Shelton Capital Management Purchases New Position in Vertiv Holdings Co (NYSE:VRT)

Shelton Capital Management acquired a new stake in Vertiv Holdings Co (NYSE:VRT - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,000 shares of the company's stock, valued at approximately $568,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. SOA Wealth Advisors LLC. acquired a new stake in shares of Vertiv in the fourth quarter worth approximately $26,000. OLD Second National Bank of Aurora acquired a new position in Vertiv during the 4th quarter worth $30,000. Tradewinds Capital Management LLC increased its holdings in shares of 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 acquiring an additional 111 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Vertiv during the 4th quarter valued at about $34,000. Finally, Pittenger & Anderson Inc. increased its position in Vertiv by 92.0% in the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock worth $36,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 89.92% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Vertiv from $132.00 to $100.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Barclays dropped their price objective on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a research note on Friday, April 4th. Roth Capital raised Vertiv to a "strong-buy" rating in a research report on Monday, April 7th. Fox Advisors began coverage on Vertiv in a research note on Monday, January 6th. They set an "equal weight" rating for the company. Finally, Evercore ISI lowered their price objective on Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a research report on Friday, January 17th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $125.50.

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Vertiv Stock Performance

Shares of NYSE:VRT traded up $2.27 during trading on Monday, hitting $71.88. 2,641,516 shares of the company were exchanged, compared to its average volume of 8,997,239. The company has a market cap of $27.37 billion, a PE ratio of 56.16, a P/E/G 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. The stock has a 50 day moving average of $89.17 and a 200 day moving average of $109.56. Vertiv Holdings Co has a 52-week low of $53.60 and a 52-week high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last issued its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate 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 previous year, the business earned $0.56 EPS. As a group, equities research analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date was Tuesday, March 18th. Vertiv's dividend payout ratio 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.