currently 11.72%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on VRT shares. Royal Bank of Canada started coverage on shares of Vertiv in a report on Friday, March 7th. They set an "outperform" rating and a $121.00 price target for the company. Evercore ISI lowered their price target on shares of Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a report on Friday, January 17th. Barclays lowered their price target on shares of Vertiv from $131.00 to $111.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd. Citigroup boosted their price objective on shares of Vertiv from $141.00 to $155.00 and gave the company a "buy" rating in a research report on Monday, December 9th. Finally, Morgan Stanley assumed coverage on shares of Vertiv in a research report on Monday, January 6th. They set an "overweight" rating and a $150.00 price objective on the stock. Four 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, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $136.07.

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.