Independent Advisor Alliance Acquires 3,868 Shares of Vertiv Holdings Co (NYSE:VRT)

Independent Advisor Alliance grew its holdings in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 5.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 71,611 shares of the company's stock after purchasing an additional 3,868 shares during the quarter. Independent Advisor Alliance's holdings in Vertiv were worth $8,136,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fifth Third Bancorp increased its position in shares of Vertiv by 8.1% during the fourth quarter. Fifth Third Bancorp now owns 1,126 shares of the company's stock valued at $128,000 after acquiring an additional 84 shares during the last quarter. Accurate Wealth Management LLC lifted its position in Vertiv by 4.1% in the fourth quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company's stock valued at $254,000 after purchasing an additional 87 shares during the period. Tradewinds Capital Management LLC lifted its holdings in Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock valued at $33,000 after acquiring an additional 111 shares during the period. Bouvel Investment Partners LLC grew its position in Vertiv by 1.1% during the fourth quarter. Bouvel Investment Partners LLC now owns 11,097 shares of the company's stock worth $1,261,000 after buying an additional 117 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Vertiv by 16.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 837 shares of the company's stock valued at $95,000 after acquiring an additional 121 shares during the period. Institutional investors and hedge funds own 89.92% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on VRT shares. TD Cowen increased their price objective on shares of Vertiv from $115.00 to $141.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Royal Bank of Canada began coverage on Vertiv in a report on Friday, March 7th. They set an "outperform" rating and a $121.00 price objective for the company. Fox Advisors assumed coverage on Vertiv in a research note on Monday, January 6th. They issued an "equal weight" rating on the stock. UBS Group assumed coverage on shares of Vertiv in a research note on Wednesday, November 13th. They set a "buy" rating and a $155.00 price objective for the company. Finally, Melius downgraded shares of 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. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Vertiv presently has a consensus rating of "Moderate Buy" and an average price target of $136.07.

Vertiv Price Performance

Shares of NYSE VRT traded up $3.63 during mid-day trading on Wednesday, reaching $86.75. 6,948,005 shares of the company traded hands, compared to its average volume of 10,974,967. The firm has a market cap of $33.03 billion, a PE ratio of 67.69, 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 fifty-two week low of $62.40 and a fifty-two week high of $155.84. The stock has a fifty day simple moving average of $113.71 and a 200-day simple moving average of $110.98.

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

Vertiv Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 18th will be paid a $0.0375 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a yield of 0.17%. Vertiv's 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.